Clearstream, a provider of post-trade services for financial services participants, has reported its aggregated operational metrics for October 2018, which showed a mixed performance when weighed against its counterparts a year ago, though specific segments did undergo healthy growth.
Looking to October 2018, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $15.76 trillion (€13.76 trillion) – this constituted a year-over-year growth of one percent from $15.35 trillion (€13.56 trillion) in October 2017.
Likewise, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose slightly to $7.75 trillion (€6.77 trillion) in October 2018, higher by two percent year-over-year from $7.6 trillion (€6.70 trillion).
In a similar vein, Clearstream’s international business processed 4.5 million transactions during the month ending October 2018, which reflected a rise of 13 percent from four million transactions in October 2017.
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A similar pattern was noted across the company’s securities held under custody in the German central securities depository (CSD) which were on the uptick in October 2018, rising to $5.26 trillion (€4.59 trillion), or one percent higher year-over-year from the year prior.
Finally, Clearstream’s Investment Fund Services (IFS) processed 2.2 million transactions during the month ending October 2018, which reflected a rise of 11 percent year-over-year from two million transactions in October 2017.
Deutsche Boerse’s settlement arm Clearstream has recently expanded its offering in the funds space by acquiring Swisscanto Funds Centre, the UK subsidiary of Zurich-based financial group Swisscanto.
Clearstream, a provider of post-trade services for financial services participants, agreed to buy 100 percent of SFCL business from Zürcher Kantonalbank. Deutsche Börse-owned international central securities depository has paid a sum in “the high double digit million euro range.”