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CFTC Capital Requirements for FCM's

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CFTC Capital Requirements for FCM's

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Couldn't find the last place this was posted, so making this a sticky.

Check your FCM's CFTC capital requirements report here:


The explanation for the fields is here:

The summary table shows the following columns of information:

Reg As:

FCM: Futures Commission Merchant that is registered with the Commodity Futures Trading Commission;

BD: The FCM is also registered with the Securities and Exchange Commission as a securities broker or dealer;

RFED: Retail Foreign Exchange Dealer that is registered with the Commodity Futures Trading Commission;

FCMRFD: The FCM is also registered with the Commodity Futures Trading Commission as a Retail Foreign Exchange Dealer.

DSRO: This column identifies the firm's Designated Self-Regulatory Organization (DSRO). A DSRO is the organization that is primarily responsible for conducting audits of and ongoing financial surveillance over the firm. A DSRO can be a designated contract market (DCM) or the National Futures Association.

A/O Date: This is the 'as of' date of the financial report from which the summary financial data is taken.

Adjusted Net Capital: This is the amount of regulatory capital available to meet the FCM's minimum net capital requirement. The classification of assets and liabilities used in arriving at net capital, and the additional capital haircuts that a FCM may be required to take, are set forth in CFTC Regulation 1.17.

Net Capital Requirement: The minimum net capital that each FCM must maintain is determined under CFTC Regulation 1.17(a)(1)(i). Refer to pages 7-11 through 7-12 of the Form 1-FR-FCM Instructions for more information regarding how to compute the net capital requirement.

Excess Net Capital: This is the amount by which the adjusted net capital exceeds the net capital requirement.

Customers' 4d(a)(2) Seg Required: This represents the total amount of funds that an FCM is required to segregate on behalf of customers who are trading on designated contract markets (DCMs). This is the sum of all accounts that contain a net liquidating equity.

Customer Part 30 Secured Amount: This represents the amount of funds an FCM is required to set aside for customers who trade on commodity exchanges located outside of the United States.

Total Amount of Retail Forex Obligation: This represents the total amount of funds at an FCM, RFED, or FCMRFD that would be obtained by combining all money, securities and property deposited by a retail forex customer into a retail forex account or accounts, adjusted for the realized and unrealized net profit or loss.


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