[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR1.21]

[Page 64]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 1_GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT--Table 
of Contents
 
Sec.  1.21  Care of money and equities accruing to customers.

    All money received directly or indirectly by, and all money and 
equities accruing to, a futures commission merchant from any clearing 
organization or from any clearing member or from any member of a 
contract market incident to or resulting from any trade, contract or 
commodity option made by or through such futures commission merchant on 
behalf of any commodity or option customer shall be considered as 
accruing to such commodity or option customer within the meaning of the 
Act and these regulations. Such money and equities shall be treated and 
dealt with as belonging to such commodity or option customer in 
accordance with the provisions of the Act and these regulations. Money 
and equities accruing in connection with commodity or option customers' 
open trades, contracts, or commodity options need not be separately 
credited to individual accounts but may be treated and dealt with as 
belonging undivided to all commodity or option customers having open 
trades, contracts, or commodity option positions which if closed would 
result in a credit to such commodity or option customers.

[46 FR 54519, Nov. 3, 1981]

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