SIE Exam Practice Question 771
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.
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.
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