{"abstract":null,"action":"the Hedge Program and the Market Loan Program. Under both Stock Loan Programs, OCC becomes the lender to the borrower and the borrower to the lender, thereby guaranteeing the return of the full value of cash collateral to the Borrowing Clearing Member and the return of the Loaned Stock (or value of that Loaned Stock) to the Lending Clearing Member. Under the Market Loan Program, OCC also offers certain additional guarantees, discussed in more detail below, with respect to other payment obligations arising from the stock loan transactions (e.g., dividend equivalent payments and rebate payments). As a result of OCC's novation of cleared stock loan transactions, the rights and obligations of the Borrowing and Lending Clearing Members are thereafter governed by OCC's By-Laws and Rules.\\5\\ OCC's By-Laws and Rules also provide for, among other things, how Clearing Members initiate Stock Loans at OCC, how those Stock Loans are recorded in OCC's books and records, how returns and recalls are processed, and risk management procedures specific to Stock Loans in the event that OCC suspends one of the Clearing Member counterparties.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2024/09/10/2024-20329.html","cfr_references":[],"citation":"89 FR 73466","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":null,"disposition_notes":null,"docket_ids":["Release No. 34-100930","File No. SR-OCC-2024-011"],"dockets":[],"document_number":"2024-20329","effective_on":null,"end_page":73485,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2024/09/10/2024-20329.xml","html_url":"https://www.federalregister.gov/documents/2024/09/10/2024-20329/self-regulatory-organizations-the-options-clearing-corporation-notice-of-filing-of-proposed-rule","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2024-20329?publication_date=2024-09-10","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2024-09-10/2024-20329/mods.xml","not_received_for_publication":null,"page_length":20,"page_views":{"count":306,"last_updated":"2026-04-04 02:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-09-10/pdf/2024-20329.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-20329.pdf?1725885926","publication_date":"2024-09-10","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2024/09/10/2024-20329.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"SEC","document_id":"SEC-2024-1262-0001","checked_regulationsdotgov_at":"2024-09-11T12:00:20Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":73466,"subtype":null,"title":"Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Proposed Rule Change, as Modified by Partial Amendment No. 1, by The Options Clearing Corporation Concerning Its Stock Loan Programs","toc_doc":"The Options Clearing Corp.","toc_subject":"Self-Regulatory Organizations; Proposed Rule Changes:\n","topics":[],"type":"Notice","volume":89}