Clearstream says the value of assets it has in custody on behalf of customers rose to Euros 7.8 trillion in March, a rise of 2.3 percent from the end of the same month last year (Euros 7.6 trillion).
The number of international transactions processed by Clearstream rose to 1.78 million for the month, up 5.3% compared to the same month last year (1.69 million). Of these transactions, 15 percent are registered as stock exchange transactions, 85 percent are Over the Counter (OTC) transactions.
For domestic settlement transactions in Germany, the figure stood at 3.09 million in March 2005 – a decrease of 12.4 percent on the same period last year (3.53 million), and further evidence of the impact of the equity CCP in Germany. The ratio for domestic settlement transactions was 66 percent stock exchange transactions to 34 percent OTC transactions.
Within the Global Securities Financing services business, monthly average outstandings reaching Euros 184.5 billion – up over 50 per cent from the same month last year (Euros 122.5 billion).
The Vestima+ mutual funds order routing service grew too, with the number of mutual fund-related instructions processed reaching 192,345 in March 2005, a rise of 26.7 per cent from the same month last year (151,697). This rise is also reflected across the quarter with Q1 2005 total reaching 535,958. This represents an increase of 27.0 percent above Q1 2004 (421,787).