Clearstream registered the following performance results in November 2008.
The value of assets under custody held on behalf of customers registered a 4.1 % decrease at 10.5 trillion (compared to 10.9 trillion in November 2007), primarily due to lower equity market valuations and despite an increase in bonds. Securities held under custody in Clearstream’s international business experienced a rise of 8.1 % from 4.9 to 5.4 trillion while domestic German securities held under custody decreased by 14.1% from 6.0 trillion to 5.1 trillion.
International settlement transactions decreased by 22.8 % (2.38million)compared to November 2007 (3.08 million). International Over the Counter (OTC) bond transactions grew by 19.7 % from 1.05 million to 1.26 million.
Of all international transactions, 74.7% were OTC transactions and 25.3 % were registered as stock exchange transactions.
On the German domestic market, settlement transactions reached 6.62 million, 18.1 % less than in November 2007 (8.08 million). Of these transactions, 67.1 % were stock exchange transactions and 32.9 % OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings reached a new record high at 426.7 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 19.8 % over November2007 ( 356.3 billion).
In the Investment Funds services, 369,071 transactions were processed, a 40.9 % decrease over November 2007 (624,576) as a result of reduced European investment funds transactions.
L.D.