In the tri-party group at Clearstream, average monthly outstandings have cleared Euros 140 billion for the first time. The value of collateral held by the combined securities financing services – which include securities lending and collateral management as well as tri-party repo – in November 2004 was Euros 142.3 billion, which is equivalent to a rise of over 23 per cent from the same month last year. The equivalent figure for November 2003 was Euros 114.9 billion.
The value of assets held in custody on behalf of customers at Clearstream also rose to Euros 7.6 trillion in November, a rise of 3.3 percent from the same month last year.
The number of international transactions processed by Clearstream has totalled 15.7 million so far this year – an increase of 3.2 percent year on year. 17 per cent of the transactions were registered as stock exchange transactions, 83 per cent as Over the Counter (OTC) transactions.
The equity central counterparty introduced to the German market in March 2003 continues to affect domestic settlement transactions. As expected, the number for domestic transactions in November decreased by 28.8 per cent from 42.4 million in 2003 to 30.2 million year to date 2004 with a ratio of 65 per cent stock exchange transactions to 35 per cent OTC transactions.
Clearstream’s mutual fund service enjoyed further volume increases, with the number of fund- related instructions processed reaching 149,822 in November 2004, a rise of 29 per cent from the same month last year (November 2003: 115,336). Next month, Clearstream formally launches the enhanced version of its investment funds service called Vestima+.
The CreationOnline information service also saw customer interactions reached another record level of 1.76 million during November 2004, up 3.5 percent on the previous month. The number of registered users of CreationOnline increased last month by 790 to reach a total of 15,785 across 78 countries.