cftc form 1-fr-fcm 0005 - seb group · 2017-05-02 · cftc form 1-fr-fcm 0005 name of company:...

0005CFTC FORM 1-FR-FCM

Name of Company: Employer ID No: NFA ID No:

Address of Principal Place of Business: Person to Contact Concerning This Report:

Telephone No:

0050

0010 0020 0030

0040

0060

0065E-Mail Address:

EFL Futures Limited WJ0343560 0343560

Stephen Hand

+44 20 7246 4105

One Carter Lane

London

EC4V 5AN [email protected]

and ending 008000701. Report for the period beginning 03/01/2017 03/31/2017

2. Type of report 0090 Certified Regular quarterly/semiannual Monthly 1.12(b)

Special call by: Other -- Identify:

3. Check whether 0095 Initial filing Amended filingX

01004. Name of FCM's Designated Self-Regulatory Organization: CME

5. Name(s) of consolidated subsidiaries and affiliated companies:

Name Ownership

Percentage

Line of Business

0110

0140

0170

0200

0230

0150

0180

0210

0240

0120 0130

0160

0190

0220

0250

The futures commission merchant, or applicant for registration therefor, submitting this Form and its attachments and the person whose signature

appears below represent that, to the best of their knowledge, all information contained therein is true, correct and complete. It is understood that all

required items, statements and schedules are integral parts of this Form and that the submission of any amendment represents that all unamended

items, statements and schedules remain true, correct and complete as previously submitted. It is further understood that any intentional

misstatements or omissions of facts constitute Federal Criminal Violations (see 18 U.S.C. 1001).

Signed on

Manual signature

Type or print name ,

Chief Executive Officer Chief Financial Officer Corporate Title ________________________________

General PartnerSole Proprietor

AUTHORITY: Sections 4c, 4d, 4f, 4g, 5a, 8a, and 17 of the Commodity Exchange Act (7 U.S.C. 6c, 6d, 6f 6g, 7a, 12a and 21)

- 1 -

- 1 -

Current Non-Current Total

Assets

STATEMENT OF FINANCIAL CONDITION

CFTC FORM 1-FR-FCM

NFA ID No:Employer ID No:Name of Company:

AS OF 3/31/2017


1000 1005A. U.S. exchanges (page 11, line 13)

1010 1015B. Dealer options (page 12, line 2.C.)

10251020 1030 C. Foreign exchanges (page 14, line 8)

(Do not duplicate line 1. assets below)

pursuant to the CEAct and the Regulations

1. Funds segregated or in separate accounts

$ 265,549,609 $ 265,549,609

0 0

0 $ 0 0

D. Cleared Swaps (page 15, line 13) 1022 1027 1032 0 0 $ 0

1040 1045 1050 2. Cash 12,342,419 762,239 13,104,658

3. Securities, at market value

A. Firm owned

B. Noncustomer-owned

C. Individual partners' and member's

D. Stock in clearing organizations

1055

1070

1100

1060

1105

1065

1075

1110

security accounts 1090 1095

32,389,920 0 32,389,920

0 0

0 0

0 0 0

1115 11251120 4. Securities purchased under resale agreements 0 2,000,000 2,000,000

5. Receivables from and deposits with U.S.

derivatives clearing organizations

A. Margins

B. Settlement receivable

C. Guarantee deposits

D. Long options value

1130

1140

1150

1157

1135

1145

1155

1158

5,037,239 5,037,239

0 0

10,895,988 10,895,988

0 0

6. Receivables from and deposits with foreign

commodity clearing organizations

A. Margins

B. Settlement receivable

C. Guarantee deposits

D. Long options value

1160

1175

1191

1165

1185

1192

1170

1180

1190

1193

1182

0 0 0

0 0

0 0 0

0 0 0

1200 12051195

1210 1215 B. Security deposits

1225 12301220 C. Other

A. Net liquidating equity

7. Receivables from registered FCMs

0 0 0

0 0

0 0 0

1265 12701260 C. Other

1250 1255 B. Security deposits

124512401235 A. Net liquidating equity

8. Receivables from foreign commodity brokers

0 0 0

0 0

0 0 0

- 2 -

9. Receivables from traders on U.S.

commodity exchanges

128512801275 A. Customer debit and deficit accounts

1295 13001290 B. Noncustomer and proprietary accounts

1310 13151305 C. Other

13251320 D. Allowance for doubtful accounts

0 0 0

0 0 0

0 0 0

0 0

10. Receivables from traders on foreign

boards of trade

134013351330A. Customer debit and deficit accounts

135513501345 B. Noncustomer and proprietary accounts

13701365 C. Other 1360

13801375 D. Allowance for doubtful accounts

0 0 0

0 0 0

0 0 0

0 0

11. Inventories of cash commodities, raw materials,

work in progress and finished goods

139513901385 A. Covered

141014051400 B. Not covered

0 0 0

0 0 0

143514301425Safety factor $0 [1420] )

(Value of collateral $0 [1415]

12. Secured demand notes

0 0 0

13. Other receivables and advances

145014451440 A. Merchandising accounts receivable

1460 B. Notes receivable

C. Commissions and brokerage receivable

D. Receivables from employees and

1505 E. Advances on cash commodities

1520 F. Dividends and interest

1535 G. Taxes receivable

1550 H. Receivables from subsidiaries and affiliates

1495

1565 I. Other (Itemize on a separate page)

1575 J. Allowance for doubtful accounts 1580

1570

1555

1540

1525

1510

1480

1465

1475

1560

1545

1530

1515

1500

14901485associated persons

1455

1470

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 881 881

0 0 0

0 0 0

0 0 0

0 0

1585 1590 1595and commitments

14. Unrealized gains on forward contracts

0 0 0

16101605(Market value $0 [1600])

15. Exchange memberships, at cost

0 0

16. Investments in subsidiaries 1615 16201612 0 0 0

164016351630and amortization of $0 [1625] )

(cost net of accumulated depreciation

17. Plant, property, equipment and capitalized leases

0 0 0

1650164518. Prepaid expenses and deferred charges 0 0

16601655 166519. A. Other assets (itemize on separate page) 0 0 0

B. Retail Forex Aggregate Assets 1657 1662 1667 0 0 0

16801675167020. Total Assets $ 326,215,175 $ 2,763,120 $ 328,978,295

- 3 -


CFTC FORM 1-FR-FCM

STATEMENT OF FINANCIAL CONDITION

Liabilities & Ownership Equity

Liabilities

AS OF 3/31/2017


21. Payables to banks

2000A. Secured loans

2010B. Unsecured loans

2020C. Overdrafts

$ 0

0

0

22. Equities in commodity accounts

A. Customers trading on U.S. commodity exchanges

B. Customers trading on foreign exchanges

C. Customers' dealer options accounts

D. Noncustomers' accounts

E. General partners' and member's trading accounts (not included in capital)

2030

2040

2050

2060

2070

252,029,696

0

0

33,252,421

0

F. Customers trading cleared swaps 2072 0

23. Payable to U.S. commodity clearing organizations 2080

Including short option value of $0 [2075]

80,640

24. Payable to foreign commodity clearing organizations

Including short option value of $0 [2085]

2090 0

210025. Payable to registered futures commission merchants 0

211026. Payable to foreign commodity brokers 0

27. Accounts payable, accrued expenses and other payables

2120A. Accounts payable and accrued expenses

2130B. Salaries, wages, commissions and bonuses payable

2140C. Taxes payable

2150D. Deferred income taxes

2160E. Security deposits held

2170F. Advances against commodities

2180G. Unrealized losses on forward contracts and commitments

2190H. Due to subsidiaries and affiliates

2200I. Notes, mortgages and other payables due within twelve months

2205J. Obligation to Retail FX Customers

672,704

0

52,986

0

0

0

0

0

0

K. Other (itemize on a separate page) 0 2210

0

2230B. Secured

28. Notes, mortgages and other payables not due within twelve months of the date of this statement

2220A. Unsecured 0

0

- 4 -

224029. Securities sold under agreements to repurchase 0

225030. Securities sold not yet purchased, at market value 0

31. Liabilities subordinated to claims of general creditors

A. Subject to a satisfactory subordination agreement 2260

B. Not subject to a satisfactory subordination agreement 2270

31,158,750

0

32. Total liabilities 2280$ 317,247,197

Ownership Equity

250033. Sole proprietorship $ 0

34. Partnership or Limited Liability Company

A. Partnership or LLC contributed and retained capital

B. Additional capital per partnership or membership agreement

(equities in partners' or members' trading accounts, etc.)

C. Total

2510

2515

2520

$ 0

0

$ 0

35. Corporation

A. Preferred stock 2530

B. Common stock

C. Additional paid in capital

D. Retained earnings

E. Subtotal

F. Less: capital stock in treasury

G. Total

2535

2540

2545

2550

2555

2560

$ 0

2,829,600

0

8,901,498

$ 11,731,098

0

$ 11,731,098

36. Total ownership equity (line 33, 34.C. or 35.G) 2570$ 11,731,098

258037. Total liabilities and ownership equity (add lines 32 and 36) $ 328,978,295

- 5 -


CFTC FORM 1-FR-FCM

STATEMENT OF THE COMPUTATION OF THE MINIMUM CAPITAL REQUIREMENTS

AS OF 3/31/2017

Net Capital


1. Current assets (page 3, line 20) 3000$ 326,215,175

2. Increase/(decrease) to U.S. clearing organization stock to reflect margin value 3010 0

3. Net current assets 3020$ 326,215,175

4. Total liabilities (page 5, line 32) 3030$ 317,247,197

5. Deductions from total liabilities

A. Liabilities subject to satisfactory

subordination agreements

(page 5, line 31.A) 3040

B. Certain deferred income tax liability

(see regulation 1.17(c)(4)(iv)) 3050

C. Certain current income tax liability

(see regulation 1.17(c)(4)(v)) 3060

D. Long term debt pursuant to

regulation 1.17(c)(4)(vi) 3070

E. Total deductions (add lines 5.A. - 5.D.) 3080

F. Adjusted liabilities (subtract line 5.E from line 4) 3090

$ 31,158,750

0

0

0

(31,158,750)

286,088,447

6. Net capital (subtract line 5.F. from line 3) 3100$ 40,126,728

Charges Against Net Capital (see regulation 1.17(c)(5))

7. Excess of advances paid on cash commodity contracts over

95% of the market value of commodities covered by such contracts 3110$ 0

8. Five percent (5%) of the market value of inventories covered by

open futures contracts or commodity options (no charges applicable

to inventories registered as deliverable on a contract market and

which are covered by futures contracts) 3120 0

9. Twenty percent (20%) of the market value of uncovered inventories or 3130

lesser percentage charge for uncovered balances in specified foreign currencies

613,493

10. Ten percent (10%) of the market value of commodities underlying

fixed price commitments and forward contracts which are covered

by open futures contracts or commodity options 3140 0

11. Twenty percent (20%) of the market value of commodities underlying

fixed price commitments and forward contracts which are not covered

3150by open futures contracts or commodity options 0

- 6 -

12. Charges as specified in section 240.15c3-1(c)(2)(vi) and (vii)

against securities owned by firm, including securities representing

investments of domestic and foreign customers' funds:

ChargeMarket Value

31703160A. U.S. and Canadian government obligations

31903180

C. Certificates of deposit, commercial paper

and bankers' acceptances

B. State and Municipal government obligations

32103200

32303220 D. Corporate obligations

32503240E. Stocks and warrants

32703260

3280G. Total charges (add lines 12.A. - 12.F.)

F. Other securities

$ 0 $ 0

0 0

0 0

0 0

0 0

32,389,919 647,798

647,798

3290A. Against securities purchased under agreements to resell

13. Charges as specified in section 240.15c3-1(c)(2)(iv)(F)

3300B. Against securities sold under agreements to repurchase

0

0

331014. Charges on securities options as specified in section 240.15c3-1, Appendix A 0

15. Undermargined commodity futures and commodity options accounts -

amount in each account required to meet maintenance margin requirements, less the amount of

current margin calls in that account and the amount of any noncurrent deficit in the account

3320A. Customer accounts

3330

3340

B. Noncustomer accounts

C. Omnibus accounts

0

0

0

16. Charges against open commodity and cleared OTC derivatives positions in proprietary accounts

A. Uncovered exchange-traded futures, cleared OTC derivatives positions and granted options contracts

$ 0 i percentage of margin requirements applicable to such contracts 3350

0 0 ii Less: equity in proprietary accounts included in liabilities 33703360

B. Ten percent (10%) of the market value of commodities which

underlie commodity options not traded on a contract market

carried long by the applicant or registrant which has value

and such value increased adjusted net capital (this charge

3380is limited to the value attributed to such options) 0

C. Commodity options which are traded on contract markets and

carried long in proprietary accounts. Charge is the same as

would be applied if applicant or registrant was the grantor

of the options (this charge is limited to the value attributed

3390to such options) 0

17. Five percent (5%) of all unsecured receivables from foreign brokers 3410 0

18. Deficiency in collateral for secured demand notes 3420 0

19. Adjustment to eliminate benefits of consolidation (explain on separate page) 3430 0

20. Total charges (add lines 7 through 19) 3440$ 1,261,291

- 7 -

Net Capital Computation

350021. Adjusted net capital (subtract line 20 from line 6) $ 38,865,437

22. Net capital required

A. Risk Based Requirement

3515

i Amount of Customer Risk

ii Enter 8% of line 22.A.i

iii Amount of Non-Customer Risk

3535Maintenance Margin

3545

Maintenance Margin

v Enter the sum of 22.A.ii and 22.A.iv 3555

3525

$ 243,175,653

$ 19,454,052

$ 4,885,503

$ 390,840

$ 19,844,892

iv Enter 8% of line 22.A.iii

3565$ 1,000,000 B. Minimum Dollar Amount Requirement

C. Other NFA Requirement 3575$ 0

3600D. Enter the greater of lines 22.A.v, 22.B. or 22.C. $ 19,844,892

361023. Excess net capital (line 21 less line 22.D.) $ 19,020,545

Computation of Early Warning Level

362024. If the Minimum Net Capital Requirement computed on line D (Box 3600) is:

This is your early warning capital level. If this amount is greater that the amount on line 21,

you must immediately notify your DSRO and the Commission pursuant to section 1.12 of the regulations.

$ 21,829,381

· The Risk Based Requirement, enter 110% of line 22.A.v. (3555), or

· The Minimum Dollar Requirement of $1,000,000, enter 150% of line 22.B. (3565), or

· The Minimum Dollar Requirement of $20,000,000 for FCMs offering or engaging in retail forex transactions

· Other NFA Requirement for FCMs offering or engaging in retail forex transaction or

· Any other NFA Requirement, enter 150% of line 22.C. (3575)

or Retail Foreign Exchange Dealers (“RFED”), enter 110% of line 22.B (3565), or

Retail Foreign Exchange Dealers ("RFED"), as calculated on line 11.F (8210)

of Exchange Supplementary Schedule, enter 110% of line 22.C. (3575), or

365025. List all IBs with which guarantee agreements have been entered into by the FCM and which are currently in effect.

See Attached

Guaranteed Introducing Brokers

- 8 -


CFTC FORM 1-FR-FCM

STATEMENT OF INCOME (LOSS)

FOR THE PERIOD FROM 3/ 1/2017 THROUGH 3/31/2017


Revenues

1. Commissions and brokerage

4000A. Commodity transactions on U.S. commodity exchanges

4010B. Commodity transactions on foreign commodity exchanges

4020C. Securities transactions

4030D. Other brokerage activities (describe on a separate page)

$ 694,038

0

0

0

2. Firm trading accounts

4040A. Commodity transactions

4050B. Securities transactions

4060C. Other firm trading (describe on a separate page)

0

0

0

40703. Income from advisory services 0

4. Interest and dividends

4080A. Interest earned on investments of customers' funds

4090B. Interest earned on investments of other than customers' funds

4100C. Dividends

65,131

9,898

0

41105. Other income (itemize on a separate page) 0

41206. Total revenue $ 769,067

Expenses

42007. Sales personnel commissions

8. Floor brokerage

9. Clerical and administrative employees' expenses

10. Commissions to other FCMs

11. Exchange clearance fees

12. Occupancy and equipment costs

13. Promotional costs

14. Communications

15. Data processing

16. Bad debt expense

17. Trade Errors

4300A. Customers' accounts

4310B. Other

432018. Interest

433019. Other expenses (itemize on a separate page)

4290

4280

4270

4260

4250

4240

4230

4220

4210

$ 0

0

0

0

660,604

0

0

0

0

0

0

0

60,810

38,303

434020. Total expenses $ 759,717

26. Net income (loss) 4450

440021. Income (loss) before income taxes and items below

441022. Provision for income taxes

442023. Equity in earnings (losses) of unconsolidated subsidiaries, less applicable tax

443024. Extraordinary gains (losses), less applicable tax

444025. Cumulative effect of changes in accounting principles, less applicable tax

$ 9,350

1,077

0

0

0

$ 8,273

- 9 -



CFTC FORM 1-FR-FCM

STATEMENT OF THE CHANGES IN OWNERSHIP EQUITY


45001. Total ownership equity as previously reported $ 11,716,352

45102. Net income (loss) for period 8,273

45203. Other additions to capital (explain below) 7,110

45304. Dividends 0

45405. Other deductions from capital (including partner and proprietary withdrawals) ( Explain below) (637)

45506. Balance (page 5, line 36) $ 11,731,098

See attached for date, explanation and amount.

STATEMENT OF CHANGES IN LIABILITIES

SUBORDINATED TO THE CLAIMS OF GENERAL CREDITORS

PURSUANT TO A SATISFACTORY SUBORDINATION AGREEMENT


Subordinated Debt as Equity Capital *

All Satisfactory Debt that Qualifies

4600 46051. Total subordinated borrowings as previously reported $ 31,140,000 $ 31,140,000

4610 46152. Increases (explain below) 18,750 18,750

4620 46253. Decreases (explain below) 0 0

4630 46354. Balance (page 5, line 31.A) $ 31,158,750 $ 31,158,750

See attached for date, explanation and amount.

* Equity capital is defined in regulation 1.17(d)

- 10 -


CFTC FORM 1-FR-FCM

STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION

FOR CUSTOMERS TRADING ON U.S. COMMODITY EXCHANGES

AS OF 3/31/2017


SEGREGATION REQUIREMENTS (Section 4d(2) of the CEAct)

1. Net ledger balance

5000A. Cash

5010B. Securities (at market)

$ 268,319,395

0

50202. Net unrealized profit (loss) in open futures contracts traded on a contract market (29,567,276)

3. Exchange traded options

5030A. Market value of open option contracts purchased on a contract market

5040B. Market value of open option contracts granted (sold) on a contract market

30,160,021

(16,882,444)

50504. Net equity (deficit) (add lines 1, 2, and 3) $ 252,029,696

5. Accounts liquidating to a deficit and accounts with

debit balances - gross amount

Less: amount offset by customer owned securities

5060

5070 0

$ 0

5080 0

50906. Amount required to be segregated (add lines 4 and 5) $ 252,029,696

FUNDS IN SEGREGATED ACCOUNTS

7. Deposited in segregated funds bank accounts

5100A. Cash

5110

5120C. Securities held for particular customers or option customers in lieu of cash (at market)

B. Securities representing investments of customers' funds (at market)

$ 1,125,409

12,900,000

0

8. Margins on deposit with derivatives clearing organizations of contract markets

A. Cash

B. Securities representing investments of customers' funds (at market)

C. Securities held for particular customers or option customers in lieu of cash (at market)

5130

5140

5150

238,458,723

0

0

9. Net settlement from (to) derivatives clearing organizations of contract markets 5160(212,100)


5170A. Value of open long option contracts

5180B. Value of open short option contracts

30,160,021

(16,882,444)

11. Net equities with other FCMs

5190A. Net liquidating equity

5200B. Securities representing investments of customers' funds (at market)

5210C. Securities held for particular customers or option customers in lieu of cash (at market)

0

0

0

521512. Segregated funds on hand (describe: ) 0

522013. Total amount in segregation (add lines 7 through 12) $ 265,549,609

14. Excess (deficiency) funds in segregation (subtract line 6 from line 13) 5230$ 13,519,913

15. Management Target Amount Excess funds in segregation 5240$ 5,000,000

16. Excess (deficiency) funds in segregation over (under) Management Target Amount Excess 5250$ 8,519,913

- 11 -


CFTC FORM 1-FR-FCM

STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS

IN SEGREGATION FOR CUSTOMERS' DEALER OPTIONS ACCOUNTS

AS OF 3/31/2017


54001. Amount required to be segregated in accordance with Commission regulation 32.6 $ 0

2. Funds in segregated accounts

5410A. Cash $ 0

5420B. Securities (at market) 0

5430C. Total 0

54403. Excess (deficiency) funds in segregation (subtract line 1. from line 2.C.) $ 0

- 12 -


CFTC FORM 1-FR-FCM

STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS

PURSUANT TO COMMISSION REGULATION 30.7

AS OF 3/31/2017


FOREIGN FUTURES AND FOREIGN OPTIONS SECURED AMOUNTS

Amount required to be set aside pursuant to law, rule or

regulation of a foreign government or a rule of a self-regulatory

organization authorized thereunder5605$ 0

1. Net ledger balance - Foreign Futures and Foreign Option Trading - All Customers

A. Cash

B. Securities (at market)

5615

5617

$ 0

$ 0

2. Net unrealized profit (loss) in open futures contracts traded on a foreign board of trade 5625$ 0


A. Market value of open option contracts purchased on a foreign board of trade

B. Market value of open option contracts granted (sold) on a foreign board of trade

5635

5637

$ 0

$ 0

4. Net equity (deficit) (add lines 1, 2, and 3) 5645$ 0

5. Accounts liquidating to a deficit and accounts with

debit balances - gross amount

Less: amount offset by customer owned securities

5651

56545652$ 0 $ 0

$ 0

6. Amount required to be set aside as the secured amount - Net Liquidating Equity Method (add lines 4 and 5) 5655$ 0

7. Greater of amount required to be set aside to a foreign jurisdiction (above) or line 6. 5660$ 0

- 13 -


CFTC FORM 1-FR-FCM

STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS

PURSUANT TO COMMISSION REGULATION 30.7

AS OF 3/31/2017


FUNDS DEPOSITED IN SEPARATE REGULATION 30.7 ACCOUNTS

1. Cash in Banks

5700A. Banks located in the United States

B. Other banks qualified under Regulation 30.7

5710 57305720Name(s):

$ 0

0 $ 0

2. Securities

5740A. In safekeeping with banks located in the United States

B. In safekeeping with other banks qualified under Regulation 30.7

5750 57705760Name(s):

$ 0

0 0

3. Equities with registered futures commission merchants

5780A. Cash

5790B. Securities

5800C. Unrealized gain (loss) on open futures contracts

5810D. Value of long option contracts

5815 5820E. Value of short option contracts

$ 0

0

0

0

0 0

4. Amounts held by clearing organizations of foreign boards of trade

5830Name(s):

5840A. Cash

5850B Securities

5860C. Amount due to (from) clearing organization - daily variation

5870D. Value of long option contracts


$ 0

0

0

0

0 0

5. Amounts held by members of foreign boards of trade

5890Name(s):

5900A. Cash

5910

5920

D. Value of long option contracts

C. Unrealized gain (loss) on open futures contracts

5930


B. Securities

$ 0

0

0

0

0 0

6. Amounts with other depositories designated by a foreign board of trade

5950 5960Name(s): 0

59657. Segregated funds on hand (describe): 0

59708. Total funds in separate section 30.7 accounts $ 0

9. Excess (deficiency) Set Aside Funds for Secured Amount (Subtract line 7 Secured Statement Page 1

5680from line 8) $ 0

10. Management Target Amount for Excess funds in separate 30.7 accounts 5980 0

11. Excess (deficiency) funds in separate 30.7 accounts over (under) Management Target Excess 5985 0

- 14 -

PART II

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

SUPPLEMENT TO

03/31/2017as of: BROKER OR DEALER:

FUNDS IN CLEARED SWAPS CUSTOMER ACCOUNTS UNDER 4D(F) OF THE CEA

STATEMENT OF CLEARED SWAPS SEGREGATION REQUIREMENTS AND

Cleared Swaps Customer Requirements

1. Net ledger balance

8500A. Cash

8510B. Securities (at market) 0

$ 0

2. Net unrealized profit (loss) in open cleared swaps 8520 0

3. Cleared swaps options

8530A. Market value of open cleared swaps option contracts purchased

8540B. Market value of open cleared swaps granted (sold) 0

0

4. Net equity (deficit) (add lines 1, 2 and 3) 8550 0

5. Accounts liquidating to a deficit and accounts with debit balances

- gross amount

Less: amount offset by customer securities

8560

85808570 0 0

$ 0

6. Amount required to be segregated for cleared swaps customers (add lines 4 and 5) 8590 0

Funds in Cleared Swaps Customer Segregated Accounts

7. Deposited in cleared swaps customer segregated accounts at banks

8600A. Cash

B. Securities representing investments of cleared swaps customers' funds (at market)

C. Securities held for particular cleared swaps customers in lieu of cash (at market)

8610

8620 0

0

$ 0

8. Margins on deposit with derivatives clearing organizations in cleared swaps customer segreated accounts

A. Cash

B. Securities representing investments of cleared swaps customers' funds (at market)

C. Securities held for particular cleared swaps customers in lieu of cash (at market)

8630

8640

8650 0

0

0

9. Net settlement from (to) derivatives clearing organizations 8660 0

10. Cleared swaps options

8670A. Value of open cleared swaps long option contracts

8680B. Value of open cleared swaps short option contracts 0

0

11. Net equities with other FCMs

8700B. Securities representing investments of cleared swaps customers' funds (at market)

A. Net liquidating equity 8690

8710C. Securities held for particular cleared swaps customers in lieu of cash (at market) 0

0

0

12. Cleared swaps customer funds on hand (describe: ) 8715 0

13. Total amount in cleared swaps customer segregation (add lines 7 through 12) 8720 0

14. Excess (deficiency) funds in segregation (subtract line 6 from line 13) 8730$ 0

15. Management target Amount for Excess funds in cleared swaps segregated accounts 8760$ 0

16. Excess (deficiency) funds in cleared swaps customer segregation over (under) Management Target Excess 8770$ 0

- 15 -

FREEDOM OF INFORMATION ACT ("FOIAct") NOTICE

Certain statements and schedules in financial reports received by the Commission from futures commission merchants ("FCMs") are

considered by the Commission to be a public record, copies of which may be obtained upon written request to the Commission's Freedom of

Information, Privacy and Sunshine Acts compliance staff in Washington, D.C. Such financial reports include CFTC Form 1-FR-FCM and Securities

and Exchange Commission Financial and Operational Combined Uniform Single Report ("FOCUS report"). Pursuant to Section 1.10(g) of the

Commission's regulations, the following portions of these reports will be considered public and be made available pursuant to requests received

(1) the Statement of Financial Condition;

(2) the Statement of the Computation of the Minimum Capital Requirements (the schedule of guaranteed introducing brokers that is to be

included with this statement in Form 1-FR-FCM will be considered public);

(3) the Statement of Segregation Requirements and Funds in Segregation for Customers Trading on U.S. Commodity Exchanges;

(4) the Statement of Segregation Requirements and Funds in Segregation for Customers' Dealer Options Accounts;

(5) the Statement of Secured Amounts and Funds Held in Separate Accounts for Foreign Futures and Foreign Options Customers;

(6) supplemental schedules that explain or provide additional details concerning any line item for which a supplemental schedule is specifically

called for by the statements set forth in (1) through (5) above; and

(7) the independent public accountant's opinion, if the report is audited.

These statements will be considered public whether filed in electronic or in hard copy form. All other statements or schedules

included in form 1-FR-FCM or the FOCUS report, and notes to audited financial reports will be deemed non-public.

Generally, the Commission may disclose to third parties portions of the "nonpublic" information in the report under

the following circumstances:

(1) in connection with matters in litigation;

(2) in connection with Commission investigations;

(3) where the information is furnished to regulatory, self-regulatory and law enforcement agencies to assist

them in meeting responsibilities assigned to them by law and

Petitions for confidential treatment filed by an FCM with respect to any of the public information contained in the Form 1-FR-FCM

or the FOCUS report will not be processed by Commission staff. However, if the applicant or registrant believes that the placing of any

other information submitted on or with its report in the Commission's public files would constitute an unwarranted invasion of the

applicant's or registrant's personal privacy or would reveal sensitive business information, the registrant or applicant may petition the

Commission to treat such other information as nonpublic pursuant to Section 145.9 in response to requests under the Freedom of

Information Act. Section 145.9 of the Commission's regulations affords the applicant or registrant the right to notice and a right to

- 16 -

Name of Company: NFA ID No:Employer ID No:

CFTC FORM 1-FR-FCM

EXCHANGE SUPPLEMENTARY INFORMATION


80001. Capital to be withdrawn within 6 months $ 0

80102. Subordinated Debt maturing within 6 months $ 0

80203. Subordinated Debt due to mature within 6 months that you plan to renew $ 0

4. Number of Associated Persons

5. Number of Branch Offices

6. Number of Guaranteed Introducing Brokers

7. Number of Guaranteed Introducing Broker Branch Offices

8100

8110

8120

8130

If Adjusted Net Capital is less than $2,000,000 please complete the lines 4 through 7:

0

0

0

0

10. Total net aggregate notional value of all open Forex transactions in retail customer

9. Gross revenue from Forex transactions with retail customers

Futures Commission Merchants and Retail Foreign Exchange Dealers offering off-exchange foreign currency futures

and non-customer (not proprietary) accounts

8140

8150

$ 0

$ 0

and options ("forex") to retail customers

8. Is the firm a registered Futures Commission Merchant ("FCM") that offers to be or acts as a counterparty to retail

foreign exchange transactions or a Retail Foreign Exchange Dealer ("RFED")? 8135No

11. Retail forex related Minimum Dollar Amount Requirement reported in Other NFA Requirement,

Box 3575, Statement of Computation of the Minimum Capital Requirements, Line 22.C.

A. If offering to be or engaging as a counterparty in retail foreign exchange enter $20 million$ 0 8175

$ 0

CME-cleared IRS and CDS positions. (Applicable for FCMs and broker-dealers which cleared

IRS and/or CDS products for customer or house accounts)

12. The aggregate performance bond requirement for all customer and house accounts containing

B. 5% of all liabilities the Forex Dealer Member ("FDM") owes to customers and eligible contract participant (ECP)

counterparties that are not an affiliate of the FDM and are not acting as a dealer exceeding $10,000,000

C. 10% of all liabilities the FDM owes to ECP counterparties that are an affiliate of the FDM not acting as a dealer

D. 10% of all liabilities ECP counterparties that are an affiliate of the FDM and acting as a dealer owe to their

customers (including ECPs), including liabilities related to retail commodity transactions as described in 2(c)(2)(D)

of the Act

E. 10% of all liabilities the FDM owes to ECP counterparties acting as a dealer that are not an affiliate

of the FDM, including liabilities related to retail commodity transactions as described in 2(c)(2)(D) of the

Act

F. Sum of 11.A. - 11.E.

8750

0.00

0.00

0.00

0.00

0.00

8190

8195

8200

8205

8210

General Comments:

- 17 -

8800

8810

8820

8830

8850

8860

8870

8880

8890

8900

$328,978,295

252,029,696

0

0

0

0

2,000,000

11,731,098

31,158,750

1.75 10. Leverage

9. Subordinated Loans

8. Ownership Equity

7. Reverse Repos backed by US Treasury securities and US Government agency and government sponsored

entities(firm owned)

6. US Government agency and government sponsored entities - Long(firm owned)

5. US Treasury securities - Long (firm owned)

4. Amount required to be segregated for cleared swaps customers

3. Amount required to be set aside in separate section 30.7 accounts

2. Amount required to be segregated

1. Total Assets

NFA Financial Requirements Section 16 Information

Leverage

Depositories

8910

8920

No

NoDuring the month did the firm maintain separate 30.7 funds at a depository which is an affiliate?

During the month did the firm maintain customer segregated funds at a depository which is an affiliate?

During the month did the firm maintain cleared swaps customer collateral at a depository which is an affiliate? No 8925

FCM’s Customer Segregated Funds Residual Interest Target (choose one):

a. Minimum dollar amount: $ 0 8930 ; or

8940b. Minimum percentage of customer segregated funds required: ; or 0.00

c. Dollar amount range between: 5,000,000 15,000,000 and8950a 8950b ; or

d. Percentage range of customer segregated funds required between: and8960a 8960b 0.00 0.00

FCM’s Customer Secured Amount Funds Residual Interest Target (choose one)

a. Minimum dollar amount: $ 8970 ; or

b. Minimum percentage of customer secured funds required: 8980 ; or

c. Dollar amount range between: 8990a and 8990b ; or

d. Percentage range of customer secured funds required between: 9000a and 9000b

0

0.00

0 0

0.00 0.00

FCM's Cleared Swaps Customer Collateral Residual Interest Target (choose one)

a. Minimum dollar amount: $ 9010 ; or

b. Minimum percentage of cleared swaps customer collateral required: 9020 ; or

c. Dollar amount range between: 9030 and 9031 ; or

d. Percentage range of cleared swaps customer collateral required between: 9040 and 9041

0

0.00

0 0

0.00 0.00

9042Did the firm act as counterparty to a forex transaction with any Eligible Contract Participants (ECP)?

If yes, indicate the number of ECPs that the firm acted as a counterparty to a forex transaction(s).

Eligible Contract Participants

9043

No

0

- 18 -



AS OF 3/31/2017

STATEMENT DETAILS

CFTC FORM 1-FR-FCM

Other Expenses (Box4330)

3,239Balance Sheet revaluation

35,064Bank charges and other expenses

$ 38,303Total

Other Additions to Capital (Box4520)

3/31/2017 7,110FX revaluation

$ 7,110Total

Other Deductions from Capital (Box4540)

3/31/2017 -637Fair Value adjustment

$ -637Total

All Subordinated Debt - Increases (Box4610)


$ 18,750Total

Equity Subordinated Debt - Increases (Box4615)


$ 18,750Total

- 19 -


LISTING OF GUARANTEED INTRODUCING BROKERS

CFTC FORM 1-FR-FCM

- 20 -

W I N J A M M E R F I L I N G

INITIAL

End Date:3/31/2017

Firm Name:EFL Futures Limited

Form:CFTC Form 1FR-FCM

1

cftc form 1-fr-fcm 0005 - seb group · 2017-05-02 · cftc form 1-fr-fcm 0005 name of company:...

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