Clearstream's International Transactions Rose By 9 Percent In March, Group Says

Clearstream processed 2.66 million international transactions in March, a 9 percent rise over March 2006 (2.44 million), it said in a statement. Of those transactions, 73 percent were over the counter (OTC) transactions and 27 percent were registered as stock

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Clearstream processed 2.66 million international transactions in March, a 9 percent rise over March 2006 (2.44 million), it said in a statement.

Of those transactions, 73 percent were over the counter (OTC) transactions and 27 percent were registered as stock exchange transactions.

Domestic settlement transactions in Germany stood at 4.28 million, compared to 3.85 million for the same month last year – a rise of 11 percent. Of those transactions, 69 percent were stock exchange transactions and 31 percent OTC transactions.

The value of assets under custody on behalf of customers rose to a new high of € 9.97 trillion, a 9 percent rise from March 2006 (€ 9.1 trillion). Securities held under custody in Clearstream’s international business experienced a rise of 11 percent from € 4.1 trillion to € 4.5 trillion.

On the domestic German business, securities held under custody rose by 7 percent from € 5.1 trillion to € 5.4 trillion.

For the global securities financing services, monthly average outstandings reached € 312.7 billion. The combined services, which includes tri-party repo, securities lending and collateral management, collectively experienced a rise of more than 33 percent from the same month last year (March 2006: € 234.3 billion).

In the investment funds services, business continued to grow with 404,938 transactions processed in March, more than 8 percent more than a year ago (336,811).

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