About: Options Clearing Corporation

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An Entity of Type : yago:WikicatFinancialServicesCompaniesOfTheUnitedStates, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
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Options Clearing Corporation (OCC) is a United States clearing house based in Chicago. It specializes in equity derivatives clearing, providing central counterparty (CCP) clearing and settlement services to 16 exchanges. Started by Wayne Luthringshausen and carried on by Michael Cahill. Its instruments include options, financial and commodity futures, security futures and securities lending transactions. OCC is overseen by a clearing member dominated board of directors and operates as a financial market utility, receiving most of its revenue from clearing fees charged to its members.

Attributes	Values
rdf:type	Thing company schema:BankOrCreditUnion schema:Organization dul:Agent dul:SocialPerson agent wikidata:Q24229398 Organization Business enterprise yago:WikicatCompaniesEstablishedIn1973 yago:Abstraction100002137 yago:Company108058098 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity bank organisation yago:SocialGroup107950920 yago:WikicatFinancialServicesCompaniesOfTheUnitedStates
rdfs:label	Options Clearing Corporation (en)
rdfs:comment	Options Clearing Corporation (OCC) is a United States clearing house based in Chicago. It specializes in equity derivatives clearing, providing central counterparty (CCP) clearing and settlement services to 16 exchanges. Started by Wayne Luthringshausen and carried on by Michael Cahill. Its instruments include options, financial and commodity futures, security futures and securities lending transactions. OCC is overseen by a clearing member dominated board of directors and operates as a financial market utility, receiving most of its revenue from clearing fees charged to its members. (en)
foaf:name	Options Clearing Corporation (en)
foaf:homepage	http://www.theocc.com
name	Options Clearing Corporation (en)
foaf:depiction
location	Chicago
dcterms:subject	Financial services companies established in 1973 Companies based in Chicago 1973 establishments in Illinois Financial services companies of the United States Securities clearing and depository institutions
Wikipage page ID	5624702 (xsd:integer)
Wikipage revision ID	1117372946 (xsd:integer)
Link from a Wikipage to another Wikipage	Financial services companies established in 1973 NYSE Arca Commodity Futures Trading Commission Chicago Board Options Exchange Option (finance) OneChicago, LLC NYSE American Credit risk Equity derivative Companies based in Chicago Board of directors Clearing house (finance) Common stock Futures contract 1973 establishments in Illinois Broker-dealer Over-the-counter (finance) Financial services companies of the United States Chicago Financial services Dodd Frank Act Index (economics) Securities clearing and depository institutions Office of the Comptroller of the Currency Central Counterparty Clearing Margin (finance) Settlement (finance) European Market Infrastructure Regulation Systemically important financial market utility Securities market participants (United States) Securities lending BOX Options Exchange Crain's magazine Clearing (financial) Securities and Exchange Commission
Link from a Wikipage to an external page	http://www.theocc.com
sameAs	Options Clearing Corporation Options Clearing Corporation Options Clearing Corporation Options Clearing Corporation Options Clearing Corporation Options Clearing Corporation
dbp:wikiPageUsesTemplate	dbt:Authority_control dbt:Citation_needed dbt:Hatnote dbt:Infobox_company dbt:Official_website dbt:Reflist dbt:Short_description dbt:Start_date dbt:Update dbt:World_Federation_of_Exchanges
thumbnail	wiki-commons:Special:FilePath/Options_Clearing_Corporation_logo.svg?width=300
date	October 2022 (en)
homepage	http://www.theocc.com
industry	Financial services
location	Chicago, Illinois, U.S. (en)
logo	Options Clearing Corporation logo.svg (en)
products	Clearing house (finance), Equity derivatives clearing (en)
reason	Information regarding its activities 2017-onwards is not present (en)
has abstract	Options Clearing Corporation (OCC) is a United States clearing house based in Chicago. It specializes in equity derivatives clearing, providing central counterparty (CCP) clearing and settlement services to 16 exchanges. Started by Wayne Luthringshausen and carried on by Michael Cahill. Its instruments include options, financial and commodity futures, security futures and securities lending transactions. Like all clearing houses, the OCC acts as guarantor between clearing parties, ensuring that the obligations of the contracts it clears are fulfilled. It currently holds approximately $100 billion of collateral deposited by clearing members and moves billions of dollars a day. In 2011, OCC became the largest equity derivatives clearing organization in the United States. Furthermore, in 2016, it cleared contract volume totaled 4.17 billion making it the fifth highest annual total in OCC's history. OCC currently operates under the jurisdiction of both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Under its SEC jurisdiction, OCC clears transactions for put and call options on common stock and other equity issues, stock indexes, foreign currencies, interest rate composites and single-stock futures. As a registered Derivatives Clearing Organization (DCO) under CFTC jurisdiction and a designated Systemically Important Financial Market Utility (SIFMU) under the Dodd-Frank Act, OCC offers clearing and settlement services for transactions in futures and options on futures contracts. OCC is overseen by a clearing member dominated board of directors and operates as a financial market utility, receiving most of its revenue from clearing fees charged to its members. (en)
gold:hypernym	United
schema:sameAs	Options Clearing Corporation

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