What is a CFTC Form 40?
We strongly suggest that you complete the CFTC Form 40 “Statement of Reporting Trader” when requested via email. Promptly registering and filling out Form 40 will help you avoid any potential trading restrictions or fines assessed to your futures account by the CFTC.
What is outstanding notional?
Outstanding Notional Amount or “ONA” means the outstanding nominal amount of all issued Collateral Security Credit Certificates of the relevant series which have not been redeemed or are not held by an entity in the BNP Paribas Group.
How do I report CFTC?
You can report information electronically to the Division of Enforcement either through the whistleblower Form TCR or a Complaint Form. You can also report information by calling us toll-free at 866-FON-CFTC (866-366-2382).
Who Must File CFTC Form 40?
Who Must File a Form 40 – Every person who holds or controls a reportable position must file a CFTC Form 40, Statement of Reporting Trader. (See section 18.04 of the regulations under the Commodity Exchange Act.) Persons include individuals, associations, partnerships, corporations, and trusts.
What is a CFTC Large trader?
Large Trader Data. Under the Commission’s LTRS, clearing members, FCMs, and foreign brokers (collectively called reporting firms) file daily reports with the Commission under Part 17 of the CFTC’s regulations.
What is notional value in Binance?
Notional value is the contract value of a futures contract. For instance, the notional value of BTCUSD Quarterly 0925 is denominated in BTC. The contract’s notional value is calculated by multiplying the contract unit by the contract multiplier and divided by mark price.
What does notional mean in FX?
Notional value is a term often used to value the underlying asset in a derivatives trade. It can be the total value of a position, how much value a position controls, or an agreed-upon amount in a contract. This term is used when describing derivative contracts in the options, futures, and currency markets.
How do I get CFTC approval?
A request for approval must be accompanied with the appropriate approval filing fee. Voluntary requests for product approval must be sent to the CFTC either via mail to its Washington, DC headquarters office and to the CFTC regional office having local jurisdiction or electronically via email to [email protected].
What is a CFTC Large Trader?
What is a reportable position CFTC?
For exchange-traded futures and commodity options, a “reportable position” is defined in CFTC Regulation 15.00(p)(1) as any open contract position that at the close of the market on any business day equals or exceeds the quantity set forth in CFTC Regulation 15.03 in either: (i) any one futures contract or commodity on …
What is notional value?
The term notional value refers to the value or spot price of an underlying asset in a derivatives trade. The notional value calculation of a futures contract determines the value of the assets underlying the futures contract.
How do you calculate notional value of a futures contract?
A: Calculate the notional value of a futures contract by multiplying the size of the contract by the price per unit of the commodity represented by the spot price. For example, one soybean contract is comprised of 5,000 bushels of soybeans.
What data does the notional outstanding report display?
The notional outstanding reports display gross and net notional amounts outstanding by participant type, cleared status, product type, currency, tenor, and grade. All Swaps reports display data for all asset classes and weeks.
What is notional outstanding in trading?
Notional Outstanding. The notional outstanding reports display gross and net notional amounts outstanding by participant type, cleared status, product type, currency, tenor, and grade. All Swaps reports display data for all asset classes and weeks. Swaps by Asset Class reports display data for individual asset classes and individual weeks.