Comment for Proposed Rule 80 FR 200
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From:
John Mathews
Organization(s):
Midwest Grain LLC
Comment No:
60251
Date:
1/14/2015
Comment Text:
Residual Interest
I urge you to adopt the residual interest proposal that retains the residual interest calculation by futures commission merchants to 6 p.m. on the day following a futures trade. The earlier proposal to move the time to the morning following a trade would require me to pre-margin my hedge accounts. In light of the significant time that it took for me to fully recover my segregated funds missing from the MF Global bankruptcy, to provide additional customer segregated funds to a FCM seems to put me at greater risk.
