A Cornerstone Of The Industry
OCC's three-tiered backup system guarantees performance for all of the products we clear. This system of safeguards consists of rigorous initial and ongoing membership standards, prudent margin requirements and a substantial clearing fund.
During unexpected events that affect and challenge the derivatives markets, OCC has proven its stability and quality service to the industry. Our disaster recovery capabilities, our technologically advanced data center and our expert risk management programs, along with our focus on customers, enable OCC to provide reliable service at all times.
As the marketplace evolves, so do our clearing capabilities. Although we began as a clearinghouse for listed equity options, we have grown into a globally recognized entity that clears a multitude of diverse and sophisticated products. OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC). Under its SEC jurisdiction, OCC clears transactions for put and call options on common stocks and other equity issues, stock indexes, foreign currencies, interest rate composites and single-stock futures. As a registered Derivatives Clearing Organization (DCO) under CFTC jurisdiction, we offer clearing and settlement services for transactions in futures and options on futures.
Overseeing OCC is a clearing member dominated board of directors. OCC operates as an industry utility and receives most of its revenue from clearing fees charged to its members. We offer volume discounts on fees and, as applicable, refund excess fees to our clearing members.