
As we can see, the GCM and DCM have a direct relationship with
the clearing house. The DCM can only clear business of an affiliated
company who is a NCM of Eurex whereas the GCM can clear busi-
ness for any NCM.
Customers can have a relationship with the GCM, DCM, an affiliated
NCM of the DCM or any NCM of the exchange.
The Options Clearing Corporation (OCC)
Options Clearing Corporation is the largest clearing organisation in
the world for options and was the first clearing house to receive
an AAA rating from Standard & Poor’s Corporation. Operating under
the jurisdiction of the Securities and Exchange Commission (SEC) ...