A clearing corporation owned jointly by the exchanges dealing in listed options OCC is the central or main clearing corporation for listed options Options traded on any SEC-regulated exchange can be settled through OCC
Organization equally owned by the exchanges through which the various options exchanges clear their trades Some of OCC's responsibilities are supervising the listing of options, issuing and guaranteeing option transactions, processing the money transactions, and the assignment of option exercises to writers The OCC also issues an options prospectus that outlines the rules and risks of trading options