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OCC Proposes Default Fund Changes Amid Concentration Risks

11/30/2025

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Summary

Story summary

The Options Clearing Corporation (OCC) processes more than 70 million contracts daily.
The top five firms contribute nearly half of OCC's default fund.
Executives warn dependence on a few major banks creates concentration risk if one bank fails.
OCC proposes changes to its default fund allocation to reflect market risks as calls for greater competition and capacity in options clearing grow amid a fragmented regulatory landscape.

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Story summary

The Options Clearing Corporation (OCC) processes more than 70 million contracts daily.
The top five firms contribute nearly half of OCC's default fund.
Executives warn dependence on a few major banks creates concentration risk if one bank fails.
OCC proposes changes to its default fund allocation to reflect market risks as calls for greater competition and capacity in options clearing grow amid a fragmented regulatory landscape.