Continued growth in the international bond business
(PresseBox) (Frankfurt am Main, )In May 2008, the value of assets under custody on behalf of customers rose to € 10.8 trillion, a 2 percent rise from May 2007 (€ 10.6 trillion). Securities held under custody in Clearstream's international business experienced a rise of 6 percent from €4.7 to € 5.0 trillion and domestic German securities held under custody decreased by 2 percent from € 5.9 trillion to € 5.8 trillion.
International settlement transactions declined to 2.45 million, 15 percent less than in May 2007 (2.87 million). The decline is due to the lower number of retail driven international stock exchange transactions, whereas the international Over the Counter bond transactions rose by 11 percent from 1.66 million to 1.84 million in May 2008. Of these transactions, 75 percent were Over the Counter (OTC) transactions and 25 percent were registered as stock exchange transactions.
On the German domestic market, settlement transactions reached 6.12 million, 15 percent less than in May 2007 (7.23 million), also a result of reduced retail activity. Of these transactions, 65 percent were stock exchange transactions and 35 percent OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings reached a record high of € 415.5 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 27 percent over May 2007 (€ 326.6 billion).
In the Investment Funds services, 402,698 transactions were processed, a 21 percent decrease over May 2007 (510,698).
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