CHICAGO, Ill, May 26, 2015 (GLOBE NEWSWIRE) -- via PRWEB - OCC, the world's largest equity derivatives clearing organization, today commented on the reaffirmation of its AA+/Stable rating by Standard & Poor's.
"We're pleased with the reaffirmation of our AA+/Stable rating by Standard & Poor's. The report reflects the outstanding work by the management and employees of OCC to strengthen the resiliency, risk management and capitalization of our company," said Craig Donohue, Executive Chairman. "As a SIFMU, we understand the importance of continued vigilance and internal oversight in order to strengthen our role as the foundation for secure markets.
"The work we are doing on regulatory remediation and improving our capital position is very positive for OCC. We will continue to enhance our resiliency, strengthen market protections, and deliver efficiencies for all market participants."
Citing in its report the critical function OCC has in the U.S. capital markets, Standard & Poor's said, "The stable rating outlook incorporates our expectation that Options Clearing Corp. (OCC) will maintain its cautious risk appetite and preserve the sound quality of its financial safeguards."
In June 2013 OCC received an AA+/Stable rating by S&P.
About OCC
OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) as a Registered Clearing Agency, and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 16 exchanges and trading platforms for options, financial futures, security futures and securities lending transactions. More information about OCC is available at http://www.theocc.com
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