Clearstream's Global Securities Financing Services breaks new record
Average Outstanding Volumes breaks through EUR 150 billion milestone(PresseBox) (Frankfurt am Main, )
The GSF suite of products makes it easier and cheaper for customers to access Clearstream's ever increasing pools of securities and cash liquidity, thereby increasing settlement efficiency and lowering financing costs. Across a period of 10 years, Clearstream has pioneered the development of services in this sector and growth has more than tripled since January 2001. Clearstream is regarded as the leading provider of Global Securities Financing services to this sector through consistently outperforming other providers in annual surveys.
The International Securities Market Association (ISMA) has recently published the results of its seventh semi-annual survey of the repo market in Europe which valued the European repo market at just over Euros 4.5 trillion. The survey suggests that the repo market is growing at 19 per cent year on year.
Saheed Awan, Head of Global Securities Financing stated, "The key to achieving and maintaining our growth in this business was in getting all parts of service delivery functioning at peak performance and thereby delivering excellence across the board for the benefit of our customers. We will continue to accelerate our leadership in this sector and to ensure that Clearstream remains the first choice depository for holding collateral and other securities assets, under the most advanced legal and technological environment possible."