The agency responsible for guaranteeing performance on options is the ___________.
A) Canadian Derivatives Clearing Corporation (CDCC)
B) Canadian Payments Association (CPA)
C) Canadian Deposit Insurance Corporation (CDIC)
D) Investment Funds Institute of Canada (IFIC)
E) Montreal Exchange (ME)

Question

Quizplus · Accepted Answer

The Canadian Derivatives Clearing Corporation (CDCC) is responsible for guaranteeing performance on options. The CDCC acts as a central counterparty for all transactions, ensuring that all parties fulfill their contractual obligations.

The Agency Responsible for Guaranteeing Performance on Options Is the ___________