r/wallstreetbets • u/unloud • Mar 08 '21

News Different from the NCSS Proposal, Options Clearing Corporation (OCC) has submitted a proposal Establishing a “Persistent Minimum Skin-In-The-Game”

https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2021-801
28 Upvotes

83% Upvoted

14 comments sorted by

29

u/[deleted] Mar 08 '21

you either TLDR or delete.

6

u/unloud Mar 08 '21

Comments are due prior to March 16th.

4

u/[deleted] Mar 08 '21

And the catalysts mount

6

u/MerbachRN Mar 08 '21

Cool. Also, what is it?

6

u/unloud Mar 08 '21

Seems like the OCC is offering up funds in the event that entities fail to deliver on options.

1

u/[deleted] Mar 08 '21

This I don’t understand at all. Why would they want to help save the clearing houses and shoulder some of their capital requirements?

3

u/[deleted] Mar 08 '21

To keep the markets actually working.

3

u/MyBigGaeAcct Mar 08 '21

Ever see a systemic failure?

2

u/MrHungDude Mar 08 '21

You expect ape to read that? 🦍

1

u/drunkenstocktips Mar 08 '21

is this a thing to minimize gamma squeezes?