As the marketplace evolves, so do clearing capabilities at OCC. Although OCC began as an independent clearinghouse for listed equity options, it has grown into a globally recognized entity that clears a multitude of diverse and sophisticated products. OCC operates under the jurisdiction of both the SEC and the CFTC. Under its SEC jurisdiction, OCC clears transactions for options and security futures. As a registered derivatives clearing organization under CFTC jurisdiction, we offer clearing and settlement services for transactions in futures and options on futures.
OCC protects the integrity of its financial markets by delivering world-class risk management, clearing and settlement services for options, futures and stock loan financial transactions. In its role as guarantor and central counterparty, OCC ensures that the obligations of the contracts it clears are fulfilled. Through a novation process, OCC becomes the buyer for every seller and the seller for every buyer, protecting our members from counterparty risk.
OCC is dedicated to promoting stability and financial integrity in the marketplaces it serves by focusing on sound risk management principles, including rigorous initial and ongoing membership standards, prudent margin requirements and a substantial $3.5 billion clearing or guarantee fund.
OCC's mission is to provide innovative and reliable financial, operational and information services to its clearing members. Its systems facilitate fulfillment of margin and settlement obligations and improve the effectiveness of back-office operations. By providing a variety of services and maintaining the highest standard of customer service, OCC makes the clearing process efficient, reliable and secure.