Definitions for "Options Clearing Corporation"
Keywords:  occ, guarantor, issuer, jointly, clear
OCC. The organization that handles clearing of the options trades for the various...
A registered clearing agency whose shares are owned by the exchanges that trade listed equity options, OCC is an intermediary between option buyers and sellers. OCC issues and guarantees all listed option contracts.
Applies to derivative products. Financial institution that is the actual issuer and guarantor of all listed option contracts.