OCC on the hook for $4bn if member defaults

Clearing house’s liquidity resources hit $7.9 billion in Q1

The Options Clearing Corporation would have had to fork out $4.02 billion in a single day to cover payments if a single member defaulted in Q1.

The estimated peak same-day payment obligation was 32% larger than that guessed for Q4 2018. The Q1 estimate was the ninth-largest since public disclosure began in Q3 2015. 

The OCC had $7.9 billion of liquid resources on hand in Q1 to meet payments.

The largest estimated payment obligation posted by the OCC dates back to Q1 2017 and was $5.75 billion

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