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Industry news

OCC sees 8 percent increase in new loans


03 January 2014 Chicago
Reporter: Daniel Jackson

Generic business image for news article
Image: Shutterstock
OCC's securities lending central counterparty (CCP) activities saw an 8 percent increase in new loans from December 2012 with 93,274 transactions last month.

Stock loan activity in 2013 was up 26 percent from 2012 with 1,233,708 new loan transactions in 2013, marking the highest annual volume for stock loan activity to date. The average daily loan value at OCC in December was $72,489,182,819.

OCC cleared contract volume reached 4,170,855,768 contracts in 2013, up 3 percent from the 2012 annual volume.

OCC ended the year with cleared contract volume reaching 325,905,926 contracts in December, up 3 percent from the December 2012 volume of 317,190,974 contracts.

2013 marks the second highest year for OCC cleared contract volume to date, just 430,100,181 contracts behind the 2011 record volume of 4.6 billion contracts. OCC also reported a record year for futures and stock loan activity in 2013.

Exchange-listed options volume passed 4 billion contracts for the third consecutive year reaching 4,111,275,659 contracts in 2013, a 3 percent increase from the 2012 volume of 4,003,871,308 contracts. Total options volume for the month of December was 320,209,356 contracts, up 2 percent from December 2012. OCC cleared an average of 16,314,586 options contracts per day in 2013.

Futures cleared by OCC reached 59,580,109 contracts in 2013, up 56 percent from 2012 and the highest annual volume for OCC cleared futures contracts to date. Total OCC cleared futures volume in December was 5,696,570 contracts, a 22 percent increase from December 2012. OCC cleared an average of 236,429 futures contracts per day in 2013.
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