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Global Securities Finance News and Commentary.

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OCC

OCC is a cost-efficient, customer-driven organization that delivers world-class risk management, clearing and settlement services to the listed options market. Our role as a Systemically Important Financial Market Utility (SIFMU) is critical to providing financial stability for market participants, investors and the economy.

OCC’s financial guarantee and central counterparty role extends beyond listed options to over-the-counter options, financial and commodity futures, security futures, and securities lending. Through The Options Industry Council, OCC provides unbiased educational content to investors and market participants to promote responsible use and growth of listed equity options.

OCC’s role as a trusted market utility is built upon its commitment to excellence in risk management and the strength of its financial guarantee. OCC’s three-tiered system of financial safeguards includes margin requirements, a clearing fund, and rigorous membership standards. This system allows OCC to provide stability during times of unexpected events in the derivatives markets.

OCC News

Industry

OCC welcomes MIAX Sapphire as newest participant exchange

The move enables OCC to provide clearing and settlement services to 21 exchanges and trading platforms, the firm says

Industry

OCC average daily loan value up 23% YoY in July

Total securities lending transaction volumes increased by 30.87 per cent YoY to 247,572 transactions for July

Repo

CFR reassess central clearing for repos in Australia

Currently, there is no central counterparty that clears transactions in the Australian bond and repo markets, and so clearing occurs bilaterally

Regulation

ESAs establish cyber crisis management framework

The EU systemic cyber incident coordination framework aims to facilitate an effective financial sector response to a cross-border ICT incident

OCC Features

Asian lending on a global basis

Look offshore to maximise your lending potential, say MUTB’s Global Securities Lending Solutions team Paul Collard, James Aris and Reshad Mullboccus

Securities lending CCP services: redesigning the model

Matt Wolfe, executive director, clearing systems at OCC, explains the evolution of the company’s CCP services for stock loan transactions and the benefits anticipated from DLT-based upgrades to its Market Loan Program

Trading and technology

Fran Garritt, the RMA’s director of global markets risk and securities lending, interviews Charles Schwab’s Eric Lytle and OCC’s Matt Wolfe about how institutions can ease the adoption of new platforms and products and achieve a downward sloping cost curve for the securities lending industry

Modernising the securities lending infrastructure

OCC has set out a vision to establish a permissioned distributed ledger network for cleared securities lending transactions

OCC Interviews

OCC

Oberon Knapp

Oberon Knapp, head of securities finance at OCC, explores the organisation with Justin Lawson, delving into the core of its operations and the value proposition of its lending programmes and upcoming platform for the market

OCC

Oberon Knapp

OCC’s Oberon Knapp reveals key developments within OCC’s securities lending strategy, and how the organisation is incorporating new technologies to re-architect and modernise its core systems

OCC

Scot Warren

The Options Clearing Corporation’s Scot Warren sits down with SLT to talk the Renaissance (no not that one), the approval of the CCP’s capital management policy and the potential for changes to collateral rules

OCC

Matt Wolfe

OCC’s Matt Wolfe explains why working together is in the best interest for everyone as it is important to ensure stability and market integrity while enabling innovation