OCC’s securities lending activity continues to rise
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OCC’s securities lending activity continues to rise 05 August 2020Chicago Reporter: Natalie Turner
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The Options Clearing Corporation’s (OCC) securities lending central counterparty (CCP) activity for July increased by 2.8 percent year-on-year in new loans with 117,997 transactions last month.
The average daily loan value at OCC in July was $65.96 billion, a 9.7 percent decrease compared to July 2019.
Overall, the Chicago-based equity derivatives organisation saw July’s total cleared contract volume hit more than 615 million contracts – the third-highest month on record and up 52.5 percent from July 2019.
This represented a year-to-date average daily cleared contract volume through July was 28.34 million contracts, up 46.4 percent from July 2019.
Equity options volume was 582.32 million contracts, up 62.8 percent from July 2019.
The clearing corporation saw July as its third-highest month on record and highest July to date.
Last month, the OCC revealed that three trading days in June landed within the top-five trading days on record, with 11 June clearing 48 million contracts – the second-highest cleared contract volume day in OCC’s history.
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