Explore
Close
Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy..

OCC AA+/Stable Rating Reaffirmed By S&P

December 21, 2018
Chicago -

OCC, the world's largest equity derivatives clearing organization, today commented on the reaffirmation of its AA+/Stable rating by Standard & Poor's , which was published on Thursday, December 20.

"S&P's reaffirmation of OCC's AA+/Stable rating is very satisfying," said John Davidson, OCC President and Chief Operating Officer. "S&P has acknowledged the steps we've taken this year as a systemically important financial market utility to continue to deliver operational excellence to the users of the U.S. equity options and futures markets. Additionally, we have strong working relationships with our clearing firms and exchange partners, and a talented workforce. We have cleared over 5 billion contracts in 2018, an industry record, and did so while improving our methodologies and technological capabilities."

In its report, S&P lists OCC's outlook as stable because of the "expectation that the company's recently approved financial safeguard framework and the implementation of minimum cash clearing fund requirements will continue to provide substantial protection against member default, from both a loss-absorbing and liquidity standpoint, in extreme but plausible market conditions."

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).