SIE Exam Question 328: Answer and Explanation

Question: 328

Which of the following organizations guarantees the performance of standardized options contracts?

• A. CBOE
• B. OCC
• C. SEC
• D. FINRA

Correct Answer: B

Explanation:

B - The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing house. As a clearinghouse, the OCC also acts as guarantor, ensuring that the obligations of the contracts it clears are fulfilled.