OCC sees back-to-back new loan activity fall
04 February 2020 Chicago
Image: Shutterstock
The Options Clearing Corporation (OCC) cleared its highest total contract volume last month but continues to see decreased activity in new securities lending activity.
OCC says its securities lending central counterparty (CCP) activity decreased by 6.56 percent year-on-year in new loans for January, with 107,395 transactions recorded.
Meanwhile, the Chicago-based equity derivatives CCP also saw its average daily securities loan value for January hit $81.21 billion, a 17.88 percent increase compared to January 2019.
Elsewhere, OCC’s total cleared contract volume for January was 521.73 million contracts, which it says is the industry’s highest-ever volume for January and third-highest month overall.
The highest month was October 2018 with 567.83 million cleared contracts, followed by August 2011 with 554.84 million in cleared contract volume.
OCC says its securities lending central counterparty (CCP) activity decreased by 6.56 percent year-on-year in new loans for January, with 107,395 transactions recorded.
Meanwhile, the Chicago-based equity derivatives CCP also saw its average daily securities loan value for January hit $81.21 billion, a 17.88 percent increase compared to January 2019.
Elsewhere, OCC’s total cleared contract volume for January was 521.73 million contracts, which it says is the industry’s highest-ever volume for January and third-highest month overall.
The highest month was October 2018 with 567.83 million cleared contracts, followed by August 2011 with 554.84 million in cleared contract volume.
← Previous industry article
IHS Markit hails “industry milestone” of $25tn lendable assets data coverage
IHS Markit hails “industry milestone” of $25tn lendable assets data coverage
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
