EFTA Document EFTA01353445

agreements with OCC, settlement is effected pursuant to the rules of those clearing corporations, and OCC has no further responsibility to either the exercising holder or the assigned writer. In a few cases-which usually occur because an underlying equity security is no longer eligible for clearance through a stock clearing corporation-set- tlements calling for the delivery of that security are made directly between Clearing Members. OCC's rules provide protect procedures for exercise se