In January 2009, the value of assets under custody held on behalf of customers registered a 5 percent decrease to €10.0 trillion (January 2008: €10.5 trillion), primarily due to lower equity market valuations. Securities held under custody in Clearstream’s international business experienced a rise of 8 percent from €4.9 to €5.3 trillion while domestic German securities held under custody decreased by 16 percent from €5.6 trillion to €4.7 trillion.
International settlement transactions decreased by 19 percent to 2.37 million compared to January 2008 (2.91 million). International Over the Counter(OTC) bond transactions grew by 23 percent from 1.11 million to 1.36 million in January 2009. Of all international transactions, 76 percent were OTC transactions and 24 percent were registered as stock exchange transactions. On the German domestic market, settlement transactions reached 5.46 million, 35 percent less than in January 2008 (8.45 million). Of these transactions, 62 percent were stock exchange transactions and 38 percent OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings reached €434.3 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 18 percent over January 2008 (€367.0 billion).
In the Investment Funds services, 353,644 transactions were processed, a 26 percent decrease over January 2008 (619,052) as a result of reduced European investment funds transactions.
