Clearstream`s March 2015 figures

Luxembourg / Frankfurt, 13 April 2015
Clearstream’s March 2015 figures
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Assets under custody climb 12 percent vs March 2014 to EUR 13.5 trillion
GSF services see rise in monthly average outstanding to EUR 653.2 billion
ICSD settlement transactions rise 18 percent vs March 2014 to 4.6 million
Business stream 1: Custody
Media Release
In March 2015, the overall value of assets under custody held on behalf of customers
registered an increase of 12 percent to EUR 13.5 trillion (compared to EUR 12.1
trillion in March 2014).
Securities held under custody in Clearstream’s international business as international
central securities depository (ICSD) increased by 12 percent from EUR 6.4 trillion in
March 2014 to EUR 7.1 trillion in March 2015.
Securities held under custody in the German central securities depository (CSD)
increased by 11 percent from EUR 5.7 trillion in March 2014 to EUR 6.4 trillion in
March 2015.
For the period year-to-date March 2015, the combined value of assets under custody in
the German domestic CSD and global ICSD business increased by 9 percent compared
to the same period last year (YTD March 2015: EUR 13.2 trillion; YTD March 2014:
EUR 12.0 trillion).
Business stream 2: Settlement
In March 2015, 4.6 million international (ICSD) settlement transactions were
processed, an 18 percent increase over March 2014 (3.9 million). Of all international
transactions, 81 percent were OTC transactions and 19 percent were registered as
stock exchange transactions.
On the German domestic market, CSD settlement transactions in March 2015 reached
9.3 million, 25 percent more than in March 2014 (7.4 million). Of these transactions,
65 percent were stock exchange transactions and 35 percent OTC transactions.
For the period year-to-date March 2015, the number of settlement transactions (OTC
and stock exchange combined) processed for the German domestic CSD and global
ICSD business combined increased by 13 percent compared to the same period last
year (YTD March 2015: 37.3 million; YTD March 2014: 33.1 million). The Investment
Fund Services business contributed to this growth in the ICSD business as its
corresponding transactions registered a 19 percent increase.
Business stream 3: Global Securities Financing
For Global Securities Financing (GSF) services, the monthly average outstanding in
March 2015 reached EUR 653.2 billion. The combined services, which include triparty
repo, securities lending and collateral management, collectively experienced an
increase of 11 percent over March 2014 (EUR 587.0 billion).
The GSF monthly average outstanding has grown by 8 percent from the period year-todate March 2014 (EUR 580.0 billion) to the period year-to-date March 2015 (EUR
628.4 billion).
Business stream 4: Investment Fund Services
Investment Fund Services (IFS) processed 1.0 million transactions in March 2015, a
34 percent increase over March 2014 (0.7 million).
IFS transactions have grown by 19 percent from 2.2 million processed in the period
year-to-date March 2014 to 2.7 million in the period year-to-date March 2015.
As of 3 October 2014 Clearstream owns CGSS Ltd in Cork, Ireland, providing hedge
fund trade execution and fund custody processing services for financial institutions.
Until Citco Bank’s financial institution customers have fully migrated to Clearstream
(planned for Q3/2015), the involved asset volumes are still serviced on behalf of Citco
Bank and will neither be fully included in Clearstream’s assets under custody volumes
nor be included in the number of investment fund transactions.
Philip Brown, Member of the Clearstream Executive Board and Head of Global Client
Relations, commented: “Our latest set of monthly numbers display that the positive
trend in business volumes from January and February has been sustained through
March. The growth of more than 10 percent in assets under custody, the key measure
of our core business momentum, shows that our clients continue to deepen their
relationships with us. We are also delighted that clients are building their business with
us across all of our product lines, where almost all showed double-digit increases in
volumes compared with a year ago. We are extremely grateful to our clients for the trust
they show in us, and will continue to provide them with the market-leading service with
which we have become synonymous.”
Core business figures
March 2014
March 2015
Settlement transactions (in millions)
OTC
Stock Exchange
International
OTC
Stock Exchange
Domestic
Total
3.14
0.72
3.86
2.58
4.87
7.45
11.31
3.71
0.85
4.56
3.27
6.05
9.32
13.88
Assets under custody (in EUR trillion)
Total
International
Domestic
12.09
6.36
5.72
13.49
7.12
6.37
Media contact
Oliver Frischemeier, +352 243 36606
[email protected]