OCC securities lending volume dips in August
02 September 2020 Chicago
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US equity derivatives clearinghouse Options Clearing Corporation recorded a 10.5 percent year-on-year decrease in average daily loan value for August.
Average daily loan value was $68.73 billion last month.
Activity through OCC’s securities lending central counterparty also dropped by 4.3 percent in new loans last month, compared to the same period a year prior.
August saw 106,592 securities lending transactions executed.
The dip in securities lending activity in August marks the end of a several-month streak of year-on-year growth.
Before August, the Chicago-based CCP had seen continuous improvement in securities lending loan volumes and activity, compared the relevant period in 2019, since January.
Meanwhile, OCC reported that its total cleared contract volume for August was 615.97 million contracts – the third-highest month on record and up 28.7 percent from August 2019.
This also represents the highest August monthly volume in OCC’s history.
Year-to-date average daily cleared contract volume through August was 28.46 million contracts, up 44.7 percent from the same period last year.
Average daily loan value was $68.73 billion last month.
Activity through OCC’s securities lending central counterparty also dropped by 4.3 percent in new loans last month, compared to the same period a year prior.
August saw 106,592 securities lending transactions executed.
The dip in securities lending activity in August marks the end of a several-month streak of year-on-year growth.
Before August, the Chicago-based CCP had seen continuous improvement in securities lending loan volumes and activity, compared the relevant period in 2019, since January.
Meanwhile, OCC reported that its total cleared contract volume for August was 615.97 million contracts – the third-highest month on record and up 28.7 percent from August 2019.
This also represents the highest August monthly volume in OCC’s history.
Year-to-date average daily cleared contract volume through August was 28.46 million contracts, up 44.7 percent from the same period last year.
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