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FCM Financial Information

Futures Commission Merchants (FCMs) are required to file regular reports with NFA that disclose specific financial information about the firm. NFA's BASIC system provides summary reports of this information designed to provide greater transparency for investors.

The FCM Financial Information reports can be accessed by conducting a search for a specific FCM in BASIC. Users can then click on "View Financial Information" on the firm's BASIC Details page.

FCM Financial Information

The link will take the user to the "NFA Financial Data Reporting" screen which will include links to the:

  • FCM Capital Report (updated monthly),
  • FCM Customer Segregated Funds Report (updated semi-monthly),
  • FCM Customer Secured Amount Funds Report (updated semi-monthly), and
  • FCM Cleared Swaps Customer Collateral Report (updated semi-monthly).

These reports show the most recent monthly or semi-monthly financial data. Users also have the option of viewing historical information from the previous 12 months by clicking on the "View More" link in the reports. The financial reports definitions page includes definition for terms used in the reports.

FCM Capital Report

This report displays the:

  • Adjusted net capital,
  • Required net capital, and
  • Excess net capital.

FCM Capital Report

FCM Customer Segregated Funds Report

This report discloses the:

  • Total funds held in segregated accounts;
  • Total funds required to be held in segregated accounts;
  • Excess (or deficiency) in customer segregated funds;
  • Percentage of segregated funds that are held in cash and invested in each of the permitted investments; and
  • Whether any depository used by the FCM to hold customer segregated funds during the month is an affiliate of the FCM.

FCM Customer Segregated Funds Report

FCM Customer Secured Amount Funds Report

This report discloses the:

  • Total funds held in customer secured amount accounts;
  • Total funds required to be held in customer secured amount accounts;
  • Excess (or deficiency) in customer secured amount accounts;
  • Percentage of customer secured amount funds that are held in cash and invested in each of the permitted investments; and
  • Whether any depository used by the FCM to hold customer secured amount funds during the month is an affiliate of the FCM.

FCM Customer Secured Amount Funds Report

FCM Cleared Swaps Customer Collateral Report

This report discloses the:

  • Total cleared swaps customer collateral value held in segregation;
  • Total cleared swaps customer collateral value required to be held in segregation;
  • Excess (or deficiency) in cleared swaps customer collateral accounts;
  • Percentage cleared swaps customer collateral that are held in cash and invested in each of the permitted investments; and
  • Whether any depository used by the FCM to hold cleared swaps customer collateral during the month is an affiliate of the FCM.

FCM Cleared Swaps Customer Collateral Report

For those FCMs that do not hold customer segregated, customer secured amounts funds or cleared swaps customer collateral, data will appear only for the FCM's Capital Report. The BASIC display will indicate that the FCM does not hold customer funds and therefore, there is no information on the FCM Customer Segregated Funds Report, FCM Customer Secured Amount Funds Report and the FCM Cleared Swaps Customer Collateral Report.

If you have any questions regarding the information provided, please contact NFA's Information Center via email (information@nfa.futures.org) or by phone (800-621-3570 or 312-781-1410).

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