[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR1.34]

[Page 79-80]
 
              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.  1.34  Monthly record, ``point balance''.

    (a) Each futures commission merchant shall prepare, and retain in 
accordance with the requirements of

[[Page 80]]

Sec.  1.31, a statement commonly known as a ``point balance,'' which 
accrues or brings to the official closing price, or settlement price 
fixed by the clearing organization, all open contracts of customers as 
of the last business day of each month or of any regular monthly date 
selected: Provided, however, That a futures commission merchant who 
carries part or all of customers' open contracts with other futures 
commission merchants on an ``instruct basis'' will be deemed to have met 
the requirements of this section as to open contracts so carried if a 
monthly statement is prepared which shows that the prices and amounts of 
such contracts long and short in the customers' accounts are in balance 
with those in the carrying futures commission merchants' accounts, and 
such statements are retained in accordance with the requirements of 
Sec.  1.31.
    (b) Each futures commission merchant shall prepare, and retain in 
accordance with the requirements of Sec.  1.31, a listing in which all 
open commodity option positions carried for option customers are marked 
to the market. Such listing shall be prepared as of the last business 
day of each month, or as of any regular monthly date selected, and shall 
be by put or by call, by underlying contract for future delivery (by 
delivery month) or underlying physical (by option expiration date), and 
by strike price.

(Approved by the Office of Management and Budget under control numbers 
3038-0007 and 3038-0024)

[46 FR 54521, Nov. 3, 1981, as amended at 46 FR 63035, Dec. 30, 1981; 47 
FR 57008, Dec. 22, 1982]