Course Overview
This course has been jointly developed by NFA, FIA, and industry professionals to help market participants understand the safeguards in place to protect customer funds in the futures market. This online course is designed to meet the training requirements mandated by Commodity Futures Trading Commission Rule 1.11.
Course duration: 60 minutes
Course Pricing
Key Takeaways
Upon successful completion of the course, learners will:
- Have a better understanding of the need for segregation and the regulatory structure in place for handling customer funds.
- Be aware of the Risk Management Program (RMP) policies and procedures related to segregation risks and protection regimes for classification/origins for U.S. and non-U.S. markets.
- Know how residual interest works and the restrictions on the use of excess funds.
- Recognize permitted investment types, liquidity requirements, and recordkeeping obligations for customer funds.
- Understand daily segregation computation, segregation investment detail reports, and when regulators must be notified.
- Know the financial information that must be posted on an FCM's website. (Optional module, FCM supervisor determines completion requirement.)
Course Details
This course focuses on:
- The basics of segregation
- Residual interest
- Investment of customer funds
- Recordkeeping, reporting and notification requirements
- Public disclosure of FCM customer funds information
The course includes interactive exercises to test comprehension.
Who Should Take this Course?
- All finance, treasury, operations, regulatory, compliance, settlement, and other relevant officers and employees within the organization must be trained annually (CFTC Rule 1.11).
- Customers, regulators, and risk professionals who want to understand the safeguards in place in the futures markets.
To complete the course, learners must pass the final assessment with a score of 80% or higher. Upon successful completion, a training certificate will be available for download.
Course Pricing
