In January 2009, the value of assets under custody held on behalf of customers registered a 5% decrease to €10.0 trillion (January 2008: €10.5 trillion), primarily due to lower equity market valuations.
Securities held under custody in Clearstream’s international business experienced a rise of 8% from €4.9 to €5.3 trillion while domestic German securities held under custody decreased by 16% from €5.6 trillion to €4.7 trillion.
International settlement transactions decreased by 19% to 2.37 million compared to January 2008 (2.91 million). International Over the Counter (OTC) bond transactions grew by 23% from 1.11 million to 1.36 million in January 2009. Of all international transactions, 76% were OTC transactions and 24% were registered as stock exchange transactions.
On the German domestic market, settlement transactions reached 5.46 million, 35% less than in January 2008 (8.45 million). Of these transactions, 62% were stock exchange transactions and 38% OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings reached €434.3 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 18% over January 2008 (€367.0 billion).
In the Investment Funds services, 353,644 transactions were processed, a 26% decrease over January 2008 (619,052) as a result of reduced European investment funds transactions.
L.D.