Clearstream International Transactions Up 22% In November

Clearstream reported a growth in its business streams for November 2005, with the number of monthly international transactions processed rising 22% at 1.84 million, 80% of which are over the counter transactions and 20% are registered as stock exchange transactions.

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Clearstream reported a growth in its business streams for November 2005, with the number of monthly international transactions processed rising 22% at 1.84 million, 80% of which are over-the-counter transactions and 20% are registered as stock exchange transactions.

Domestic settlement transactions in Germany increased 1% reaching 2.89 million. Compared to 2.85 million for the same period last year. The ratio for domestic settlement transactions was 67% stock exchange transactions Compared to 33% OTC transactions.

The value of assets held under custody on behalf of customers rose to EUR 8.68 trillion, a 14% rise from November 2004 when it stood at EUR 7.58 trillion. Securities held under custody in Clearstream’s International business experienced a rise of 20 percent from 3.26 trillion to 3.91 trillion. On the domestic German business, securities held under custody rose by 10% from 4.32 trillion to 4.77 trillion.

Growth was also strong within the Global Securities Financing services business with monthly average outstandings reaching a historical high at EUR 210.1 billion. The combined services, which include tripartite repo, collateral management and securities lending, collectively experienced a rise of 48% from the same month last year (November 2004, EUR 142.3 billion).

Vestima+, the investment funds service, also reached record level with 239,801 transactions processed, a 60% rise in the year over November 2004 (149,822).

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