Euroclear enjoys Collateral Highway ride
28 February 2014 London
Image: Shutterstock
Euroclear’s Collateral Highway mobilised an average of €787 billion of collateralised transactions daily in 2013, a 12 percent increase over 2012.
It also held a record €24.2 trillion in assets under custody in 2013.
The value of securities held on behalf of Euroclear clients increased by more than €1 trillion, representing a 5 percent year-over-year increase.
The number of netted transactions settled in the Euroclear group increased by 7.1 percent to a record 170.4 million, while the value of securities transactions settled reached a record €572.8 trillion, a 5.8 percent increase over the prior year.
Tim Howell, CEO of the Euroclear group, said: “The market regards Euroclear to be a safe and resilient market infrastructure with the proven experience, agility and economies of scale to deliver operational efficiencies and develop markets locally and globally. We want to thank our clients for the business that they entrust with us, and look forward to doing more together as the industry continues to evolve.”
“We are focused on maintaining market stability, delivering the regulation-driven initiatives in our core European franchise and investing in capabilities and services that extend value to our clients.”
It also held a record €24.2 trillion in assets under custody in 2013.
The value of securities held on behalf of Euroclear clients increased by more than €1 trillion, representing a 5 percent year-over-year increase.
The number of netted transactions settled in the Euroclear group increased by 7.1 percent to a record 170.4 million, while the value of securities transactions settled reached a record €572.8 trillion, a 5.8 percent increase over the prior year.
Tim Howell, CEO of the Euroclear group, said: “The market regards Euroclear to be a safe and resilient market infrastructure with the proven experience, agility and economies of scale to deliver operational efficiencies and develop markets locally and globally. We want to thank our clients for the business that they entrust with us, and look forward to doing more together as the industry continues to evolve.”
“We are focused on maintaining market stability, delivering the regulation-driven initiatives in our core European franchise and investing in capabilities and services that extend value to our clients.”
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