Domestic and international assets under custody at Clearstream experienced a rise across the board year on year to August, although securities finance activity dropped by a tenth over the period.
The value of assets under custody at Clearstream rose to 11.2 trillion, a 3% increase year-on-year compared to 10.8 trillion in August 2011.
In its international business, securities held under custody rose 4% in the same period from 5.8 trillion to 6.0 trillion, while domestic German securities held under custody rose 3% from 5.0 trillion to 5.1 trillion.
Monthly average outstanding in the Global Securities Financing business, however, dropped 10% year on year to 557.7 billion. Services in this unit include tri-party repo, securities lending and collateral management.
In August, Clearstream processed 3.2 million international settlement transactions, a 7% decrease over August 2011s 3.4 million. On the German domestic market, settlement transactions reached 6.0 million, 38% less than in August 2011.
(CG)