Deutsche Borse says Clearstream had a strong October.
Dats published today shows that the value of assets held in custody on behalf of customers rose to approximately EUR 7.5 trillion, a rise of 2.5 percent from the same month last year.
The number of international transactions processed by Clearstream rose to 14.2 million in the year to date through October – an increase of 3 percent year on year (January to October 2003: 13.7 million). 18 percent of the transactions were registered as stock exchange transactions, 82 percent as Over the Counter (OTC).
“The introduction of the equity central counterparty in March 2003 continues to result in efficiency gains that affect domestic settlement transactions in Germany,” says a spokesman for Deutsche Borse. “As expected, the corresponding number for domestic transactions decreased by 30.5 percent from 39.3 million in 2003 to 27.3 million year to date 2004 with a ratio of 66 percent stock exchange transactions to 34 percent OTC transactions.”
Clearstream says its CreationOnline information service continued to grow with customer “interactions” reaching a new record level of 1.7 million during October, an increase of 3 per cent from the previous month. The number of registered users of CreationOnline increased last month by 670 to reach a total of 14,995 across 77 countries.
Clearstream’s Vestima+ mutual funds service also saw an increase in volume, with the number of funds-related instructions processed reaching 132,332 in October 2004, a rise of 7.5 percent from the same month last year (October 2003: 123,116). In October, IXIS Asset Management, the third-party asset management entity of Caisse d’Epargne Group’s investment banking arm, signed up for the Vestima+ mutual fund order routing service.
In the tri-party business- which included tripartite repo, securities lending and collateral management – the average of collateral under management in October amounted to EUR 137.76 billion representing a rise of 34.86 percent from the same month last year (October 2003: EUR 102.15 billion).