CFTC Form 1-FR-IB Instructions - National Futures Association

(B) Any excess market value of the securities over the contract
price for resale of those securities under any other reverse
repurchase agreement with the same party;
(C) The difference between the contract price for resale and the
market value of securities subject to repurchase agreements with the
same party (if the market value of those securities is less than the
contract price); and,
(D) Calls for margin, marks to the market, or other required
deposits which are outstanding one business day or less.
[CHARGE FOR REPURCHASE AGREEMENTS]
be:
(3)(i) In the case of repurchase agreements, the deduction shall
(A) The excess of the repurchase agreement deficit over 5 percent
of the contract price for resale of United States Treasury Bills,
Notes and Bonds, 10 percent of the contract price for the resale of
securities issued or guaranteed as to principal or interest by an
agency of the United States or mortgage related securities as defined
in section 3(a)(41) of the Act and 20 percent of the contract price
for the resale of other securities and;
(B) The excess of the aggregate repurchase agreement deficits
with any one party over 25 percent of the broker or dealer's net
capital before the application of paragraphs (c)(2)(vi) or (f)(3) of
this section (less any deduction taken under paragraph
(c)(2)(iv)(F)(3)(i)(A) of this section or, if greater;
(C) The excess of the aggregate repurchase agreement deficits
over 300 percent of the broker or dealer's net capital before the
application of paragraphs (c)(2)(vi) or (f)(3) of this section.
(ii) In determining the required deduction under paragraph
(c)(2)(iv)(F)(3)(i) of this section, the broker or dealer may reduce a
repurchase agreement deficit by:
(A) Any margin or other deposits held by the broker or dealer on
account of a reverse repurchase agreement with the same party to the
extent not otherwise used to reduce a reverse repurchase deficit;
(B) The difference between the contract price and the market
value of securities subject to other repurchase agreements with the
same party (if the market value of those securities is less than the
contract price) not otherwise used to reduce a reverse repurchase
agreement deficit; and
(C) Calls for margin, marks to the market, or other required
deposits which are outstanding one business day or less to the extent
not otherwise used to reduce a reverse repurchase agreement deficit.