In February the value of assets under custody on behalf of customers rose to €10.5 trillion, a 6 percent rise from February 2007 (€ 10.0 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 5 percent from € 5.4 trillion to €5.7 trillion.
In February 2.46 million international transactions were processed, a decrease of 14 percent over February 2007 (2.86 million). Of these transactions, 73 percent were Over the Counter (OTC) transactions and 27 percent were registered as stock exchange transactions. The decrease over February 2007 was mainly due to a reduction in international stock exchange transactions.
On the German Domestic market, transactions reached 6.76 million, in line with February 2007 (6.69 million). Of these transactions 67 percent were stock exchange transactions and 33 percent OTC transactions.
For the Global Securities Financing (GSF) services, monthly average outstandings reached a record high at € 390.00 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of over 23% percent over February 2007 (€ 316.50 billion).
In the Investment Funds services, business decreased to 449.776 processed transactions, a 15 percent drop over February 2007 (529.401).
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 effect on the way GSF is reported.
Investment Fund services statistics are transaction driven and have therefore changed.
Core business figures (New reporting method)
February 2008
February 2007
Settlement transactions (in millions)
OTC
1.79
1.64
Stock Exchange
0.66
1.22
International
2.46
2.86
OTC
2.22
2.18
Stock Exchange
4.54
4.51
Domestic
6.76
6.69
Total
9.21
9.55
Assets under custody (in € trillion)
Total
10.54
9.98
International
4.86
4.59
Domestic
5.68
5.39
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 5 percent from € 5.4 trillion to €5.7 trillion.
In February 2.46 million international transactions were processed, a decrease of 14 percent over February 2007 (2.86 million). Of these transactions, 73 percent were Over the Counter (OTC) transactions and 27 percent were registered as stock exchange transactions. The decrease over February 2007 was mainly due to a reduction in international stock exchange transactions.
On the German Domestic market, transactions reached 6.76 million, in line with February 2007 (6.69 million). Of these transactions 67 percent were stock exchange transactions and 33 percent OTC transactions.
For the Global Securities Financing (GSF) services, monthly average outstandings reached a record high at € 390.00 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of over 23% percent over February 2007 (€ 316.50 billion).
In the Investment Funds services, business decreased to 449.776 processed transactions, a 15 percent drop over February 2007 (529.401).
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 effect on the way GSF is reported.
Investment Fund services statistics are transaction driven and have therefore changed.
Core business figures (New reporting method)
February 2008
February 2007
Settlement transactions (in millions)
OTC
1.79
1.64
Stock Exchange
0.66
1.22
International
2.46
2.86
OTC
2.22
2.18
Stock Exchange
4.54
4.51
Domestic
6.76
6.69
Total
9.21
9.55
Assets under custody (in € trillion)
Total
10.54
9.98
International
4.86
4.59
Domestic
5.68
5.39
