NSCC and OCC to enhance co-operation on large cash calls

New deal would improve management of options expiries, but will stop short of cross-margining


Two major equities clearing houses are working on an agreement that would see them better communicate on member exposures, to avoid calling too much cash at the same time.

The updated agreement between the Options Clearing Corporation (OCC) and the National Securities Clearing Corporation (NSCC) aims to reduce the risk of an unnecessary liquidity squeeze that could trigger member defaults.

This goal would be achieved by enhanced information-sharing between the two central counterparties (CCPs)

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here