Clearstream sees dip in securities financing 14 January 2013Frankfurt Reporter: Georgina Lavers
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Clearstream’s Global Securities Financing (GSF) services recorded a monthly average outstanding of €555.7 billion in December 2012.
The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a loss of 13 percent compared to December 2011 (€638.7 billion).
For the year 2012, the monthly average outstanding reached €570.3 billion compared to €592.2 billion in 2011, a decrease of 4 percent.
However, the value of assets under custody held on behalf of customers increased by 3 percent to €11.2 trillion, compared to €10.9 trillion in December 2011.
Securities held under custody in Clearstream’s international business remained unchanged at €5.9 trillion in December 2012 compared to December 2011, while domestic German securities held under custody increased by 7 percent from €5 trillion in December 2011 to €5.3 trillion in December 2012.
For 2012, the yearly average of the value of assets under custody held on behalf of customers reached €11.1 trillion, the same as in 2011.
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