Clearstream: Business stream 1: Custody
In July 2014, the overall value of assets under custody held on behalf of customers registered an increase of 6 percent to EUR 12.2 trillion (compared to EUR 11.5 trillion in July 2013).
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 7 percent from EUR 6.1 trillion in July 2013 to EUR 6.5 trillion in July 2014.
Securities held under custody in the German central securities depository (CSD) increased by 5 percent from EUR 5.4 trillion in July 2013 to EUR 5.7 trillion in July 2014.
For the period year-to-date July 2014, the combined value of assets under custody in the German domestic CSD and global ICSD business increased by 5 percent compared to the same period last year (YTD July 2014: EUR 12.1 trillion; YTD July 2013: EUR 11.5 trillion).
Business stream 2: Settlement
In July 2014, 3.7 million international (ICSD) settlement transactions were processed, a 5 percent increase over July 2013 (3.5 million). Of all international transactions, 85 percent were OTC transactions and 15 percent were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in July 2014 reached 6.6 million, at the same level as in July 2013 (6.6 million). Of these transactions, 61 percent were stock exchange transactions and 39 percent OTC transactions.
For the period year-to-date July 2014, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased by 3 percent compared to the same period last year (YTD July 2014: 73.6 million; YTD July 2013: 71.8 million). The Investment Funds Services business contributed to this growth in the ICSD business as its corresponding transactions registered a 10 percent increase.
Business stream 3: Global Securities Financing
For Global Securities Financing (GSF) services, the monthly average outstanding in July 2014 reached EUR 619.5 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 8 percent over July 2013 (EUR 575.1 billion).
The GSF monthly average outstanding has grown by 4 percent from the period year-to-date July 2013 (EUR 572.0 billion) to the period year-to-date July 2014 (EUR 595.7 billion).
Business stream 4: Investment Funds Services
Investment Funds Services (IFS) processed 0.75 million transactions in July 2014, a 13 percent increase over July 2013 (0.67 million).
IFS transactions have grown by 10 percent from 4.62 million processed in the period year-to-date July 2013 to 5.06 million in the period year-to-date July 2014.
Commentary
Stefan Lepp, Member of the Executive Board and Head of Global Securities Financing at Clearstream, commented: "The eight percent increase in our Global Securities Financing services in July shows that the ever growing need for capital and collateral management continues to be a primary concern for our customers. The need for solutions to increase efficiencies in this domain which lead to capital savings has also been revealed in the Elton Pickford study we jointly released in July. Clearstream is continuously working on such a 'collateral value chain' as described in the study, and in line with our strategy we have announced the planned extension of our collateral reach by linking to Deutsche Bank's deep liquidity pool. Our customers acknowledge what we are doing for them and continue to trust us and our strategic plans. That is why once again our figures look very good across all business areas. We would like to thank our customers for this trust - and we will not disappoint them."