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Options Clearing Corporation

Acronym: OCC

General Information

Identification Code: 344388839679-33
Website: http://www.theocc.com
Entity Form: Corporate entity (clearing organization operating under the jurisdiction of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission)
Registration Category: Companies & groups
Registration Date: 9/21/2020
Last Update: 11/8/2023

Mission & Interests

Goals: Founded in 1973, OCC is the largest clearing organisation in the world for equity derivatives. Operating under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), OCC issues and clears U.S.-listed options and futures on a number of underlying financial assets including common stocks, currencies and stock indexes. OCC’s clearing membership consists of approximately 100 of the largest U.S. broker-dealers, U.S. futures commission merchants and non-U.S. securities firms representing both professional traders and public customers. OCC provides clearing services for options, financial and commodity futures, and securities lending transactions. OCC primarily services clearing members established in the US, although it does also provide services to clearing members from Canada. The OCC is recognised in Europe as a Tier 1 third-country CCP.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
  • Banking and financial services
Levels of Interest:
  • national

Activities

Main EU Legislative Proposals: 1. European Market Infrastructure Regulation (the Regulation on OTC derivative transactions, central counterparties (CCPs) and trade repositories) (Regulation 648/2012); and the CRD IV Directive (2013/36/EU). 2. European Regulation on CCP Recovery and Resolution and Level 2 RTSs and Guidance.
Communication Activities: Participated in public consultation on EMIR 2.2 Level 2 RTSs and Guidance and CCPRRR Level 2 RTSs and Guidance and CCPRRR through the World Federation of Exchanges and CCP. Global.
Inter-institutional or Unofficial Groupings: N/A

Head Office

Address: 125 S. Franklin Street, Suite 1200
Post Code: 60606
City: Chicago
Country: UNITED STATES
Phone:
Indic Phone: 1
Phone Number: 3123226200

EU Office

Address: 1201 F Street, NW
Post Code: 20004
City: Washington, DC
Country: UNITED STATES
Phone:
Indic Phone: 1
Phone Number: 2029717232

Financial Data

Closed Year:
Start Date:
End Date:
Funding Sources:
    Contributions:
      Total Budget: 0
      Grants:
        Current Year:
        Grants:

          Membership Information

          Members10 Percent: 2
          Members: 2
          Members F T E: 0.20000000298023224
          Info Members: In the last fiscal year, two (2) OCC employee spent approximately 10% of their working time on covered activities.

          Structure

          Structure Type: Structure
          Is Member Of: OCC does not have any member organizations.
          Organisation Members: OCC is a member of the following associations, networks and other bodies: - Future Industry Association (FIA) - International Swaps & Derivatives Association (ISDA) - Securities Industry and Financial Markets Association (SIFMA) - Financial Services Sector Coordinating Council (FSSCC) - World Federation of Exchanges (WFE) - CCP Global - International Organization of Securities Commission (IOSCO) - National Association of Corporate Directors

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