In May 2009, the value of assets under custody held on behalf of customers registered a 6% decrease at € 10.2 trillion (compared to € 10.8 trillion in May 2008), primarily due to lower equity market valuations and despite an increase in bonds. But the value of assets under custody remained above 10 trillion for the second consecutive month. Securities held under custody in Clearstream’s international business experienced a rise of 8% from € 5.0 to € 5.4 trillion while domestic German securities held under custody decreased by 17% from € 5.8 trillion to € 4.8 trillion.
International settlement transactions increased by 7% (2.62 million) compared to May 2008 (2.45 million). International Over the Counter (OTC) bond transactions grew by 17% from 1.28 million to 1.51 million in May 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 5.92 million, 3% less than in May 2008 (6.12 million). Of these transactions, 66% were stock exchange transactions and 34 percent OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings reached a high at € 489.8 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 24% over May 2008 (€ 394.9billion).
In the Investment Funds services, 292.502 transactions were processed, a 27% decrease over May 2008 (402,698) as a result of reduced European investment funds transactions.
D.C.