Clearstream’s March Turnover Largely Static Despite Volatility

The latest turnover figures could not mount any sort of monthly growth, clinging to a tight consolidation.

Clearstream, a provider of post-trade services for financial services participants, has released its financial statistics for the month ending March 2017, across each of the four units of its global business. The latest statistics were largely mixed or constant on a month-over-month basis, with the group unable to break out of a tight consolidation in terms of its figures.

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In terms of March 2017, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $14.34 trillion (€13.38 trillion) – this constituted a month-over-month decline of -1.4 percent from $14.54 trillion (€13.57 trillion) in February 2017.

Extending this comparison to a yearly timeframe, Clearstream’s March 2017 assets were however higher by a factor of 3.1 percent year-over-year, relative to $13.89 trillion (€12.97 trillion) in February 2017.

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Additionally, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) was unchanged at $7.3 trillion (€6.81 trillion) in March 2017, unable to break out of a tight consolidation after reporting $7.3 trillion (€6.83 trillion) in February 2017. The latest figures were also largely stagnant compared to 2016, vs. $7.17 trillion (€6.69 trillion) in March 2016, or 1.8 percent higher year-over-year.

Finally, securities held under custody in the German central securities depository (CSD) were trending lower in March 2017, edging higher to $4.72 trillion (€4.41 trillion), or -3.4 percent month-over-month from $4.92 trillion (€4.59 trillion) in February 2017. This figure was unchanged over a year-over-year period, coming in at $4.74 trillion (€4.42 trillion) in March 2016.

Global Securities Financing

Clearstream’s Global Securities Financing (GSF) services saw its monthly average outstanding during March 2017 again extend its recent decline, falling to $508.3 billion (€474.4 billion), or -3.1 percent lower month-over-month from $524.3 billion (€489.4 billion) in February 2017, coupled with a -12.0 percent loss year-over-year from March 2016.

Investment Fund Services

Finally, Clearstream’s Investment Fund Services (IFS) processed 2.15 million transactions during the month ending March 2017, which reflected a rise of 19.4 percent month-over-month from 1.8 million transactions in February 2017 and 15.6 percent year-over-year from 1.86 million transactions in March 2016.

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