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OCC Publishes Quantitative Disclosure in Accordance with CPMI-IOSCO's Public Quantitative Standards for Central Counterparties

January 06, 2016
Chicago -

Demonstrating its commitment to transparency as the foundation for secure markets, OCC, the world's largest equity derivatives clearing organization, today announced that its quantitative disclosure regarding the Principles for Financial Market Infrastructures has been published and made available on the company's website in accordance with the Committee on Payments and Market Infrastructures and the Board of the International Organization of Securities Commissions' "Public Quantitative Disclosure Standards for Central Counterparties." This is OCC's initial publication of the disclosure as global central counterparties begin sharing their risk framework and quantified financial resources with market participants.

Michael McClain, OCC President and Chief Operating Officer, said, "Serving as the foundation for secure markets, OCC embraces its leadership role to serve industry participants by providing transparency related to its financial resiliency."

"Given the critical role central counterparties such as OCC play in providing confidence to financial markets, we believe it is important that market participants have the necessary information about the resources and system of safeguards that stand behind our financial guarantee," added John Fennell, OCC Executive Vice President, Financial Risk Management.

The disclosure will be updated quarterly and can be found here.

Additional questions pertaining to the disclosure may be directed to PFMIdisclosures@theocc.com.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 (investorservices@theocc.com).