Members of the Option Team are responsible for identifying and reporting any trade discrepancies to the Middle Office/Trading Desk in a timely manner. Option balancing is performed using Client reports and compares ADP vs OCC. Any unresolved issues must be escalated to senior management for further review. The Option team is responsible for all Weekly and Monthly Option Expirations. The team is also responsible for Option Exercises and Assignments. Other team functions include: accountability for escrow reconciliation, Account Transfers CXLCOR and Give-ups for NBI and CMC.