Tri-Party Repo Outstandings At Clearstream Hit Euros 199 Billion In September 2005

Clearstream says its business grew again in September, with the number of monthly international transactions processed rising 36.5 per cent to 1.72 million compared to the same month last year, when the ICSD processed 1.26 million transactions. Of these transactions,

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Clearstream says its business grew again in September, with the number of monthly international transactions processed rising 36.5 per cent to 1.72 million compared to the same month last year, when the ICSD processed 1.26 million transactions.

Of these transactions, 78 per cent were Over the Counter (OTC) transactions and 22 percent were registered as stock exchange transactions. Domestic settlement transactions in Germany increased 30.0 per cent, reaching 2.82 million compared to 2.17 million for the same period last year. The ratio for domestic settlement transactions was 68 percent stock exchange transactions compared to 32 per cent OTC transactions.

The value of assets held under custody on behalf of customers rose to Euros 8.6 trillion, a 16 per cent rise from September 2004 when it stood at Euros 7.4 trillion.

Growth was also strong within the securities financing business, with monthly average outstandings reaching Euros 199.0 billion. Tri-party repo, securities lending and collateral management collectively enjoyed a rise of 47.4 per cent from the Euros 135.0 billion in September last year.

Vestima+, the investment funds service, processed its highest-ever number of mutual fund instructions: 230,410, an 85.4 percent rise on the 124,283 handled in September 2004.

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