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  3. OCC average daily loan value up 10.9% YoY for December
Industry news

OCC average daily loan value up 10.9% YoY for December


03 January 2025 US
Reporter: Daniel Tison

Generic business image for news article
Image: Tharshan/stock.adobe.com
The Options Clearing Corporation (OCC) has recorded a 10.9 per cent year-on-year (YoY) rise in average daily loan value for securities lending trades, generating US$179.1 billion for December.

Total securities lending transactions cleared on the OCC platform climbed 29.9 per cent YoY to 276,761 for the same month.

The total volume for all futures and options cleared through the equity derivatives clearing organisation increased 20.3 per cent YoY to 1.1 billion contracts.

OCC experienced a 29.5 per cent YoY hike in equity options contracts for the month to 611.4 million, while index options contracts grew 6.1 per cent YoY to 85.6 million.

ETF options contracts cleared on OCC were up by 11.5 per cent YoY for December to 400.4 million, and cleared futures contracts increased 11.3 per cent YoY to 4.4 million.

From an annual perspective, OCC reports a 21.12 per cent rise in average daily loan value for securities lending trades — from US$137.3 billion in 2023 to US$166.3 billion in 2024.

The total number of transactions grew by 18.4 per cent to 2.9 million in 2024 compared to the previous year.

In terms of futures and options, the total volume increased 10.6 per cent YoY to 12.2 billion contracts.

The largest change was observed in equity options which rose by 16.1 per cent YoY to 6.5 billion contracts, followed by index options that grew 8.9 per cent YoY to 1 billion contracts.

ETF options contracts cleared on OCC were up by 4.1 per cent YoY for 2024 to 4.6 billion, and cleared futures contracts increased 7.7 per cent YoY to 60.1 million.
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