OCC default fund up 19% in Q3

Hypothetical stress losses behind latest spike in member contributions

The Options Clearing Corporation (OCC) reported a 19% spike in its default fund in the third quarter, taking the reserve to its largest size in more than five years.

The jump was driven primarily by member contributions, which rose $2.6 billion or 19% to $16.4 billion. The central counterparty (CCP)’s own capital increased by $33.6 million to $147.9 million.

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