Options Corp Gets Nod for Safer Collateral and Risk Fixes
Published Date: 4/10/2026
Notice
Summary
The Options Clearing Corporation (OCC) just got the green light to update what kinds of collateral it accepts and to beef up protections against risky situations where things could go wrong together. This change helps keep the financial system safer for everyone involved, especially OCC’s Clearing Members, and starts rolling out soon with no extra costs reported. Basically, it’s a smarter, safer way to handle money and risk in the options market!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
OCC Stops Accepting Two Collateral Types
OCC will no longer accept letters of credit and government‑sponsored entity (GSE) debt securities as margin collateral. OCC noted that no Clearing Member has pledged GSE debt securities since July 11, 2023, and that no letters of credit remain on deposit; OCC says removing these collateral types will reduce testing for its Ovation system and lower operational costs without changing current collateral amounts.
More Margin for Certain Crypto ETP Positions
OCC will extend its specific wrong‑way risk (SWWR) add‑on so Clearing Members with positions in spot cryptocurrency exchange‑traded products (ETPs) for which the Clearing Member or its affiliate is the custodian must post additional margin. OCC stated that, at filing, only one Clearing Member has an affiliate that is a custodian for a spot cryptocurrency ETP.
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