The document outlines the settlement procedures for foreign currency options exercises through the facilities of the Options Clearing Corporation (OCC). It details the process for settling exercises, including the role of OCC's correspondent banks and the potential involvement of The Intermarket Clearing Corporation. It also discusses the responsibilities of investors and brokerage firms in the settlement process.
documents/vol00010-efta01353435-pdf.pdf
{"document_type":"financial","key_locations":["United States"],"document_subtype":"settlement procedures","key_organizations":["Options Clearing Corporation (OCC)","The Intermarket Clearing Corporation"]}