Welcome to

YOUR FUTURE STARTS HERE.

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WELCOME TO OCC!

3 WELCOME TO OCC!

4 WHAT WE DO

6 WHO WE SERVE

7 OUR LOCATIONS

8 OUR HISTORY

10 OUR ORGANIZATION STRUCTURE

11 OUR LEADERSHIP

12 OUR CULTURE

13 OUR VALUES

14 TOTAL REWARDS/YOUR BENEFITS

16 TALENT DEVELOPMENT

17 EMPLOYEE CHARITY PROGRAM

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You are joining a team of talented colleagues who are dedicated, hard-working and focused on building OCC into a more resilient, more efficient company that is well-positioned to serve market participants and help the U.S. listed options industry grow.

It is an exciting time to be at OCC. By leading and embracing change, we are building a more collaborative and high-performing organization. Our purpose, values and behaviors provide a path for how we should do business every day. They explain why we exist and who we are as a company, how we intend to fulfill our purpose and how we should always do the right thing for market participants.

We have a long track record of success, and we owe this to the high caliber of our team. OCC plays a critical role as a market utility and industry advocate in the U.S. financial markets, and our colleagues should be proud of that. Your expertise and commitment to excellence will help OCC grow and continue to serve in its role as a foundation for secure markets.

The information contained in this brochure will help you prepare for your first days as an employee. Again, welcome to OCC and I wish you continued success in your career.

Craig S. Donohue Executive Chairman and CEO

WELCOME TO OCC!

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WHAT WE DO

As the foundation for secure markets, OCC is a cost-efficient, customer-driven organization that delivers world-class risk management, clearing and settlement services to the listed options market. Our role as a Systemically Important Financial Market Utility (SIFMU) is critical to providing financial stability for market participants, investors and the economy. Today, our financial guarantee and central counterparty role extends beyond listed options to over-the-counter options, financial and commodity futures, security futures and securities lending. OCC also promotes continued education of the listed options markets through The Options Industry Council (OIC).

Stock Loan• Equities

Futures• Volatility Futures • Single Stock Futures • Stock Index Futures • Energy Futures • Interest Rate Futures

Standard Options• Equity Options • ETF Options • Equity and ETF LEAPS • Index Options • USD Cash-Settled Currency Options

Options with Unique Terms• Binary Options • Flex Options • Mini Options • Quarterly Options • Weekly Options

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The Products We Clear

Purpose: Why We Are Here We ensure confidence in the financial markets and broader economy.

Mission: What We Do We promote stability and market integrity through effective and efficient clearance, settlement and risk management services while providing thought leadership and education to market participants and the public about the prudent use of products we clear.

Values: How We Will Act Innovation & AgilityStewardshipCollaborationPerformance & AccountabilityEthics & Integrity

Our OwnersWe are owned by three participant exchanges: Nasdaq, NYSE ICE & CBOE

Our RegulatorsOCC operates under the jurisdiction of three regulators: The U.S. Securities and Exchange Commission (SEC) U.S. Commodity Futures Trading Commission (CFTC) The Board of Governors of the Federal Reserve

OUR LOCATIONS

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Chicago 1 N. Wacker Drive Suite 500 Chicago, IL 60606

125 South Franklin Street Suite 1200 Chicago, IL 60606

Dallas 9111 Cypress Waters Blvd. Suite 400 Dallas, TX 75019

Washington, D.C. 701 8th Street NW Suite 630 Washington, D.C. 20001

Data Centers Elk Grove Village, IL Coppell, TX

WHO WE SERVE

3FUTURE EXCHANGES

CBOE Futures Exchange, LLC

Nasdaq Futures, Inc.

OneChicago, LLC

ALTERNATE TRADING SYSTEM

Automated Equity Finance Markets, Inc.

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115CLEARING MEMBERSIntermediaries supporting

asset managers, mutual funds, pension funds, retail investors,

insurers and other market participants.

APPROXIMATELY

15PARTICIPANT EXCHANGES

Bats BZX Exchange, Inc.

Bats EDGX Exchange, Inc.

BOX Options Exchange LLC

C2 Options Exchange, Incorporated

Chicago Board Options Exchange, Incorporated

Miami International Securities Exchange, LLC

MIAX PEARL, LLC

Nasdaq BX, Inc.

Nasdaq GEMX, LLC

Nasdaq ISE, LLC

Nasdaq MRX, LLC

Nasdaq Options Market, LLC

Nasdaq PHLX, LLC

NYSE Arca, Inc.

NYSE MKT LLC

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HERE

1973Chicago Board Options Exchange (CBOE), the first U.S. exchange to trade listed options, is founded.

1975The SEC approves transforming The CBOE Clearing Corporation into The Options Clearing Corporation (OCC) as the clearinghouse for all exchange-listed options.

1983Cash-settled index options trading begins, OCC clears the new product.

1988OCC pioneers the use of cross-margining for its Clearing Members.

1992The Options Industry Council (OIC) is formed by OCC and U.S. options exchanges to increase investor knowledge of exchange-listed equity options.

OCC receives a “AAA” rating from Standard & Poor’s Corporation.

1993OCC’s Stock Loan/Hedge Program is created to clear and guarantee stock loan transactions between Clearing Members. Through a legally binding novation process, OCC becomes the principal central counterparty (CCP) to cleared transactions.

1996OCC launches optionsclearing.com.

2000OCC receives SEC approval and completes operational readiness testing to clear security futures. OCC begins developing ENCORE, its new clearing system.

2003OCC and LaSalle Bank introduce ChicagoFIRST, an industry coalition that addresses home- land security and business continuity issues facing Chicago’s financial sector.

2006OCC launches its new risk management methodology called System for Theoretical Analysis and Numerical Simulations (STANS), which is used to calculate the margin requirement of its clearing members.

2010Standard & Poor’s licenses OCC to clear over-the-counter (OTC) options based on the S&P 500.

2011The Options Clearing Corporation revises its brand identity to OCC. A record 4.6 billion options contracts were traded, marking the first time options contracts surpassed 4 billion in a year.

2012OCC is designated as a Systemically Important Financial Market Utility (SIFMU) by the Financial Stability Oversight Council as part of the Dodd-Frank legislation.

2014Craig S. Donohue assumes the role of Executive Chairman.

OCC launches its over-the-counter (OTC) S&P 500® equity index option clearing services.

2016OCC is named 2016 Clearinghouse of the Year by both Global Investor/ISF Magazine and Futures & Options World.

In addition to serving as Executive Chairman, Craig S. Donohue also assumes the role of Chief Executive Officer.

OUR HISTORY

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OUR ORGANIZATION STRUCTURE

Board of Directors The Board is comprised of OCC’s Executive Chairman and CEO, Craig S. Donohue, plus a diverse representation from exchanges, clearing members and public directors. The Board is responsible for acting as a steward to make certain OCC has the critical capabilities necessary to achieve its objectives and obligations in a safe, sound, efficient and prudential manner.

Management Committee The Management Committee is comprised of the Office of the Executive Chairman, which includes OCC’s Executive Chairman and CEO, President and Chief Operating Officer and Chief Administrative Officer. The Management Committee also includes Executive Vice Presidents and Senior Vice Presidents responsible for executive leadership, strategic direction and risk oversight. This includes the creation and execution of corporate strategy, establishing an overall plan for value creation, monitoring and reviewing business performance, approval of operating policies and other matters.

Three Lines of Defense OCC’s departments are positioned under the “three lines of defense model” to maintain a resilient risk management and internal control environment. Operational, business and control departments are found within each line of defense.

The first line of defense consists of Operational and Business units. These teams are responsible and accountable for designing, operating and maintaining an effective internal control infrastructure comprising policies, standards, procedures and guidance that allows OCC to meet its service obligations. These teams own and are accountable for OCC’s internal control infrastructure and service outcomes.

The second line designs, implements and maintains an enterprise-wide risk management and compliance framework, along with tools to assess and manage risk and compliance at that level. These colleagues work with the first line to assess risk, establish policies and guidelines, and advise on processes. They monitor, assess and report on the first line’s effectiveness in managing risk and compliance and maintaining and operating a resilient control infrastructure.

The third line of defense is the Internal Audit team. Internal Audit is accountable for designing, implementing and maintaining a comprehensive assurance program. The group performs all activities in compliance with the Institute of Internal Auditors’ standards enshrined in the International Professional Practices Framework.

Craig S. Donohue Executive Chairman

and CEO

Tracy Raben Senior Vice President

and Chief Human Resources Officer

Chip Dempsey Senior Vice President and Chief Commercial

Officer

John P. Davidson President and

Chief Operating Officer

Scot Warren Chief Administrative

Officer

John Fennell Executive Vice President

and Chief Risk Officer

Joe Adamczyk Senior Vice President and Chief Compliance Officer

Amy Shelly Senior Vice President and

Chief Financial Officer

Jim Kustusch Senior Vice President,

Operations

Adi Agrawal Senior Vice President

and Chief Transformation Officer

David Hoag Senior Vice President and Chief Information Officer

Joe Kamnik Senior Vice President, General Counsel and Corporate Secretary

Mark Morrison Senior Vice President and

Chief Security Officer

Dale Michaels Executive Vice President,

Financial Risk Management

OUR LEADERSHIP

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OUR VALUES

Our values and behaviors provide a path for how we should be doing business every day. They explain why we exist and who we are as a company, how we intend to fulfill our purpose and how we should do the right thing for market participants.

We lead and embrace change.- We are curious and creative with each

other and stakeholders.- We welcome challenges and learn from

successes and failures.- We anticipate market trends and

respond quickly to changing needs.- We are innovators.

We serve industry participants and the greater public interest.

- We understand our duty to ensure sound markets.

- We connect our actions to their impact on the financial market.

- We promote resiliency in ourselves, our systems and the markets we serve.

We build success together.- We are one team focused on achieving

the goals of the organization.- We strive to build trusting relationships

with our peers and external partners.- We communicate and collaborate across

areas to maximize our results.- We take ownership for our personal

growth and development.

We own the outcomes.- We take the initiative and strive to be

an industry leader.- We are accountable for living our values.- We ask questions and seek to fully

understand what is expected of us.- We honor our word and we follow through

with our commitments.

We do the right thing.- We are transparent, honest and candid.- We act with integrity in everything we do.- We identify concerns and raise them until

they are adequately addressed.- We embrace and follow the spirit of all

rules and regulations.

INNOVATION & AGILITY

PERFORMANCE & ACCOUNTABILITY

ETHICS & INTEGRITY

COLLABORATION

STEWARDSHIP

At OCC, you join more than just a company. You become part of a growing, thriving environment where you can have an impact on the company’s future. We are focused on attracting, developing and retaining the right people who can contribute to the high performance culture we are building together.

From day one you have the opportunity to have your voice heard. We encourage thinking creatively and we empower colleagues to take ownership and be intellectually curious. For OCC, it’s all about promoting a culture of healthy and effective interaction with each other to fulfill our purpose of ensuring confidence in the financial markets and the broader economy.

We pride ourselves on a collaborative workplace that includes a diverse group of individuals who have a wide range of knowledge and experience that allows the business to thrive. The company is bound together by a set of values and behaviors that shape the way we work internally and externally.

When we are not at work, we look to extend our collaboration during happy hours, company outings, sports teams and other social settings.

OUR CULTURE

TOTAL REWARDS YOUR BENEFITS

At OCC, our approach to Total Rewards is designed to attract, motivate, develop and retain the top talent we need to achieve our goals, fulfill our purpose and build success together. We reward talented employees who are dedicated, focused and innovative in their approach, who are committed to our purpose and values and to building a high performance culture. We recognize employees who deliver exceptional performance, take accountability for owning the outcomes and who demonstrate behaviors aligned with our values of Innovation & Agility, Stewardship, Collaboration, Performance & Accountability and Ethics & Integrity. And we want to differentiate employees who further our efforts to strengthen our risk and control environment while enhancing our resilience as a systemically important financial market utility. In return, we offer a Total Rewards program that is market-competitive, performance-driven and provides for ongoing career growth and development.

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ADDITIONAL BENEFITS

Tuition Reimbursement Program

Discounts • Movie tickets • Wellness Discounts - Weight Watchers • Verizon Wireless • Dell Computers • Microsoft’s Software Assurance Home Use Program • Discounted services with select banks

Flexible Work Program

CORE BENEFITS

Health and Welfare• Medical (three plans) • Dental (two plans) • Vision • Prescription Drug • Flexible Spending Accounts (three plans) • Health Savings Account (HSA) • Life/AD&D Insurance and Disability • Wellness Program with a premium discount • Employee Assistance Program (EAP)

Retirement • 401(k) Plan • Profit Sharing

• Paid Holidays • Paid Time Off • Paid Parental Leave

RECOGNITION

Chairman’s Awards

Commitment to Excellence Awards

Special Recognition Cards

Service Anniversaries

COMPENSATION

OCC provides a market-competitive compensation program that rewards employees who strive to achieve individual and corporate excellence and who demonstrate behaviors aligned with our values. OCC provides competitive pay opportunities based on relevant market pay data and rewards are differentiated for high performers whose contributions and results help move OCC forward in achieving its goals. Our compensation program reinforces that performance is a key driver of our success, focusing on “what” our employees achieve in terms of their individual goals and objectives, while recognizing that “how” employees achieve it is of equal importance – by living our values and demonstrating proficiency across OCC’s leadership capabilities. Linking pay to performance is key to building a high performance culture. OCC’s total compensation program allows employees to personally succeed when they perform at their best. The core elements include:

• Base salary • Annual incentive opportunity

TALENT DEVELOPMENT

OCC is committed to developing our people. A variety of Talent and Organization Development offerings allow you the opportunity to advance your professional growth. Courses are targeted for different audiences and support your Individual Development Plan, the culture we are shaping together and our ability to serve our market participants.

Employee Development

Open to all colleagues, these courses build understanding around business and industry knowledge, provide job-specific and technical training and facilitate an overview of OCC operations.

• OCC Foundations for All • OCC Academy • Skillsoft: More than 300 books, e-learning courses and videos on demand - Business and Communication Skills, Professional Certifications - IT Desktop Skills (Excel, PowerPoint, Word, etc.) • Presentation Skills Workshop • Business Writing Workshop • Time and Meeting Management Workshop

Leadership Development

These courses build common OCC capabilities and manager competence, drive a high performing culture and help leaders manage in a regulated environment.

• Strategic Leadership Mastery Workshop • OCC Foundations for Managers • Leadership Resilience Workshop • Presentation Skills Workshops for Executives

External Training and Conferences

• Technical and specialized training and conferences as approved by your manager

Read more about these courses on Compass, OCC’s intranet.

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EMPLOYEE CHARITY PROGRAM

CHICAGO CHARITY

Marillac St. Vincent Family Services provides support to more than 8,000 at-risk children, families and seniors each year at Marillac Social Center on Chicago’s West Side and St. Vincent de Paul Center in Lincoln Park. For more than a century, Marillac St. Vincent Family Services has provided sanctuaries in the city, giving refuge to families facing poverty, violence, gang affiliation, unemployment, homelessness, isolation and an abiding lack of opportunity.

DALLAS/FORT WORTH CHARITY

Metrocrest Services is focused on assisting families, individuals and senior adults who are coping with crisis situations, need help stabilizing their lives, or who require support to live independently. Metrocrest’s services include rent and utility bill aid, financial and budgeting assistance and food.

As leaders and members of the Chicago and Dallas/Fort Worth communities, OCC has a responsibility to play an important role in those areas where our colleagues live and work. We have an obligation to be good corporate citizens, and our values of Stewardship and Integrity should carry over from the work we do in the financial markets to our neighborhoods.

Because of this, OCC supports charities that are (1) established, financially sound organizations that provide opportunities for OCC to help those at risk like women and children, (2) organizations that benefit from and rely on OCC employee participation and financial support to meet their mission, and (3) provide opportunities for OCC employees to give back by dedicating their time to participate in the charity’s efforts.

There are several ways for employees to participate and contribute.

• Volunteer Days • Employee Donation Match • Community Service Day • Charity Reception

Read about the 2017 charities below.

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August 2017

This brochure does not create a contractual relationship of any kind between OCC and any of its employees. Nothing stated herein implies or guarantees any special term of employment or entitlement of benefits. All employees are employed “at will,” absent a written employment agreement to the contrary signed by an authorized OCC representative. Additionally, OCC retains the right to amend or terminate its benefits offerings at any time.