Series 3: 7.3.3.1. FCM Special Account Reports

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.