On behalf of our colleagues in Chicago, Dallas and Washington, D.C., we are pleased to share our 2021 Annual Report. Inside you’ll read about the efforts and investments we’ve made to transform the way we approach our responsibilities and to enhance our financial and operational resiliency. We’re proud of the collective accomplishments we’ve achieved while working together with our participant exchanges and clearing member firms, evidenced by Risk Magazine recently honoring us as its 2022 Clearing House of the Year. A letter from our Executive Chairman Craig Donohue details our progress over the past several years as well as how we’re continuing to move the industry forward.
OCC cleared a record-setting 9.93 Billion total contracts in 2021, almost double the amount cleared in 2019. Our infrastructure handled extreme volumes and volatility well while colleagues continued to work from home throughout the pandemic. A letter from our CEO John Davidson and COO Scot Warren provides an overview of the many enhancements OCC has made to enable our continued functioning as the foundation for secure markets, as well as our plans for the Renaissance Initiative in the next couple years. Additionally, OCC’s CFO Amy Shelly outlines in her letter our continued focus on expense discipline and financial risk management in a year of unprecedented volume, allowing us to lower costs for market participants. Read the entire report at annualreport.theocc.com.