Clearstream continues 2015 growth spurt
13 April 2015 Frankfurt
Image: Shutterstock
Clearstream’s global securities financing business has sustained its growth throughout 2015, recording an 11 percent increase compared to March last year.
The combined services of triparty repo, securities lending and collateral management reached an average outstanding of €653.2 billion in March, 11 percent more than the €587 billion in March 2014.
Year-to-date the average monthly outstanding has grown by 8 percent to €628.4 billion, compared to an average of €580 billion in the same period last year.
Clearstream’s investment fund services also increase by 34 percent to reach 1 million transactions, and assets under custody increased by 12 percent, reaching €13.5 trillion, compared to €12.1 trillion in March 2014.
Philip Brown, a member of Clearstream’s executive board and head of global client relations, commented: “Our latest set of monthly numbers display that the positive trend in business volumes from January and February has been sustained through March.”
He added: “We are extremely grateful to our clients for the trust they show in us, and will continue delivering to them the market-leading service with which we have become synonymous.”
The combined services of triparty repo, securities lending and collateral management reached an average outstanding of €653.2 billion in March, 11 percent more than the €587 billion in March 2014.
Year-to-date the average monthly outstanding has grown by 8 percent to €628.4 billion, compared to an average of €580 billion in the same period last year.
Clearstream’s investment fund services also increase by 34 percent to reach 1 million transactions, and assets under custody increased by 12 percent, reaching €13.5 trillion, compared to €12.1 trillion in March 2014.
Philip Brown, a member of Clearstream’s executive board and head of global client relations, commented: “Our latest set of monthly numbers display that the positive trend in business volumes from January and February has been sustained through March.”
He added: “We are extremely grateful to our clients for the trust they show in us, and will continue delivering to them the market-leading service with which we have become synonymous.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
