All rise for OCC 02 August 2013Chicago Reporter: Mark Dugdale
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OCC’s clear contract volume increased 6 percent in July as securities lending activity rose 53 percent.
Its total cleared contract volume in July reached 328,899,421 contracts, representing a 6 percent increase from the July 2012 volume of 309,599,417 contracts.
Securities lending central counterparty activities saw a 53 percent increase in new loans from July 2012 with 123,108 transactions last month.
Year-to-date stock loan activity is up 31 percent from 2012 with 761,628 new loan transactions in 2013. The average daily loan value at OCC in July was $56,104,353,820.
OCC's year-to-date total contract volume is up 3 percent with 2,471,194,347 contracts in 2013.
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