It's better to have and not need

Securities Lending Times -

OCC's EVP of Financial Risk Management, John Fennell, discusses 2016 updates to the credit facility OCC established with CalPERS, the largest U.S. pension fund, in 2015. The credit facility was created to increase OCC's liquidity resources as well as diversify them to include non-banks. This forward thinking approach set the standard for this model in the industry and as it is a mutually beneficial relationship with the pension fund, OCC anticipates others to follow.

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