OCC records high stock loan activity
02 August 2016 Chicago
Image: Shutterstock
Options Clearing Corporation’s (OCC) year-to-date stock loan activity is up 41 percent from 2015, with more than 1.9 million new loan transactions so far in 2016.
The average daily loan value cleared by OCC in July was almost $150 billion. The CCP recorded $1.45 billion in June.
OCC’s new loan activity was also high last month, beating July 2015 by 24 percent with 143,994 transactions.
Total cleared contract volume in July reached more than 317 million contracts, although this was down 18 percent from July 2015’s volume of more than 385 million contracts.
OCC’s year-to-date average daily cleared contract volume is up 3 percent with more than 16.6 million contracts so far in 2016.
The average daily loan value cleared by OCC in July was almost $150 billion. The CCP recorded $1.45 billion in June.
OCC’s new loan activity was also high last month, beating July 2015 by 24 percent with 143,994 transactions.
Total cleared contract volume in July reached more than 317 million contracts, although this was down 18 percent from July 2015’s volume of more than 385 million contracts.
OCC’s year-to-date average daily cleared contract volume is up 3 percent with more than 16.6 million contracts so far in 2016.
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