Clearstream reports that the overall value of assets under custody held on behalf of customers registered an increase of 8 percent to EUR 13.2 trillion (compared to EUR 12.2 trillion in August 2014). Securities held under custody as an international central securities depository (ICSD) increased by 10 percent from EUR 6.5 trillion in August 2014 to EUR 7.2 trillion in August 2015. Securities held under custody in the German central securities depository (CSD) rose by 6 percent from EUR 5.7 trillion in August 2014 to EUR 6.0 trillion in August 2015.
In August 2015, 3.3 million international (ICSD) settlement transactions were processed, a 7 percent increase over August 2014 (3.1 million). Of all international transactions, 80 percent were OTC transactions and 20 percent were registered as stock exchange transactions. German domestic CSD settlement transactions reached 8.1 million, 25 percent more than in August 2014 (6.5 million).
Marc Robert-Nicoud, CEO of Clearstream Holding, commented that Italy's end August migration to TARGET2-Securities successfully concluded the first wave of CSDs migrating to a new securities settlement environment. Moving forward, T2S can open up European securities markets, thereby contributing to a better allocation of capital, he says, representing a very concrete step in supporting the objectives of a Capital Markets Union.
“As the largest participating CSD in T2S, we are committed to ensure that our customers reap all benefits to be had, notably in reducing their network costs as well as their costs of capital and collateral management,” he said. “That’s why we are launching a new integrated offering combining the benefits of our CSD and ICSD services. The response from customers is very positive and is reflected in our August results.”
