OCC says its securities lending average daily loan value in February was $80.71 billion, a 15.5 percent increase compared to February 2019.
However, despite the average daily loan value rising, OCC's securities lending central counterparty activity has decreased by 7.83 percent in new loans from February 2019 with 97,696 transactions last month.
The Chicago-based equity derivatives clearing organisation cleared a total contract volume of 568.9 million contracts - up 60.7 percent from February 2019 volume and beating the previous record of cleared contracts set in October 2018 by 0.19 percent.
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