Deutsche Boerse AG’s Clearstream unit has reported its aggregated operational metrics for August 2019, which showed a strong performance when weighed against its counterparts a year ago.
The provider of post-trade services for financial services participants today reported that the value of assets under custody held on behalf of customers registered €14.01 trillion in August, almost unchanged from the month prior. This figure, however, constituted a year-over-year growth of two percent from €13.8 trillion in August 2018.
Last week, and high-ranking managers as German prosecutors are looking into possible involvement in the so-called ‘Cum-Ex transactions.’ The probes focus on the practice that involves cross-border trading of company shares around certain times to create the impression of numerous owners and get multiple tax refunds.
As part of a trading and securities giant, Deutsche Börse Group – one of the largest exchange organisations in the world, Clearstream provides a range of services for the Eurobond market.
Back to trading metrics…
Elsewhere, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose slightly to €6.91 trillion in August 2019, higher by three percent year-over-year from €6.68 trillion.
In a similar vein, processed 4.4 million transactions during the month ending August 2019, down -11 percent from 5.2 million in July, but reflected a rise of 20 percent from 3.8 million transactions in August 2018.
A different pattern was noted across the company’s securities held under custody in the German central securities depository (CSD) which fell in August 2019 to €4.58 trillion from €4.66 trillion in July, and was also two percent lower year-over-year from the year prior.
Finally, Clearstream’s Investment Fund Services (IFS) processed 2.51 million transactions during the month ending August 2019, which reflected a rise of four percent year-over-year from 2.42 million transactions in August 2018.
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