OCC named clearing house of the year
December 6, 2018
Songquan Deng?Shutterstock

OCC, the world's largest equity derivatives clearing organization,  has been named the 2018 "Clearing House of the Year - The Americas" by FOW Magazine. The announcement took place on December 4 at the FOW International Award gala dinner in London, which honored achievements that have supported the advancement of the global derivatives industry.

Said Craig Donohue, OCC Executive Chairman and CEO: "As a leading central counterparty, we work hard every day to provide stability and market integrity in the exchange-listed options industry. This recognition by FOW highlights the dedication and commitment of the entire OCC team to delivering effective and efficient clearing, settlement and risk management services to market participants and the greater public interest."

OCC says its achievements in 2018 include receiving regulatory approval for a new Financial Safeguards Framework (FSF). The FSF includes a new "Cover Two" approach that exceeds US regulatory standards and better aligns with other systemically important derivative clearing houses, and a new risk-based allocation on clearing fund contribution requirements that improves transparency and incentivizes clearing members to reduce margin risk, and which allowed OCC to return over US$3 billion in capital efficiencies to clearing firms.

OCC has also cleared record contract volumes in the US exchange-listed options industry. In October, OCC cleared a record volume for a single month of more than 567 million contracts.





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OCC, the world's largest equity derivatives clearing organization,  has been named the 2018 "Clearing House of the Year - The Americas" by FOW Magazine. The announcement took place on December 4 at the FOW International Award gala dinner in London, which honored achievements that have supported the advancement of the global derivatives industry.

Said Craig Donohue, OCC Executive Chairman and CEO: "As a leading central counterparty, we work hard every day to provide stability and market integrity in the exchange-listed options industry. This recognition by FOW highlights the dedication and commitment of the entire OCC team to delivering effective and efficient clearing, settlement and risk management services to market participants and the greater public interest."

OCC says its achievements in 2018 include receiving regulatory approval for a new Financial Safeguards Framework (FSF). The FSF includes a new "Cover Two" approach that exceeds US regulatory standards and better aligns with other systemically important derivative clearing houses, and a new risk-based allocation on clearing fund contribution requirements that improves transparency and incentivizes clearing members to reduce margin risk, and which allowed OCC to return over US$3 billion in capital efficiencies to clearing firms.

OCC has also cleared record contract volumes in the US exchange-listed options industry. In October, OCC cleared a record volume for a single month of more than 567 million contracts.



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