Chicago, Ill (PRWEB) May 02, 2014
OCC announced today that its 2012 annual report won top honors taking the Gold for the best annual report at the 2014 FCS Portfolio Awards presented by the Financial Communications Society in New York City on May 1, 2014.
The 2012 annual report, “The Foundation for Secure Markets,” outlines the ways in which OCC provided firm footing, stability and integrity for the derivatives markets by managing unseen risk with the strongest safeguards in the business—a central counterparty role and three-tiered system of backups.
“What a tremendous honor for OCC’s annual report to be recognized by the Financial Communications Society for the second year in a row,” said Craig Donohue, Chairman of OCC. “The award is a source of great pride for the company as it acknowledges the annual report, which represents the dedication and talent of our employees who contribute to OCC’s success in clearing and risk management.”
The report was written and edited by OCC's Corporate Communications department; designed by O'Connor Design in Glen Ellyn, IL; and printed by Lake County Press in Waukegan, IL.
The 2012 Annual Report is available on OCC’s website at: http://www.theocc.com/components/docs/about/annual-reports/occ_2012_annual_report.pdf
OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 17 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. More information about OCC is available at http://www.theocc.com.