In July 2009, the value of assets under custody held on behalf of of Clearstreams customers registered an increase for the fifth consecutive month and stood at EUR10.4 trillion. Primarily due to lower equity market valuations and despite an increase in the new issuance of bonds the asset under custody are still 4% lower than in July 2008 (EUR10.8 trillion).
Compared to July 2008, securities held under custody in Clearstreams international business experienced a rise of 5% from EUR5.2 to EUR5.4 trillion while domestic German securities held under custody decreased by 11% from EUR5.6 trillion to EUR5.0 trillion.
International settlement transactions increased by 4% (2.55 million) compared to July 2008 (2.44 million). International Over the Counter (OTC) bond transactions grew by 22% from 1.22 million in July 2008 to 1.51 million in July 2009. Of all international transactions, 78% were OTC transactions and 22% were registered as stock exchange transactions. On the German domestic market, settlement transactions reached 5.98 million, 16% less than in July 2008 (7.11 million). Of these transactions, 66% were stock exchange transactions and 34% OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings stood at EUR472.1 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 22% over July 2008 (EUR387.7 billion).
In the Investment Funds services, 317,897 transactions were processed, a 24% decrease over July 2008 (418,176) as a result of reduced European investment funds transactions.
L.D.