Delivery Processing SSF’s

All OCX.NoDivRisk and OCX.Original products are physically delivered futures where all open shorts at the close of business on expiration day will deliver stock and all long open interest will pay for the delivered stock. The actual delivery process occurs through the National Securities Clearing Corporation (“NSCC”), the central counterparty clearing house for all US equities and the related Depository Trust Company (DTC) where the actual settlement occurs. The Options Clearing Corporation (“OCC”) and the NSCC guarantee delivery and payment of all OneChicago physically settled futures.

All OCX.NoDivRisk Weekly products settle to stock on a T + 1 basis, meaning the stock delivery and payment occur on the first business day after expiration. All OCX.NoDivRisk monthly expirations and all OCX.Original products settle to stock on a T + 3 basis, meaning the stock delivery and payment occur on the third business following expiration.

The Depository Trust & Clearing Corporation (DTCC) www.dtcc.com

The Options Clearing Corporation (OCC) www.theocc.com

T+1 Settlement

t1_flowchart

T+3 Settlement

t3_flowchart

 





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