Clearstream Experienced Further Growth In Its Business Streams In November 2005

Clearstream's core business areas saw further growth during November with the number of monthly international transactions processed rising 22 percent at 1.84 million (November 2004: 1.51 million). Of these transactions, 80 percent are Over the Counter (OTC) transactions and 20 percent are registered as stock exchange transactions. Domestic settlement transactions in Germany increased 1 percent reaching 2.89 million compared to 2.85 million for the same period last year. The ratio for domestic settlement transactions was 67 percent stock exchange transactions compared to 33 percent OTC transactions.

The value of assets held under custody on behalf of customers rose to EUR 8.68 trillion, a 14 percent rise from November 2004 when it stood at EUR 7.58 trillion. Securities held under custody in Clearstream's international business experienced a rise of 20 percent from 3.26 trillion to 3.91 trillion. On the domestic German business, securities held under custody rose by 10 percent from 4.32 trillion to 4.77 trillion.

Growth was also strong within the Global Securities Financing services business with monthly average outstandings reaching a historical high at EUR 210.1 billion. The combined services, which include tripartite repo, collateral management and securities lending, collectively experienced a rise of 48 percent from the same month last year (November 2004: EUR 142.3 billion).

Vestima+, the investment funds service, also reached record level with 239,801 transactions processed, a 60 percent rise in the year over November 2004 (149,822).