Clearstream, a provider of post-trade services for financial services participants, has reported its aggregated operational metrics for July 2019, which showed a strong performance when weighed against its counterparts a year ago, with specific segments did undergo healthy growth.
Looking to July 2019, the value of assets under custody held on behalf of customers registered at was reported at €14.08 trillion – this constituted a year-over-year growth of two percent from €13.74 trillion in July 2018.
Likewise, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose slightly to €6.9 trillion in July 2019, higher by three percent year-over-year from €6.60 trillion.
In a similar vein, processed 5.2 million transactions during the month ending July 2019, which reflected a rise of 36 percent from 3.8 million transactions in July 2018.
Deutsche Boerse expands settlement business
A different pattern was noted across the company’s securities held under custody in the German central securities depository (CSD) which fell slightly in July 2019 to €4.66 trillion, or less than one percent lower year-over-year from the year prior.
Finally, Clearstream’s Investment Fund Services (IFS) processed 2.6 million transactions during the month ending July 2019, which reflected a rise of 31 percent year-over-year from 2.0 million transactions in July 2018.
Clearstream has recently expanded its offering in the funds space by . The company has reached an agreement with National Australia Bank Limited (NAB) to acquire its Sydney-based specialist managed funds services business Ausmaq Limited.
Deutsche Boerse’s settlement arm also acquired Swisscanto Funds Centre, the UK subsidiary of .
Clearstream, which also provides post-trade services for financial services participants, agreed to buy 100 percent of SFCL business from Zürcher Kantonalbank. Deutsche Börse-owned international central securities depository has paid a sum in “the high double digit million euro range.”
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