Clearstream’s GSF business grows

Clearstream’s GSF business grows

Clearstream’s global securities financing business grew 2% to €587bn ($815bn) in March compared to the same period in 2013, according to the firm’s monthly report.

The division, which includes tri-party repo, securities lending and collateral management services, had an average outstanding of €576.2bn in March last year.

The business’s monthly average outstanding has increased by 3% from the period year to date March 2013 to the period year to date March 2014 (€576.2trn).

The central securities depository’s custody business grew 5% to €12.1trn during the month in terms of value of assets.

In its international business, the firm saw a 3% rise in securities held under custody to €6.4trn. Custody securities in the domestic German CSD increased by 6% to €5.7trn in March.

Year to date, the combined domestic and international CSD businesses grew 6% compared to the same period in 2013.

Philippe Seyll, member of the executive board of Clearstream and head of investment funds services, said: “We continue to be encouraged by our monthly figures as we see continued growth in all business areas which ultimately support and strengthen each other as part of an integrated offering, no matter the entry point to Clearstream.

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