Securities Lending: OCC’s securities lending CCP activity in November 2015 was up 27 percent in new loans from November 2014 with 119,384 transactions. Year-to-date stock loan activity is up 16 percent from 2014 with 1,261,608 new loan transactions in 2015. The average daily loan value cleared by OCC in November was $166,531,568,414.
Options Clearing Corp Nov 2015 seclending transactions grow, ADV shrinks
The FT suggests that collateral transformations amount to regulatory arbitrage
Non-cleared margin rules will have serious knock-on effects to securities financing markets