Depository Trust & Clearing Corporation (DTCC) subsidiaries National Securities Clearing Corporation (NSCC) and Depository Trust Company (DTC) will process exchange-traded fund (ETF) shares while Options Clearing Corporation (OCC) will clear associated options.
Financial market infrastructure provider DTCC has expanded its central clearing capabilities to accommodate options-based ETFs, according to a press release. NSCC will not clear the options itself but will facilitate the transfer of positions The move allows its subsidiaries, the NSCC and the DTC, to process ETF shares that include listed options as underlying components through connectivity with the OCC. DTCC stated that the framework enables ETF shares and other DTC-eli