Page 7 - ISLA_SLReport_Feb2021_final
P. 7
Market Volatility (VIX) Corporate Bonds Held
Back to normal levels
in European Tri-party
23 Sovereign Down from 34%
Pandemic announcements Wealth Funds Global Equities Held in
becoming background to Reported percentage of 10% 44% European Tri-party
business as usual, limiting total lendable & on-loan
€2.3Tn impacts on volatility 14% & 20% balances respectively Up from 13%
Securities On-Loan Brexit
Marginal increase End of transition phase for UK to
leave EU necessitates an increasing 33%
consideration of equivalence
€24Tn
Asian Government Bonds
Lendable Assets COVID-19 Held in European Tri-party
Increase from €20tn Development of vaccines will see Up from 25%
a progressive return to normality
with markets brushing off economic Collateral
Revenues concerns associated with COVID
$7.7Bn Reported revenues down
12% compared to the same
Global Trends Market
period in 2019
Highlights as at December 2020
Equity Markets
€17Tn
35.35%
Bond Markets
Utilisation Lendable Assets
Marginal Increase € 1.1Bn Securities On-Loan Increase of 17% directly related
Marginal Decrease to asset price appreciation
Increase in-line with recovering
equity markets allowing for a higher Securities €981Bn
proportion of non-cash business On-Loan
Marginal Increase
6
