OCC clearers due $47m refund
29 March 2017 Chicago
Image: Shutterstock
OCC has confirmed that its next instalment of refunds and dividends will delivered later this year.
Clearing members are due a refund of approximately $46.6 million, while a dividend of roughly $25.6 million will go to stockholder exchanges.
The clearinghouse clarified that these payments would be made 鈥渟ometime in the third quarter of 2017鈥�.
OCC executive chair and CEO Craig Donohue said: "These actions taken under our approved capital plan are consistent with the operative fee, refund, and dividend policies approved by the US 麻豆传媒 and Exchange Commission and align with regulatory expectations.鈥�
鈥淭his also ensures OCC has the amount of capital needed to comply with existing and proposed capital requirements.鈥�
Clearing members are due a refund of approximately $46.6 million, while a dividend of roughly $25.6 million will go to stockholder exchanges.
The clearinghouse clarified that these payments would be made 鈥渟ometime in the third quarter of 2017鈥�.
OCC executive chair and CEO Craig Donohue said: "These actions taken under our approved capital plan are consistent with the operative fee, refund, and dividend policies approved by the US 麻豆传媒 and Exchange Commission and align with regulatory expectations.鈥�
鈥淭his also ensures OCC has the amount of capital needed to comply with existing and proposed capital requirements.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
