.jpg)
In April 2008, the value of assets under custody on behalf of customers rose to € 10.7 trillion, a 4 percent rise from April 2007 (€ 10.2 trillion). Securities held under custody in Clearstream’s international business experienced a rise of 6 percent from € 4.6 to € 4.9 trillion and domestic German securities held under custody rose by 3 percent from € 5.6 trillion to € 5.8 trillion.
Settlement transactions increased by 2 percent in April 2008 to 9.13 million, compared to 8.97 million transactions in April 2007.
International transactions declined to 2.47 million, 4 percent less than in April 2007 (2.59 million) due to the ongoing decline in the number of stock exchange transactions. 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, transactions reached 6.66 million, 4 percent more than in April 2007 (6.38 million) mainly due to a 13 percent increase in the number of OTC transactions. Of these transactions, 65 percent were stock exchange transactions and 35 percent OTC transactions.
For Global Securities Financing (GSF) services, monthly average outstandings exceeded € 400 billion for the first time and reached a record high of € 402.10 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 30 percent over April 2007 (€ 310.10 billion).
In the Investment Funds services, 419,311 transactions were processed, a 7 percent decrease over April 2007 (452,695).
Reminder: As of January 2008, Clearstream has implemented new statistical reporting methods for assets under custody and the number of transactions processed. The advantages of this new statistical reporting are a better correlation between the business figures and the company’s revenues, increased transparency, alignment with market practice as well as a faster delivery of the monthly reporting.
Under the new method, assets under custody of fixed income securities will be reported in nominal value. Previously, they were reported in market value. The reporting of all other securities’ assets under custody in market value will remain unchanged. Settlement transaction reporting will be aligned with current billing practices and will use billable transactions to customers for international as well as domestic markets.
Previous years figures have been restated according to the new definitions. The restatement has no influence on the company’s revenues.
The new statistical reporting has no effect on the way GSF is reported. Investment Fund services statistics are transaction driven and have therefore changed.
