Federal Register #SR-OCC-2026-801

OCC Seeks Services for $1 Billion Commercial Paper Program Establishment

This opportunity concerns the Options Clearing Corporation (OCC) seeking to establish a $1 billion Commercial Paper Program, as announced by the Securities and Exchange Commission (SEC): - Government Buyer: - Securities and Exchange Commission (SEC) - Options Clearing Corporation (OCC) as the program sponsor and central counterparty - OEMs and Vendors: - The Depository Trust Company (DTC) is named as the registration entity for the notes - No other specific OEMs or vendors are identified; OCC will engage an issuing and paying agent, and placement agent dealers - Products/Services Requested: - Establishment and management of a Commercial Paper Program for OCC - Issuance of unsecured, interest-bearing debt notes (Commercial Paper) up to $1 billion - Notes to be placed privately with institutional investors - Notes will have maturities not exceeding 180 days and will be staggered to avoid concentration of maturing liabilities - Registration of notes in the name of DTC or its nominee - Engagement of financial services for program structuring, placement, and management - Unique or Notable Requirements: - The program is designed to diversify OCC's liquidity resources and replace a portion of its non-bank liquidity facility commitments - Notes will not allow early redemption, extension, renewal, automatic rollover, or voluntary prepayment - The program is structured to minimize interest rate risk - The SEC is soliciting public comments on this advance notice

Description

The Options Clearing Corporation (OCC) filed an advance notice with the Securities and Exchange Commission (SEC) to establish a Commercial Paper Program as part of its liquidity plan to meet settlement obligations. The program involves issuing unsecured debt notes up to $1 billion through private placement to institutional investors. The notes will be interest-bearing, have maturities not exceeding 180 days, and will be staggered to avoid concentration of maturing liabilities. The program aims to diversify OCC's liquidity resources and replace a portion of existing liquidity facilities.

View original listing