OCC sees securities lending activity increase YoY for January
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OCC sees securities lending activity increase YoY for January 03 February 2021US Reporter: Natalie Turner
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Options Clearing Corporation’s (OCC) securities lending counterparty (CCP) activity saw its average daily loan value for January 2021 increase 30.8 per cent compared with the first month of 2020, hitting $106.2 billion.
New loan volumes also increased year-on-year in January, with 112,448 transactions representing a 4.7 per cent uptick.
The world’s largest equity derivatives clearing organisation revealed that total cleared contracts volume for January 2021 was 843.5 million contracts, the highest month on record and up 61.7 percent from January 2020.
OCC’s year-to-date average daily cleared contract volume through January was 44.3 million contracts, up 78.7 per cent from January 2020.
Another record was achieved with January bringing OCC’s highest volume on record for US equity options. Equity options cleared contract volume was 800.2 million contracts, up 69.6 per cent from January 2020.
This includes exchange-traded funds option cleared contract volume of 216.8 million, a 21.1 per cent increase compared to January 2020.
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