INTL FCStone 2012 Annual Report Download - page 104
Download and view the complete annual report
Please find page 104 of the 2012 INTL FCStone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.INTL FCSTONE INC.Form10K88
PART II
ITEM 8 Financial Statements and Supplementary Data
Excluding INTL FCStone DTVM, all other subsidiaries of the Company are in compliance with all of their regulatory requirements
as of September30, 2012, as follows:
(in millions)
Subsidiary RegulatoryAuthority RequirementType
As of September30, 2012
Actual
Minimum
Requirement
FCStone, LLC CFTC Net capital $ 124.3 $ 86.3
FCStone, LLC CFTC Segregated funds $ 1,665.5 $ 1,620.5
FCStone, LLC CFTC Secured funds $ 89.3 $ 77.6
INTL FCStone (Europe) FSA Net capital $ 35.0 $ 18.8
INTL FCStone (Europe) FSA Segregated funds $ 26.4 $ 26.4
INTL Global Currencies Limited FSA Net capital $ 7.6 $ 1.2
TRX Futures Limited FSA Capital adequacy $ 8.5 $ 4.3
INTL FCStone Securities Inc. SEC Net capital $ 2.0 $ 1.0
FCC Investments, Inc. SEC Net capital $ 0.4 $ 0.3
FCStone Australia
Australian Securities and
Investment Commission Net capital $ 1.9 $ 1.0
FCStone Australia New Zealand Clearing Ltd Capital adequacy $ 11.5 $ 1.3
FCStone Europe Central Bank of Ireland Net capital $ 1.8 $ 0.4
Certain other non-U.S. subsidiaries of the Company are
also subject to capital adequacy requirements promulgated
by authorities of the countries in which they operate. As of
September30, 2012, these subsidiaries were in compliance with
their local capital adequacy requirements.
Additional Information of FCStone, LLC
Related to Customer Segregated and Secured
Funds
Pursuant to the requirements of the Commodity Exchange Act,
funds deposited by customers of FCStone, LLC relating to futures
and options-on-futures positions in regulated commodities must
be carried in separate accounts which are designated as segregated
customers’ accounts. Certain amounts in the accompanying table
re ect reclassi cations and eliminations required for regulatory
ling. Funds deposited by customers and other assets, which
have been segregated as belonging to the commodity customers
as of September30, 2012 and 2011, are as follows:
(in millions)
September30, 2012 September30, 2011
Cash, at banks - segregated $ 225.6 $ 71.3
Securities - customer segregated — 5.5
Securities held for customers in lieu of cash, at banks 47.2 3.7
Deposits with and receivables from:
Exchange-clearing organizations, including securities, net of omnibus eliminations 1,370.4 1,358.0
Securities held for customers in lieu of cash 22.3 19.0
Total customer-segregated funds 1,665.5 1,457.5
Amount required to be segregated 1,620.5 1,406.6
Excess funds in segregation $ 45.0 $ 50.9