As a systemically important financial market utility, OCC helps to ensure confidence in the financial markets and the broader economy.
A World Class Clearing Organization
OCC, founded in 1973, is the world’s largest equity derivatives clearing organization. OCC is dedicated to promoting stability and financial integrity in the marketplaces that it serves by focusing on sound risk management principles. By acting as guarantor, OCC ensures that the obligations of the contracts it clears are fulfilled.
As the marketplace evolves, so do the clearing capabilities at OCC. Although OCC began as a 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. As a registered clearing agency under SEC jurisdiction, OCC clears transactions for exchange-listed options, security futures and OTC options. As a registered derivatives clearing organization under CFTC jurisdiction, OCC offers clearing and settlement services for transactions in futures and options on futures. OCC also provides central counterparty clearing and settlement services for securities lending transactions. In addition, OCC has been designated as a “systemically important” financial market utility under Title VIII of the Dodd-Frank Act.
We ensure confidence in the financial markets and broader economy.
We promote stability and market integrity through effective and efficient clearance settlement and risk management services while providing thought leadership and education to market participants and the public about the prudent use of products we clear.
We take pride in our collaborative workplace – a workplace that fosters respect for each other’s views and perceptions in order to achieve better outcomes. We’re bound together by values and behaviors that shape the way we work and live, from team projects to after-hours events and to making a difference in our communities. OCC colleagues thrive in an atmosphere of intellectual curiosity, creative problem-solving and effective interaction.