What is the OCC?
?The Options Clearing Corporation (OCC) is an organization set up to act as both the issuer and guarantor for option and futures contracts. OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC).
Under its SEC jurisdiction, the OCC clears transactions for put and call options, stock indexes, foreign currencies, interest rate composites and single-stock futures.?
To learn more about OCC:
OCC, U.S. Options Exchanges Adopt New Pre- and Post-Trade Risk Control Principles
OCC Becomes First To Clear OTC Equity Index Options
OCC Successfully Launches Clearing OTC S&P 500 Equity Index Options