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Industry news

OCC sees 16 percent rise in new loans


02 October 2014 Chicago
Reporter: Mark Dugdale

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Image: Shutterstock
OCC's securities lending central counterparty saw 101,800 transactions last month, with 16 percent in new loans over September 2013.

Year-to-date stock loan activity is down 8 percent from 2013 with 887,740 new loan transactions in 2014.

The average daily loan value at OCC in September was $156,863,064,081.

OCC’s total cleared contract volume in September reached 371,034,038 contracts, a 15 percent increase from the September 2013 volume of 321,604,328 contracts.

Its average daily cleared volume for the month was 17,668,288 contracts, a 10 percent increase from September 2013.

OCC’s year-to-date total cleared contract volume is up 2 percent in the first three quarters of 2014 with 3,174,169,243 contracts.
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