OCC skin in the game down by nearly a third
Hike in capital expenditures and tax payments drives decrease
The Options Clearing Corporation recorded a 31% drop in its own contributions to the default fund in the second quarter, bringing the central counterparty (CCP)’s skin in the game (SITG) to its lowest point since 2020.
An OCC spokesperson attributed the drop to “additional Q2 capital expenditures, and OCC making federal and state estimated tax payments”.
SITG slated to be used before clearing
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