Securities held for clients through Euroclear UK & Ireland increased by 4% in 2011 to the equivalent of EUR 4.0 trillion from EUR 3.8 trillion the previous year. Turnover drpped by 9% in 2011 to the equivalent of EUR 153 trillion from EUR 169 trillion in 2010. The number of transactions settled by Euroclear UK & Ireland declined by 2% to 55.2 million in 2011 from 56.6 million in 2010.
At year-end 2011, average daily outstandings in daily Delivery-by-Value (DBV) and money-market instrument repo instructions at Euroclear UK & Ireland decreased to the equivalent of EUR 179 billion, 18% lower than the EUR 217.2 billion reported in 2010. The decline reflects general UK market conditions in that overnight securities financing activity remained under pressure due to counterparty liquidity constraints. Moreover, furhter consolidation among Euroclear UK & Ireland clients reduced volumes overall.
Secure, real-time settlement
Euroclear UK & Ireland is recognised as one of the most efficient securities settlement service providers in the world and a leader in settlement risk reduction. It provides delivery versus payment (DVP) settlement in central bank money (EUR and GBP), with simultaneous and irrevocable transfer of cash and securities, electronic transfer of full legal title (for UK securities), settlement from T+0 to T+125, and support for multiple currencies (EUR, GBP and USD).
Euroclear UK & Ireland offers its clients a variety of sophisticated securities services, including collateral facilities, Term DBVs, stock-borrowing and lending functionality, tax and stamp-duty assistance, corporate-actions facilities (e.g. market-claims management, automatic transformations, electronic proxy voting, income and redemptions, etc), issuer and new-issues services, and transaction reporting to Irish and UK regulators.
Figures
Securities held for clients through Euroclear UK & Ireland increased by 4% in 2011 to the equivalent of EUR 4.0 trillion from EUR 3.8 trillion the previous year. Turnover drpped by 9% in 2011 to the equivalent of EUR 153 trillion from EUR 169 trillion in 2010. The number of transactions settled by Euroclear UK & Ireland declined by 2% to 55.2 million in 2011 from 56.6 million in 2010.
At year-end 2011, average daily outstandings in daily Delivery-by-Value (DBV) and money-market instrument repo instructions at Euroclear UK & Ireland decreased to the equivalent of EUR 179 billion, 18% lower than the EUR 217.2 billion reported in 2010. The decline reflects general UK market conditions in that overnight securities financing activity remained under pressure due to counterparty liquidity constraints. Moreover, furhter consolidation among Euroclear UK & Ireland clients reduced volumes overall.
