OCC sees an increase in securities lending
03 April 2020 Chicago
Image: Shutterstock
The Options Clearing Corporation (OCC) has seen back-to-back record-breaking months of US equity options, with securities lending also on the rise.
Its total cleared contract volume was 670.6 million contracts in March, up 62.8 percent from the same period a year earlier.
This exceeds the previous record of 568.9 million cleared contracts set the month prior.
For OCC’s securities lending central clearing business, the average daily loan value last month was $76.17 billion, a 2 percent increase compared to March 2019.
New loan activity also increased by 4 percent year-on-year with 122,267 transactions recorded last month.
The monthly increase marks the end of a period of decline in lending activity that OCC had reported in opening months of the year.
Its total cleared contract volume was 670.6 million contracts in March, up 62.8 percent from the same period a year earlier.
This exceeds the previous record of 568.9 million cleared contracts set the month prior.
For OCC’s securities lending central clearing business, the average daily loan value last month was $76.17 billion, a 2 percent increase compared to March 2019.
New loan activity also increased by 4 percent year-on-year with 122,267 transactions recorded last month.
The monthly increase marks the end of a period of decline in lending activity that OCC had reported in opening months of the year.
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