Options Clearing Entity
Definition
Options Clearing Entity. An entity which is responsible for clearing transactions for put and call options on common stocks and other equity issues, stock indexes, foreign currencies, interest rate composites and single-stock futures.
e.g. Options Clearing Corporation (US). In Canada the equivalent is In the US, the Options Clearing Corporation defines defaults e.g. lot sizes. This applies to equity options, index options, flex options, yield based options and short dated options. It does not apply to other types of option. Its roles are: 1. Clearing 2. Advocate for sound business practice. Similar to regulator though not officially one. Has a role in risk management Full list from OCC website: OCC clears transactions for put and call options on common stocks and other equity issues, stock indexes, foreign currencies, interest rate composites and single-stock futures
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/DER/ExchangeTradedDerivatives/ExchangeTradedOptions/index-en.html + |
