Clearstream, a provider of post-trade services for financial services participants, has reported its aggregated operational metrics for July 2019, which showed a strong performance when weighed against its counterparts a year ago, with specific segments did undergo healthy growth.
Looking to July 2019, the value of assets under custody held on behalf of customers registered at Clearstream was reported at €14.08 trillion – this constituted a year-over-year growth of two percent from €13.74 trillion in July 2018.
Likewise, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose slightly to €6.9 trillion in July 2019, higher by three percent year-over-year from €6.60 trillion.
In a similar vein, Clearstream’s international business processed 5.2 million transactions during the month ending July 2019, which reflected a rise of 36 percent from 3.8 million transactions in July 2018.
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Deutsche Boerse expands settlement business
A different pattern was noted across the company’s securities held under custody in the German central securities depository (CSD) which fell slightly in July 2019 to €4.66 trillion, or less than one percent lower year-over-year from the year prior.
Finally, Clearstream’s Investment Fund Services (IFS) processed 2.6 million transactions during the month ending July 2019, which reflected a rise of 31 percent year-over-year from two million transactions in July 2018.
Clearstream has recently expanded its offering in the funds space by entering the Australian market. The company has reached an agreement with National Australia Bank Limited (NAB) to acquire its Sydney-based specialist managed funds services business Ausmaq Limited.
Deutsche Boerse’s settlement arm also acquired Swisscanto Funds Centre, the UK subsidiary of Zurich-based financial group Swisscanto.
Clearstream, which also provides 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.”