OCC’s securities lending CCP activity was down 9 percent in new loans from February 2014 with 97,356 transactions last month. Year-to-date stock loan activity is up 4 percent from 2014 with 203,122 new loan transactions in 2015. The average daily loan value cleared by OCC in February was $165,142,278,709.
DataLend: securities lending top 10 earning equities – March 2, 2015
As banks figure out how to allocate capital and liquidity expenses, the cost of clearing swaps is going a lot higher….