Clearstream’s GSF business grows
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.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you