OCC’s securities lending average daily loan value up 75% YoY

OCC’s securities lending central counterparty (CCP) activity increased by 54.3 per cent in new loans from September 2020 with 170,991 transactions last month.

The average daily loan value at OCC in September 2021 was US$127,662,406,277, an increase of 74.5 percent compared to last September.

According to OCC, total cleared contract volume last month reached 816,942,764 contracts, a 21.8 per cent increase compared to last year, making it the highest September on record.

The equity derivatives clearing organisation has reported a year-to-date average daily cleared contract volume of 38,846,212 contracts, a rise of 34.6 per cent compared to last year.

Meanwhile, futures cleared contract volume reached 5,483,859 last month, a 29.3 per cent increase compared to September 2020. OCC's year-to-date average daily cleared futures volume is 232,709 contracts.

The total exchange-listed options cleared contract volume was 811,458,905, up 21.7 per cent compared with last year, the report says.

Equity options cleared contract volume reached a total of 763,992,378 contracts, rising 20.7 per cent since the previous September.

This includes exchange-traded funds options volume of 241,270,297 contracts last month, a 10.3 per cent increase compared to September 2020.