Approval of OCC Proposal Relating to Stock Loan Programs

SEC Release No. 34-64196

April 6, 2011

The SEC approved a rule proposal by the Options Clearing Corporation that seeks to provide clarification regarding the regulatory capital treatment under Exchange Act Rule 15c3-1 of collateral and margin posted by clearing members participating in stock loan transactions through OCC's Stock Loan/Hedge Program or Market Loan Program. The OCC program allows firms to submit broker-to-broker stock loan transactions to OCC for clearance.

Cross References

SEC Release No. 34-63623 (proposal)

Exchange Act Rule 15c3-1