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Growth Continues For Clearstream's Global Securities Financing Services

Date 24/09/2004

Clearstream announced at the 9th Global Securities Financing Summit that the growth of its business in this sector continued to rise. Clearstream's Tripartite Repo service experienced daily outstandings surpassing the EUR 81.36 billion in August 2004 and average outstandings in the same month are now 37.3% higher than the same period last year, with a peak of EUR 143 billion in June. Additionally, Clearstream's Tripartite services continue to be 'top rated' by Global Custodian Magazine's annual survey.

Clearstream is currently hosting the 9th Global Securities Financing Summit in Luxembourg and attendance has surpassed all previous records. The annual conference has been attended by more than 520 securities industry professionals. The gathering is established as the premier annual opportunity for the securities industry calendar, attracting the world's largest gathering of fixed income repo and collateral traders, treasury managers and money market professionals. At this year's Summit, the agenda included the 'Central Banks and Regulators Forum' which enabled representatives from central banks, market supervisory bodies and the market to discuss the importance of competition in the post-trade markets.

Volker Potthoff, Managing Director, Banking & Custody Business at Clearstream stated, "Our Global Securities Financing services continue to lead the industry in terms of volume growth and quality of services. Deutsche Börse Group sees further growth opportunities in Tripartite Repo and Collateral Management products and therefore we will particularly invest in this area to attract the fixed income traders. This specialist sector is where we can add real value in terms of services to our customers and in product innovation to create further liquidity in the market. Additionally, we are very pleased to see how the market views our annual Summit as it continues to grow in depth and importance each year."