Clearstream Sees Mixed Performance Across Assets in February

Clearstream's February asset performance was convoluted, with a growth in settlement being underpinned by other measures.

Clearstream, a provider of post-trade services for financial services participants, has reported its financial metrics for the month ending February 2016 across each of its four units of its global business, which could not get back on track for the month, rescinding slightly across key figures, according to a Clearstream statement.

In terms of February 2016, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $14.2 trillion (€12.9 trillion) – this a decline of less than -1.0% MoM from $14.4 trillion (€13.0 trillion) in January 2016. Looking at a yearly timeframe however, Clearstream’s February 2016’s assets were also lower by a factor of -2.2% YoY from $14.6 trillion (€13.2 trillion) in February 2015.

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Moreover, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose to $7.6 trillion (€6.9 trillion) in February 2016, up a tepid 1.5% MoM from $7.5 trillion (€6.8 trillion) in January 2016.

Meanwhile, securities held under custody in the German central securities depository (CSD) were also on the uptick in February 2016, climbing to $6.9 trillion (€6.2 trillion) or 3.3% MoM from $6.6 trillion (€6.0 trillion) in January 2016.

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Settlement

In February 2016, 3.7 million international (ICSD) settlement transactions were processed at Clearstream, surging 12.1% MoM from 3.3 million transactions in January 2016 – of these international transactions however, 84% were over-the-counter (OTC) transactions, while only 16% were registered as stock exchange transactions.

On the German domestic market, CSD settlement transactions in February 2016 were 6.9 million, retreating -5.5% MoM from 7.3 million in January 2016 – however, when weighed against its 2015 counterpart, the group also reported a fall of -2.8% YoY from 7.1 million in February 2015. This registers as a 65% composition of stock exchange transactions with 35% OTC transactions.

Global Securities Financing

Regarding Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during February 2016 snapped a recent decline to move up to $588.7 billion (€532.7 billion), up 2.5% MoM from $574.3 billion (€519.8 billion) in January 2016. The group’s combined services, which include triparty repo, securities lending, and collateral management, also fell by a combined figure of -15.0% YoY from $680.0 (€616.0 billion) in February 2015.

Investment Fund Services

Finally, Clearstream’s Investment Fund Services (IFS) processed 0.75 million transactions during the month ending February 2016, which corresponded to a 2.7% climb MoM from 0.73 million transactions in January 2016.

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