7.3.3.6. Reporting of Segregated Accounts to Regulators
At the close of each business day, every FCM must compute:
• The total amount of customer funds on deposit in segregated accounts
• The amount of funds required to be on deposit in segregated accounts
• The amount of the FCM’s residual interest in its futures customer funds
If funds are held in more than one currency, this computation must be made separately for each currency. Recall that residual interest is the amount of the FCM’s own capital that it is required to maintain for its futures customers that are under-margined at the end of any business day at each clearing organization.
This computation must be submitted daily on Form 1-FR-FCM (Statement of Segregation Requirements and Funds in Segregation for Customers Trading on U.S. commodity Exchanges). This form must be submitted to both the CFTC and the NFA by noon the following day.
CFTC Regulation 1.32
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SUMMARY TABLE Reporting Requirements |
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Type of Report |
Who Must Report |
To Whom |
By When |
Description of Report |
|
Special account report |
FCMs and clearing firms |
CFTC |
By 9:00 a.m. on the business day following the day that it carries a special account |
A report of commodity positions that meet or exceed a specified limit |
|
Special call report |
FCMs, IBs, and clearing firms |
CFTC |
When the CFTC issues a special call |
A report of the names and addresses of persons who exercise trading control over a futures or options account |
|
Trader account report |
Trader |
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