OCC, the world's largest equity derivatives clearing organization said today it was named Clearinghouse of the Year by Global Investor/ISF Magazine. The award was presented to OCC on June 30th in London as part of the publication's celebration of its 30th anniversary.
"This award is tremendous recognition of the value the OCC team brings to financial markets and the broader economy," said OCC Executive Chairman Craig Donohue. "We take great pride in promoting stability by offering world class efficiencies in our delivery of clearance and settlement services, and risk management practices, to market participants. The strength of our financial resiliency program is further designed to protect the public interest by ensuring that OCC has the resources necessary to serve as the foundation for secure markets even during times of market stress.
"I speak for the entire OCC team when I say we are honored to receive this award, and we thank the judging panel for this recognition."
Global Investor/ISF was launched in 1985 and connects the industries of asset management, asset servicing, and securities finance. It is a flagship title of Euromoney Institutional Investor plc.