.jpg)
In October 2009, the value of assets under custody held on behalf of customers registered an increase for the eight consecutive month and stood at €10.6 trillion. It is also, the first time in 2009 that the value of assets under custody reaches the same level as the same month a year ago October 2008 (€10.6 trillion). Compared to October 2008, securities held under custody in Clearstream’s international business experienced a rise of 1 percent from € 5.4 to €5.5 trillion while domestic German securities held under custody decreased by 1 percent from € 5.2 trillion to €5.1 trillion.
International settlement transactions decreased by 10 percent (2.89 million) compared to October 2008 (3.21 million). International over the counter (OTC) bond transactions dropped by 2 percent from 1.62 million in October 2008 to 1.59 million in October 2009. Of all international transactions, 74 percent were OTC transactions and 26 percent were registered as stock exchange transactions. However, October 2008 was a record month in the number of transactions following the financial market turmoil after Lehman Brothers’ default. On the German domestic market, settlement transactions reached 6.60 million, 32 percent less than in October 2008 (9.75 million). Of these transactions, 67 percent were stock exchange transactions and 33 percent OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstanding broke the €500 billion mark standing at a record €519.1 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 22 percent over October 2008 (€426.4 billion).
In the Investment Funds services, 368,343 transactions were processed, a 28 percent decrease over October 2008 (509,498) as a result of reduced European investment funds transactions.
