In January 2.91 million international transactions were processed, a slight decrease of 1% over January 2007.
Of these transactions, 64% were Over the Counter (OTC) transactions and 36% were registered as stock exchange transactions.
On the German Domestic market, transactions reached 8.45 million, a 17% rise compared to 7.21 million in January 2007. Of these transactions 69% were stock exchange transactions and 31% OTC transactions.
The value of assets under custody on behalf of customers rose to Ђ10.5 trillion, a 6% rise from January 2007. Securities held under custody in Clearstream’s international business experienced a rise of 9% from Ђ4.5 to Ђ4.9 trillion and domestic German securities held under custody rose by 4% from Ђ5.4 trillion to Ђ5.6 trillion.
For the Global Securities Financing services (GSF), monthly average outstandings reached a record high at Ђ370.44 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of over 23% over January 2007.
In the Investment Funds services, business was strong with 619,052 transactions processed a 4% rise over January 2007.
As of January 2008, Clearstream is implementing new statistical reporting methods for assets under custody and the number of transactions processed. The advantages of this new statistical reporting are a better correlation between the business figures and the company’s revenues, increased transparency, alignment with market practice as well as a faster delivery of the monthly reporting.
Under the new method, assets under custody of fixed income securities will be reported in nominal value. Previously, they were reported in market value. The reporting of all other securities’ assets under custody in market value will remain unchanged. Settlement transaction reporting will be aligned with current billing practices and will use billable transactions to customers for international as well as domestic markets.
Previous years figures have been restated according to the new definitions. The restatement has no influence on the company’s revenues.
The new statistical reporting will not have any effect on the way GSF is reported. Investment Fund services statistics are transaction driven and will therefore change.