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Options Clearing Corporation (OCC)

Options Clearing Corporation (OCC) definition - business

Options Clearing Corporation (OCC)

An organization established in 1972 to process and guarantee the transactions in options that take place on the organized exchanges. The OCC substitutes its own credit for that of the parties undertaking the options transactions.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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