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Clearing and settlement



Bonds

2008
2007
- turnover, nominal amount
30,929 bn
26,609 bn
- turnover, market value
25,642 bn
23,064 bn


Shares
2008
2007
- turnover, nominal amount
891 bn
841 bn
- turnover, market value
5,060 bn
5,438 bn


Trade transactions
2008
2007
- bonds
1.4 m
1.4 m
- shares
17.2 m
15.1 m

The calculation of VP’s turnover is an expression of the nominal value of the securities holdings that were transferred from one account to another in VP’s book-entry system during the year. Such transfers relate not only to securities trades, but also to securities that have been transferred, e.g. in connection with repo-based lending schemes or collateralisations.

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