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Options Clearing Corporation |
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Options Clearing CorporationIn the US, the OCC is the body which clears options transactions. Founded in 1973, OCC is the largest clearing organisation in the world for financial derivatives instruments. Operating under the jurisdiction of the Securities and Exchange Commission, OCC is the issuer and registered clearing facility for all US exchange-listed securities options. OCC issues put and call options on several types of underlying assets including common stocks and other equity issues, stock indexes, foreign currencies and interest rate composites. URL: http://www.optionsclearing.comSimilar MatchesPrivate Export Funding Corporation (PEFCO)Private Export Funding Corporation (PEFCO)Company that mobilizes private capital for financing the export of big-ticket items by US firms by purchasing at fixed interest rates the medium- to long-term debt obligations of importers of US products. Eleemosynary CorporationEleemosynary CorporationA corporation created for charitable purposes. There are tax advantages accorded to such corporations. The corporation may operate the same as a profit making corporation. Commonly called a nonprofit corporation. Corporation taxCorporation taxA tax payable by a company on its profits. The full rate is 30%, but there is a lower rate for small companies. Section 352 of the Income and Corporation Taxes Act 1988Section 352 of the Income and Corporation Taxes Act 1988See 'certificate of deduction of tax'. Articles of incorporationArticles of incorporationIn the US, the document which the founders of a corporation submit to the relevant state for approval after which a certificate of incorporation is issued. These two documents form the corporation's charter which endorses its legality. Information listed in the charter includes the name of the corporation, purpose, number of authorised shares and details of directors. The rules under which the corporation's internal management operates are listed in the bylaws. Further SuggestionsMultinational corporationInstinet (Institutional Networks Corporation) Resolution Trust Corporation (RTC) Securities Industry Automation Corporation closely held corporation S Corporation Pension Benefit Guaranty Corporation Resolution Funding Corporation (RefCorp) Corporation Transnational corporation Affiliated corporation National Association of Investors Corporation Commodity Credit Corporation Mortgage Backed Securities Clearing Corporation (MBSCC) Federal Deposit Insurance Corporation Closed corporation Federal Deposit Insurance Corporation (fdic) Domestic International Sales Corporation Federal Agricultural Mortgage Corporation (Farmer Mac) Controlled foreign corporation (CFC) Foreign Sales Corporation Security Industry Automated Corporation (SIAC) Pension Benefit Guaranty Corporation (PBGC) Possessions corporation Clearing corporations |
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