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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (145479)	1/23/2002 10:55:26 AM
From: LLCF	Read Replies (1) \| Respond to of 436258

You know Grace it's my understanding that OCC doesn't even keep track of who your counterparty is, if you excercise a call for example the other side [assignee] is randomly picked. When a clearing house defaults the 'other side' of the trade doesn't come into play, it's come after OCC or no one... otherwise people in the pitts would have to worry about who they were trading with, which is NOT the case. I was on the AMEX in '87 and never heard anything about an OCC backing problem. DAK