Strong growth continued in March for all of Clearstreams main business areas with assets under custody and global securities financing services reaching record levels.
In March the number of monthly international transactions processed rose 37% to 2.44 million, compared to 1.78 million in 2005. Of these transactions, 71% were over-the-counter transactions and 29% were registered as stock exchange transactions.
Domestic settlement transactions in Germany increased 25% reaching 3.85 million compared to 3.09 million for the same period last year. Of these transaction 69% were stock exchange transactions and 31% OTC transactions.
The value of assets held under custody on behalf of customers rose to a record EUR9.1 trillion, a 17% rise from March 2005 (EUR 7.8 trillion).
Securities held under custody in Clearstreams international business experienced a rise of 17% from EUR3.5 trillion to EUR4.1 trillion. On the domestic German business, securities held under custody rose by 17 percent from EUR4.4 trillion to EUR5.1 trillion.
For the Global Securities Financing services monthly average outstandings reached a new record high at EUR234.3 billion. The combined services, which include tripartite repo, collateral management and securities lending, collectively experienced a rise of 27% from the same month last year, compared to EUR184.5 billion for the same time last year.