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Options Clearing Corporation


Options Clearing Corporation (OCC).

The Options Clearing Corporation issues all exchange-listed securities options in the United States and guarantees all transactions in those options.

The OCC also assigns exercised options for fulfillment, and handles the processing, delivery, and settlement of all options transactions.

The OCC is responsible for maintaining a fair and orderly market in options and is overseen by the Securities and Exchange Commission (SEC). It's jointly owned by the exchanges that trade options.

For an overview of what you should know about options trading, you can check the OCC publication, "Characteristics and Risks of Standardized Options."

References in periodicals archive ?
Kvedaras says studies of his material stream have found that OCC and other types of paper account for 1.
On September 16, 2004, the OCC served upon Respondent (1) a Notice of Charges for Issuance of an Order to Cease and Desist and Notice of Assessment of a Civil Monetary Penalty ("Notice") against Respondent based on his conduct while employed at the Bank.
In 1986 the OCC asked the AICPA banking committee to help select a representative sample of banks across the country to participate in a pilot program for improving communication and cooperation between bank external auditors and bank examiners.
Captain Younis Murad picked up all the five wickets to fall of OCC Mabella.
The agreement calls for the OCC and each state's insurance department to forward information relating to the complaint as soon as practical, and calls for the "confidentiality of all information.
NAR asked Congress to urge the Comptroller to reconsider the December 2005 rulings and to direct the OCC to take no further future actions that may result in the expansion of banks powers to engage in real estate development.
The next Friday, August 21 OCC Muscat meets OCC Seeb.
A visitor to either paper making compound will find substantial acreage devoted to the storage of baled OCC (and smaller amounts of mixed paper and other grades).
The OCC has authority to issue a nal decision with respect to this requested relief.
To uphold the National Bank Act and ensure the maintenance of a level playing field among state-chartered corporations with respect to all permitted banking activities, NAR is asking the court to reverse the decision of the OCC.
Two containerboard mills in Mexico (one in Monterrey and one in Durango) run entirely or pre-dominantly on the OCC grade, while a mill in Veracruz produces printing and writing papers using a combination of old newspapers (ONP), sorted office paper, sorted white ledger and manifold white ledger.
Schwab was required to submit a CRA plan in connection with its charter application to the OCC, Bank's appropriate federal financial supervisory agency, and the OCC took the CRA plan into account in granting preliminary charter approval for Bank.