Clearstream releases activity figures for June 2009. During this period the value of assets under custody held on behalf of customers registered an increase for the third consecutive month and stood at EUR10.3 trillion.
Primarily due to lower equity market valuations and despite an increase in the new issuance of bonds the assets under custody are therefore still 4% lower than in June 2008 (EUR10.7 trillion). Compared to June 2008, securities held under custody in Clearstreams international business experienced a rise of 7% from EUR5.1 to EUR5.5 trillion while domestic German securities held under custody decreased by 13% from EUR5.6 trillion to EUR4.9 trillion.
International settlement transactions increased by 10% (2.60 million) compared to June 2008 (2.35 million). International Over the Counter (OTC) bond transactions grew by 20% from 1.22 million to 1.47 million in June 2009. Of all international transactions, 75% were OTC transactions and 25% were registered as stock exchange transactions.
On the German domestic market, settlement transactions reached 5.93 million, 6% less than in June 2008 (6.33 million). Of these transactions, 65% were stock exchange transactions and 35% OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings stood at EUR478.9 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 23% over June 2008 (EUR388.7 billion).
In the Investment Funds services, 319,351 transactions were processed, a 18% decrease over June 2008 (387,890) as a result of reduced European investment funds transactions.
L.D.