[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: 17CFR31.26]

[Page 378-379]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 31_LEVERAGE TRANSACTIONS--Table of Contents
 
Sec.  31.26  Quarterly reporting requirement.

    Each leverage transaction merchant must file, in accordance with the 
instructions of, and in the format specified by, the National Furtures 
Association a quarterly report with the National Futures Association by 
the fifteenth business day of the month following the quarter covered by 
the report. The report must list all leverage contracts which were 
either repurchased, resold, liquidated or settled by delivery by or to 
the leverage transaction merchant during the quarter and, with respect 
to each leverage contract, must include the following information:
    (a) The leverage commodity and contract involved;
    (b) Whether a long or short leverage contract was involved;
    (c) The date the leverage contract was entered into;
    (d) The maturity date of the leverage contract at initiation;
    (e) The price at which the leverage contract was entered into;
    (f) Whether the leverage contract was repurchased, resold, 
liquidated or settled by delivery;
    (g) The date the leverage contract was repurchased, resold, 
liquidated or settled by delivery;
    (h) The price at which the leverage contract was repurchased, resold 
or liquidated;
    (i) The leverage customer account identification number;
    (j) Whether the leverage customer had a commercial or noncommercial 
leverage account;
    (k) Whether the leverage customer was the owner or holder of a 
proprietary leverage account as defined in Sec.  31.4(e); and
    (l) The profit or loss incurred by the leverage customer on the 
contract. In the case of a long leverage contract, profit or loss shall 
be determined by subtracting, from the total value of the contract based 
on the leverage transaction merchant's bid price at the time of 
repurchase or liquidation, the total value of the contract based on the 
ask price at which the contract was entered into, minus any amounts paid 
or owed by the leverage customer to the leverage transaction merchant, 
including initial, carrying and termination charges, plus any amounts 
paid or credited by the leverage transaction merchant to the leverage 
customer, in connection with the leverage contract. In the case of a 
short leverage contract, profit or loss shall be determined by 
subtracting, from the total value of the contract based on the bid price 
at which the contract was entered into, the total value of the contract 
based on the leverage transaction merchant's ask price at the time of 
resale or liquidation, minus any amounts paid or owed by the leverage 
customer to the leverage transaction merchant, including initial and 
termination charges, plus any amounts paid or credited by the leverage 
transaction merchant to

[[Page 379]]

the leverage customer, including carrying charges, in connection with 
the leverage contract.

[50 FR 36416, Sept. 6, 1985; 50 FR 37519, Sept. 16, 1985, as amended at 
54 FR 41083, Oct. 5, 1989]