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OCC securities lending falls 18%

03 June 2014

Clearinghouse had significant fall in new loans in May compared to same period last year

Read more: OCC securities lending CCP

Cleared securities lending activity on the OCC dropped 18% in May compared to the same period in 2013.

The clearinghouse processed 99,782 new loans during the month, compared to 113,388 new loans during May last year.

Year-to-date stock loan activity is down 8% from 2013 with 485,722 new loan transactions in 2014.

The OCC's entire cleared business, which covers options and futures in addition to securities lending, was also down 18% in May compared to the same period in 2013.

However year-to-date activity for the business was 1% higher than the previous year with 1,789,079,351 transactions executed since the start of 2014.

OCC’s year-to-date average daily contract volume is up 2% at 17,369,702 contracts.

Options trading fell 18% in May from the same month last year, although it was up 1% year to date. Futures clearing was down 16% from May 2013 but year to date it is up 18%.

Two beneficial owners recently debated the topic of using CCPs in securities lending at the Euroclear conference

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