Value of Assets under Custody rose by 3% to 10.9 trillion In August 2008, the value of assets under custody held on behalf of customers registered a 3% rise at 10.9 trillion (compared to 10.7 trillion from August 2007). Securities held under custody in Clearstreams international business experienced a rise of 8% from 4.9 to 5.3 trillion and domestic German securities held under custody decreased by 2% from 5.7 trillion to 5.6 trillion.
International settlement transactions declined to 1.90 million, 34% less than in August 2007 (2.89 million), mainly due to retail-driven international stock exchange transactions, which registered a decline of 61%. The decline of international stock exchange settlement transactions in comparison with the same month last year is primarily attributed to the beginning of the US subprime that resulted in high volumes in August 2007. International Over the Counter (OTC) bond transactions continued to grow by 6 % from 7.59 million to 9.39 million in August 2008. Of all international transactions, 75% were OTC transactions and 25% were registered as stock exchange transactions.
On the German domestic market, settlement transactions reached 5.65 million, 34 % less than in August 2007 (8.53 million), also a result of reduced stock exchange retail activity. Of these transactions, 65% were stock exchange transactions and 35% OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings reached 393.3 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 17% over August 2007 ( 337.8 billion).
In the Investment Funds services, 326,092 transactions were processed, a 46% decrease over August 2007 (607,248).
D.C.