User acknowledges that it has reviewed the User Agreement and the Privacy Policy governing this site, and that continued use constitutes acceptance of the terms and conditions stated therein.

PFMI Disclosures

In accordance with best-practice guidance issued by the Committee on Payments and Market Infrastructures and the Board of the International Organization of Securities Commissions (CPMI-IOSCO), OCC publishes disclosures concerning CPMI-IOSCO's Principles for Financial Market Infrastructures (PFMI). These disclosures demonstrate OCC's commitment to transparency with regard to OCC's governance, risk management, and operations. They are intended to provide relevant information regarding the risks OCC faces as a central counterparty. Inquiries regarding either disclosure may be directed to

Disclosure Framework

The disclosure framework is a narrative discussion constituting OCC's response to the PFMI. The framework is updated on an as-needed basis, but not less than every two years.

Quantitative Disclosure

The quantitative disclosure is a complement to the narrative disclosure, and is also based on the PFMI. Data in the quantitative disclosure include the value of financial resources, transaction volumes, and operating metrics. The data is published on a quarterly basis with a quarter time lag.