Clearstream, for financial services participants, has reported its aggregated operational metrics for the sixth month of the year, June. The results show a mixed performance for the month – on a yearly comparison the results are overall positive, but month-on-month, the company recorded a weak performance.
During the month of June, the value of assets under custody held on behalf of customers registered at Clearstream was reported at €13.97 trillion. Whilst this is higher on a year-on-year comparison by 1 per cent, it is lower than the value reported in May by 0.5 per cent, which was €14.04 trillion.
Taking a look at securities held under custody in Clearstream’s international business as an international central securities depository (ICSD), in June the value rose slightly to €6.86 trillion in June 2019, higher by 3 per cent year-over-year from €6.69 trillion.
Clearstream metrics struggle on MoM comparison
Again, although June’s result is higher on a year-on-year comparison, it is still lower when compared to May. As , during the month, Clearstream noted a value of €6.88 trillion of securities held under custody. Therefore, June’s value has fallen slightly by 0.3 per cent from May.
As was the case in May, the securities held under custody in its German central securities depository (CSD) showed a different trend. In June, the total value was €4.62 trillion. When comparing this against June of 2018, which reported a figure of €4.71 trillion, it is lower by 2 per cent.
Nonetheless, the monthly declining trend still holds true for this segment, as May of 2019 achieved a value of €4.66 trillion. This represents a drop of 0.9 per cent month-on-month.
Concluding this analysis, Clearstream’s Investment Fund Services (IFS) processed 2.0 million transactions during the month ending June 2019, which reflected a rise of 1 per cent year-over-year from 2.0 million transactions in June 2018. It is also lower than May’s figure of 2.4 million transactions.
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