Event: Roundtable

Day 1: CFTC Staff Public Roundtable to Discuss Additional Customer Collateral Protections

Staff of the Commodity Futures Trading Commission (CFTC) will hold a two-day public roundtable to discuss additional customer collateral protection. The roundtable is to gather public input on a variety of ideas to further protect customers.

Day one discussions will focus on issues related to the advisability and practicality of implementing the legal segregation with operational commingling (LSOC) model as the segregation model for collateral posted by futures customers (the Commission has already approved this model for swaps); alternative models for the custody of customer collateral; enhancing futures commission merchant (FCM) controls over the disbursement of customer funds deposited for trading on U.S. futures markets; increasing transparency surrounding an FCM’s holding and investment of customer funds; and lessons learned from commodity brokerage bankruptcy proceedings.


Wednesday, February 29, 2012, 9:30 am


CFTC’s Conference Center, 1155 21st, NW, Washington DC


Customer Collateral Protections

Listening Information:


Domestic Toll-Free Number: (866) 844-9416
International Toll Numbers:
Passcode: CFTC

The meeting will be open to the public on a first come, first served basis.

Agenda for Day 1:

9:30 a.m.

First Session – LSOC for Futures

10:30 a.m.

Morning Break

10:45 a.m.

Second Session – Alternative Models for Custody of Customer Collateral

12:45 p.m.

Lunch Break

1:30 p.m.

Third Session – Enhancing Customer Protection and Transparency Through an FCM on U.S. Futures Markets

4:30 p.m.

Fourth Session – Commodity Broker Bankruptcies/Part 190

5:30 p.m.

Roundtable Concludes

CFTC Press Release 6188-12

Panelists: February 29, 2012 Public Roundtable on Customer Protection

View Roundtable Video

Morning Transcript

Afternoon Transcript


Members of the public wishing to submit their views on the topics addressed at the roundtable may do so via:

    • Paper submission to David Stawick, Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581; or

    • Electronic submission by visiting Comment Online and following the instructions for submitting comments through the CFTC’s website.

All comments on the Day 1 discussions must be identified by RIN number 3038-AD70.

All submissions provided to the CFTC in any electronic form or on paper may be published on the Commission’s website, without review and without removal of personally identifying information.

Last Updated: May 21, 2012