OCC’s securities lending activity down for November
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OCC’s securities lending activity down for November 04 December 2019Chicago Reporter: Maddie Saghir
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The Options Clearing Company (OCC) saw its securities lending central counterparty (CCP) activity decreased by 18 percent in new loans from November 2018 with 92,138 transactions last month.
The Chicago-based equity derivatives clearinghouse saw year-to-date stock loan activity decreased 5.4 percent from 2018 with 1,198,977 new loan transactions in 2019, OCC revealed.
Meanwhile, the average daily loan value at OCC in November was $77.64 billion a decrease of 2.5 percent compared to the same period last year.
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