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[null,"Commodity Futures Trading Commission"]
[null,"Division of Clearing and Intermediary Oversight"]
[]
["Part I- CFTC Regulation 1.25- Investment of Customer Funds"]
[]
["Name of Respondent:"]
["National Futures Association Number:"]
[]
["1.  Please provide the following information pertaining to your direct investment of customer"]
["funds in permitted investments under Regulation 1.25(a)(1)(i)-(viii) as of November 30, 2007"]
["(your response should include permitted investments that are subject to a repurchase agreement):"]
["Type of Investment","Approximate Dollar Amount","Percentage of Total Regulation 1.25 Direct Investments "]
["US Government Securities"]
["Municipal Securities"]
["Government-Sponsored Enterprise Securities"]
["Certificates of Deposit"]
["Commercial Paper"]
["Corporate Notes or Bonds"]
["General Obligations of a Sovereign Nation"]
["Money Market Mutual Funds"]
["Total",0,0]
[]
["2.  For the period from December 1, 2006 through November 30, 2007, did you engage in repurchase transactions using customer "]
["cash or securities purchased with customer cash, as permitted by Regulation 1.25(a)(2)(i)?"]
[]
["Yes"]
["No"]
[]
["If so, please provide the following information pertaining to reverse repurchase agreements (cash out, securities in)"]
["and repurchase agreements (securities purchased with customer cash out, cash in), as of November 30, 2007:"]
["Type of Investment","Approximate Dollar Amount"]
["Reverse Repurchase Agreements"]
["Repurchase Agreements"]
["Total",0]
[]
["For reverse repurchased agreements, as permitted by Regulation 1.25(a)(2)(i), please provide the following"]
["information regarding the securities obtained in the transactions, as of November 30, 2007:"]
["Incoming Securities","Approximate Dollar Amount"]
["US Government Securities"]
["Municipal Securities"]
["Government-Sponsored Enterprise Securities"]
["Certificates of Deposit"]
["Commercial Paper"]
["Corporate Notes or Bonds"]
["General Obligations of a Sovereign Nation"]
["Total",0]
[]
["3.  For the period from December 1, 2006 through November 30, 2007, did you engage in in-house transactions permitted "]
["by Regulation 1.25(a)(3)(i)-(iii)?"]
["Yes"]
["No"]
[]
["If so, please provide the following information pertaining to in-house transactions, as of November 30, 2007:"]
["Type of Investment","Approximate Dollar Amount"]
["Regulation 1.25(a)(3)(i) (cash out, securities in)"]
["Regulation 1.25(a)(3)(ii) (securities for securities)"]
["Regulation 1.25(a)(3)(iii) (securities out, cash in)"]
["Total",0]
[]
["For investments under Regulation 1.25(a)(3)(i) (cash out, securities in), please provide the following"]
["information, as of November 30, 2007:"]
["Incoming Securities","Approximate Dollar Amount"]
["US Government Securities"]
["Municipal Securities"]
["Government-Sponsored Enterprise Securities"]
["Certificates of Deposit"]
["Commercial Paper"]
["Corporate Notes or Bonds"]
["General Obligations of a Sovereign Nation"]
["Total",0]
[]
["For investments under Regulation 1.25(a)(3)(ii) (securities for securities), please provide the"]
["following information, as of November 30, 2007"]
["Incoming Securities","Approximate Dollar Amount"]
["US Government Securities"]
["Municipal Securities"]
["Government-Sponsored Enterprise Securities"]
["Certificates of Deposit"]
["Commercial Paper"]
["Corporate Notes or Bonds"]
["General Obligations of a Sovereign Nation"]
["Total",0]
[]
["4.  For the period December 1, 2006 through November 30, 2007, did you directly or indirectly invest in any instruments that contain an "]
["embedded derivative, as permitted under Regulation 1.25(b)(3)(i)?"]
[]
["Yes"]
["No"]
[]
["5.  For the period December 1, 2006 through November  30, 2007, did you directly or indirectly invest in any adjustable rate securities,"]
["as permitted under Regulation 1.25(b)(3)(iv)?"]
["Yes"]
["No"]
[]
["6.  Does the information provided in your responses to questions 1 through 5 as of November 30, 2007,  substantially reflect your overall "]
["investment strategy for the period from December 1, 2006 through November 30, 2007?  If not, please describe how it differs."]
{"$rows_empty":8}
["7.  Please indicate in which types of investments, as permitted by Regulation 1.25(a)(1)(i)-(viii), you directly invested at any time"]
["during the period from December 1, 2006 through November 30, 2007:"]
["Type of Investment","Did you invest?"]
["US Government Securities"]
["Municipal Securities"]
["Government-Sponsored Enterprise Securities"]
["Certificates of Deposit"]
["Commercial Paper"]
["Corporate Notes or Bonds"]
["General Obligations of a Sovereign Nation"]
["Money Market Mutual Funds"]
[]
["8.  For the period from December 1, 2006 through November 30, 2007, did you intentionally limit your Regulation 1.25 investments"]
["to those that were acceptable to clearing organizations as margin deposits?"]
["Yes"]
["No"]
[]
["Part II- CFTC Regulation 30.7- Investment of Secured Amounts"]
[]
["9.  Please provide the following information pertaining to your direct investment of secured amounts under Regulation 30.7,"]
["as of November 30, 2007 (your response should include securities that are subject to a repurchase agreement):"]
["Type of Investment","Approximate Dollar Amount","Percentage of Total Regulation 30.7 Investments"]
["US Government Securities"]
["Municipal Securities"]
["Government-Sponsored Enterprise Securities"]
["Certificates of Deposit"]
["Commercial Paper"]
["Corporate Notes or Bonds"]
["General Obligations of a Sovereign Nation"]
["Money Market Mutual Funds"]
["Other (see question 10)"]
["Total",0,0]
[]
["10.  Please provide the following information pertaining to additional investments of secured amounts, not otherwise identified"]
["in question 10 above, as of November 30, 2007:"]
["Type of Investment","Approximate Dollar Amount"]
[]
[]
[]
["Total",0]
[]
["11.  For the period from December 1, 2006 through November 30, 2007, did you engage in repurchase transactions with"]
["securities purchased with secured amounts?"]
["Yes"]
["No"]
[]
["12.  For the period from December 1, 2006 through November 30, 2007, did you directly or indirectly invest in any instruments that contain an"]
["embedded derivative (e.g., a call option, or interest cap, floor or collar)?"]
["Yes"]
["No"]
[]
[]
["13.  For the period from December 1, 2006 through November 30, 2007, did you directly or indirectly invest in any adjustable rate securities?"]
["Yes"]
["No"]
[]
["14.  Does the information provided in your responses to questions 9 through 13 as of November 30, 2007, substantially reflect your overall "]
["investment strategy for the period from December 1, 2006 through November 30, 2007?  If not, please describe how it differs."]
[]
[]
[]
[]
["Part III- Additional Comments"]
[]
["12.  Please provide any additional comments which might assist the CFTC in understanding your investment strategies and "]
["evaluating requirements applicable to the investment of customer funds and secured amounts."]

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