Clearstream: In October 2008, due to a decline in equities’ markets, the value of assets under custody held on behalf of customers decreased by 2 percent to € 10.6 trillion compared to € 10.9 trillion in October 2007. Securities held under custody in Clearstream’s international business experienced a rise of 9 percent from € 5.0 to € 5.4 trillion and domestic German securities held under custody decreased by 12 percent from € 5.9 trillion to € 5.2 trillion.
International settlement transactions grew year-on-year with a 5 percent increase (3.21 million) compared to October 2007 (3.05 million). International Over the Counter (OTC) transactions grew by 22 percent from 1.90 million to 2.32 million in October 2008, including international OTC bond transactions that grew by 45 percent from 1.12 million to 1.62 million. Of all international transactions, 72 percent were OTC transactions and 28 percent were registered as stock exchange transactions.
On the German domestic market, settlement transactions reached 9.75 million, 28 percent more than in October 2007 (7.61 million). Domestic stock exchange transactions grew by 31 percent from 5.24 million to 6.86 million. Of all domestic transactions, 70 percent were stock exchange transactions and 30 percent OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings reached a new record high of € 426.3 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 24 percent over October 2007 (€ 343.6 billion).
In the Investment Funds services, 509,498 transactions were processed, a 17 percent decrease over October 2007 (613,869) as a result of reduced transactions in European domiciled investment funds.
