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Euroclear reports robust operating performance in 2016

Key operating results in line with record prior year

Brussels and London, 2 February 2017 - Euroclear today reports its 2016 operating results, with another robust performance. The results indicated in the group’s business drivers demonstrate the group’s role as the financial industry’s trusted provider of post-trade services.

The key operating results for the group in 2016 include:

  • Value of securities held for Euroclear clients reached EUR 27.7 trillion
  • Turnover, the value of securities transactions settled, was stable compared to 2015 at EUR 655 trillion 
  • Netted transactions settled in 2016 grew 3% to a record 196 million
  • Euroclear’s Collateral Highway mobilised an average of EUR 1,072 billion of collateralised transactions daily, flat compared to the prior year
  • Fund assets under custody grew 6% as Euroclear progressed its funds strategy, particularly in the ETF sector

Lieve Mostrey, Chief Executive Officer of the Euroclear group, said: 

“Euroclear delivered another strong operating performance in 2016, while investing in new services and solutions that bring value to our clients and safely connect the global financial markets.”

She added: “As we embark on the next stage in our strategy, these results put us in a strong position to extend our support to financial market participants in overcoming the complex and ever-evolving challenges they face.”

Europe has been evolving towards a single, harmonized marketplace, with the European Central Bank’s Target2-Securities (T2S) programme a major part of that journey in the post-trade sector. In September 2016, Euroclear’s ESES CSDs (Euroclear Belgium, Euroclear France and Euroclear Nederland) successfully migrated to the T2S platform. 

The joint venture with the Depository Trust & Clearing Corporation (DTCC), known as GlobalCollateral Ltd, began the rollout of its Collateral Management Utility (CMU) by launching a collateral link between the Depository Trust Company, a subsidiary of the DTCC and Euroclear, the two largest depositories globally, with a combined EUR 73.3 trillion of assets under custody. This initiative is an essential step in improving collateral mobility for clients currently dealing with regulatory reforms.

Euroclear’s funds strategy continues to progress, particularly in the ETF sector. BlackRock, the world’s largest provider of ETFs, completed the migration of its entire suite of domestic ETFs to the international form, transferring assets valued at over USD 200 billion. Meanwhile, cooperation with GF International resulted in the issuance of the first fund product launched by a Europe-based Chinese asset manager. 

Euroclear continues to connect investors and issuers around the world, supporting growth economies by bringing ‘Euroclearability’ to domestic capital markets. The group notably supported Chile’s Ministry of Finance to implement capital market reforms at the start of 2017, and enable access to Chilean government bonds through Euroclear Bank.

Euroclear is also collaborating with a number of FinTech partners to explore potential opportunities for new solutions and services. Launched during 2016, the group’s partnership with Taskize, an innovative tool that helps people across financial operations to work together, has already attracted strong levels of interest from customers. 

Note to editors

About Euroclear

Euroclear group is the financial industry’s trusted provider of post trade services. At the core, the group provides settlement, safe-keeping and servicing of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.

The Euroclear group includes Euroclear Bank - which is rated AA+ by Fitch Ratings and AA by Standard & Poor’s - as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. The Euroclear group settled the equivalent of EUR 655 trillion in securities transactions in 2016, representing 196 million domestic and cross-border transactions. In 2016, the group held EUR 27.7 trillion in assets for clients.

For more information about Euroclear, please visit www.euroclear.com.
 

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