OCC default fund drops $5bn under new approach

The Options Clearing Corporation (OCC) lopped 36% off its clearing fund requirement in the third quarter, following the introduction of a new methodology for sizing its default resources.

Clearing members’ mandatory contributions to the default fund stood at $9.5 billion at end-September, down from $14.8 billion at end-June, and are now at their lowest level since the third quarter of 2017. It made for a second consecutive quarterly reduction in the amount of required contributions, which

To continue reading...

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: