The Options Clearing Corporation (OCC) lopped 36% off its clearing fund requirement in the third quarter, following the introduction of a new methodology for sizing its default resources.

Clearing members’ mandatory contributions to the default fund stood at $9.5 billion at end-September, down from$14.8 billion at end-June, and are now at their lowest level since the third quarter of 2017. It made for a second consecutive quarterly reduction in the amount of required contributions, which