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OCC Declares Clearing Member Refund and Dividend for 2016

March 28, 2017
Chicago -

OCC, the world's largest equity derivatives clearing organization, today announced the declaration of a refund and dividend under its approved capital plan. The refund of approximately $46.6 million to clearing members and the dividend of approximately $25.6 million to Stockholder Exchanges will be paid sometime in the third quarter of 2017.

OCC Executive Chairman and CEO, Craig Donohue, said, "These actions taken under our approved capital plan are consistent with the operative fee, refund, and dividend policies approved by the SEC and align with regulatory expectations. This also ensures OCC has the amount of capital needed to comply with existing and proposed capital requirements."

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