SIE Exam Question 771: Answer and Explanation

Question: 771

Which of the following is the world's largest equity derivatives clearing organization? By acting as guarantor, they ensure that the obligations of the contracts that they clear are fulfilled.

• A. AMBAC
• B. NASDAQ
• C. NSCC
• D. OCC

Correct Answer: D

Explanation:

The OCC (Options Clearing Corporation) is the world's largest equity derivatives clearing organization. By acting as guarantor, they ensure that the obligations of the contracts that they clear are fulfilled.