Series 3: 7.3.3.1. FCM Special Account Reports

Taken from our Series 3

7.3.3.1. FCM Special Account Reports

Each futures commission merchant and clearing member firm must submit a report to the CFTC each business day that it carries special accounts on its books. A special account is any commodity futures or option account that has a reportable position. A reportable position is any open contract position in a futures commodity that equals or exceeds some specified amount on a specific reporting market.

In other words, if on any given day an FCM carries an account that has open positions in a commodity on any single exchange in excess of some designated amount, it must report that position to the CFTC.

A sample of the reportable positions for selected commodities is shown in the table below.

Commodity	Contracts
Corn	250
Cotton	100
Live cattle	100
S&P 500 index	1,000
30-day federal funds	600
30-year Treasury bonds	1,500
3-month Eurodollar time deposits	3,000
Sweet crude oil	350

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