Clearstream’s September Volumes Largely Mixed, Assets Rise Steadily

Clearstream, a provider of post-trade services for financial services participants, has reported its financial statistics for the month ending September 2016 across each of the four units of its global business, which saw a mixed performance overall, according to a Clearstream statement.

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In terms of September 2016, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $14.43 trillion (€13.12 trillion) – this corresponded to a growth of less than 1.0% MoM from $14.37 trillion (€13.08 trillion) in August 2016. Looking at a yearly timeframe however, Clearstream’s September 2016’s assets were also higher by a factor of less than 1.0% YoY, largely static compared to $14.38 trillion (€13.09 trillion) in September 2015.

In addition, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose to $7.5 trillion (€6.85 trillion) in September 2016, up 2.1% MoM from $7.4 trillion (€6.71 trillion) in August 2016 – this was also reflective of a larger climb of 2.9% from $7.3 trillion (€6.66 trillion) in September 2015.

Meanwhile, securities held under custody in the German central securities depository (CSD) were on the uptick in September 2016, climbing to $4.8 trillion (€4.33 trillion), down-2.5% MoM from $4.9 trillion (€4.44 trillion) in August 2016. The figure was even lower YoY, indicative of a decline of -7.5% from $4.9 trillion (€4.68 trillion) in September 2015.

Settlement

In September 2016, 2.99 million international (ICSD) settlement transactions were processed at Clearstream, climbing 4.2% MoM from 2.87 million transactions in August 2016.

Global Securities Financing

Regarding Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during September 2016 extended a recent decline to move down to $551.6 billion (€501.63 billion), or -2.5% MoM from $564.7 billion (€514.22 billion) in August 2016. The group’s combined services, which include triparty repo, securities lending, and collateral management, also fell by a combined figure of -13.7% YoY from $638.3 billion (€581.26 billion) in July 2015.

Investment Fund Services

Finally, Clearstream’s Investment Fund Services (IFS) processed 1.94 million transactions during the month ending September 2016, which corresponded to an unchanged MoM difference from 1.93 million transactions in August 2016.