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 following table.

The special accounts report must specify each net long and short futures position separately for each reporting market and all contract months. For each put and call option on each reporting market, it must identify the expiration date and strike price at the market’s close. The report