SELECTED FCM FINANCIAL DATA 

FROM REPORTS FILED BY 

June 30, 2004

B/D? DSRO A/O Adjusted Net Capital Risk Based Excess 

Futures Commission Merchant Date Net Capital Requirement Requirement Net Capital 

(4% of Seg, SEC Capital 

(a) (b) or $250,000) (c) (d) 

1 ABN AMRO INCORPORATED Y CBOT 05/31/2004 960,598,166 73,489,208 110,013,501 850,584,665 2 ABN AMRO SAGE CORPORATION Y NFA 05/31/2004 126,316,054 1,150,324 609,974 125,165,730 3 ADM INVESTOR SERVICES INC N CBOT 05/31/2004 75,042,803 26,121,550 27,841,370 47,201,433 4 ADVANTAGE FUTURES LLC N CME 05/31/2004 10,096,735 3,656,370 1,737,005 6,440,365 5 ADVEST INC Y NFA 05/31/2004 49,865,669 1,000,000 0 48,865,669 6 AG EDWARDS & SONS INC Y CBOT 05/31/2004 620,266,401 44,933,352 5,192,911 575,333,049 7 AIG CLEARING CORPORATION N NYME 05/31/2004 181,201,370 250,000 16,604,604 164,596,766 8 ALARON TRADING CORPORATION N CME 05/31/2004 5,802,439 2,740,111 1,493,911 3,062,328 9 ALCO COMMODITIES INC N NFA 05/31/2004 465,204 250,000 0 215,204 

10 AMERICAN MUTUAL HOLDING CORPORATION N NFA 05/31/2004 391,911 250,000 0 141,911 11 AMERICAN NATIONAL TRADING CORP N NFA 05/31/2004 1,924,116 761,784 533,554 1,162,332 12 BANC OF AMERICA FUTURES INCORPORATED Y CME 05/31/2004 66,750,240 12,775,008 44,415,887 22,334,353 13 BANC ONE CAPITAL MARKETS INC Y CBOT 05/31/2004 625,528,724 19,466,138 33,865,314 591,663,410 14 BARCLAYS CAPITAL INC Y NYME 05/31/2004 451,144,562 146,652,691 166,669,907 284,474,655 15 BEAR STEARNS & CO INC Y CBOT 05/31/2004 2,269,918,799 84,344,138 0 2,185,574,661 16 BEAR STEARNS SECURITIES CORP Y CME 05/31/2004 3,579,861,318 1,052,234,687 135,419,549 2,527,626,631 17 BIELFELDT & COMPANY LLC N CBOT 05/31/2004 389,038 250,000 0 139,038 18 BLAYLOCK AND PARTNERS LP Y NFA 05/31/2004 7,062,765 314,557 0 6,748,208 19 BNP PARIBAS BROKERAGE SERVICES INC Y CME 05/31/2004 43,232,172 16,826,882 15,543,208 26,405,290 20 BNP PARIBAS COMMODITY FUTURES INC N NYME 05/31/2004 47,327,921 13,291,123 21,201,965 26,125,956 21 BNP PARIBAS SECURITIES CORP Y CBOT 05/31/2004 266,502,374 2,192,444 0 264,309,930 22 C CZARNIKOW SUGAR FUTURES INC N NFA 05/31/2004 1,517,684 250,000 84,981 1,267,684 23 CADENT FINANCIAL SERVICES LLC N CME 05/31/2004 3,480,778 524,083 357,024 2,956,695 24 CAL FINANCIAL CORPORATION N NFA 05/31/2004 436,815 250,000 0 186,815 25 CALYON FINANCIAL INC Y CME 05/31/2004 308,555,436 167,735,525 213,683,852 94,871,584 26 CANTOR FITZGERALD & CO Y CBOT 05/31/2004 40,698,501 5,239,689 1,193,334 35,458,812 27 CAPITAL MARKET SERVICES LLC N NFA 05/31/2004 1,126,355 250,000 0 876,355 28 CARGILL INVESTOR SERVICES INC N CBOT 05/31/2004 84,378,716 50,745,746 68,158,148 16,220,568 29 CDC SECURITIES Y NFA 05/31/2004 77,386,473 250,000 0 77,136,473 30 CIBC WORLD MARKETS CORP Y CME 05/31/2004 847,122,389 27,189,614 12,277,356 819,932,775 31 CITIGROUP GLOBAL MARKETS INC. Y CBOT 05/31/2004 3,843,870,561 575,905,292 272,855,255 3,267,965,269 32 CLIFDEN FUTURES LLC N NFA 05/31/2004 722,471 326,807 162,715 395,664 33 CLIFF LARSON COMPANY THE N NFA 05/31/2004 382,385 250,000 77,603 132,385 34 CLR (USA) INC. N NYME 05/31/2004 30,747,166 2,156,798 5,088,043 25,659,123 35 CMC GROUP PLC N NFA 05/31/2004 4,253,168 250,000 0 4,003,168 36 COESfx CLEARING INC N NFA 05/31/2004 417,123 250,000 0 167,123 37 COMMERZ FUTURES LLC N CME 05/31/2004 16,073,758 4,182,491 7,246,989 8,826,769 38 COUNTRY HEDGING INC N NFA 05/31/2004 6,060,513 1,667,646 3,414,111 2,646,402 39 CREDIT SUISSE FIRST BOSTON LLC Y CBOT 05/31/2004 3,207,093,032 195,397,795 139,617,588 3,011,695,237 40 CRESSWELL CAPITAL LLC N NFA 05/31/2004 2,814,659 250,000 194,844 2,564,659 41 CROSSLAND LLC N CBOT 05/31/2004 2,840,098 318,195 132,576 2,521,903 42 CUNNINGHAM COMMODITIES INC N CBOT 05/31/2004 1,831,976 703,948 298,187 1,128,028 43 DAIWA SECURITIES AMERICA INC Y CME 05/31/2004 174,127,759 8,514,903 2,411,740 165,612,856 44 DAVID A NOYES & CO Y NFA 05/31/2004 2,523,007 250,000 0 2,273,007 45 DEUTSCHE BANK SECURITIES INC Y CBOT 05/31/2004 1,782,703,288 151,720,836 179,761,009 1,602,942,279 46 DORMAN TRADING LLC N CME 05/31/2004 5,224,443 729,859 296,762 4,494,584 47 DUNAVANT COMMODITY CORP N NYCE 03/31/2004 22,327,868 1,182,624 2,254,668 20,073,200 48 EAGLE MARKET MAKERS INC N CBOT 05/28/2004 2,224,895 250,000 90,111 1,974,895 
SELECTED FCM FINANCIAL DATA 

FROM REPORTS FILED BY 

June 30, 2004

B/D? DSRO A/O Adjusted Net Capital Risk Based Excess 

Futures Commission Merchant Date Net Capital Requirement Requirement Net Capital 

(4% of Seg, SEC Capital 

(a) (b) or $250,000) (c) (d) 

49 ED &F MAN COMMODITY ADVISORS INC N NFA 05/31/2004 408,482 250,000 0 158,482 50 ELECTRONIC BROKERAGE SYSTEMS LLC N NFA 05/31/2004 2,165,400 250,000 0 1,915,400 51 FARR FINANCIAL INC N NFA 05/31/2004 1,350,061 735,711 304,020 614,350 52 FC STONE LLC N CME 05/31/2004 18,623,269 11,238,205 13,951,208 4,672,061 53 FCT GROUP LLC N CME 05/31/2004 8,297,547 250,000 450,468 7,847,079 54 FIMAT USA INC Y CME 05/31/2004 283,848,846 159,386,326 179,237,783 104,611,063 55 FIRST CAPITOL GROUP LLC N NFA 05/31/2004 3,508,270 1,875,508 1,905,752 1,602,518 56 FIRST OPTIONS OF CHICAGO INC Y CME 05/28/2004 307,833,981 15,391,715 20,989,883 286,844,098 57 FOREX CAPITAL MARKETS LLC N NFA 05/31/2004 26,424,702 250,000 0 26,174,702 58 FORTIS CLEARING CHICAGO LLC N CBOT 05/31/2004 17,907,244 4,427,873 2,924,291 13,479,371 59 FRIEDBERG MERCANTILE GROUP INC N NFA 05/31/2004 1,798,684 250,000 80,965 1,548,684 60 FRONTIER FUTURES INC N NFA 05/31/2004 1,125,580 638,313 619,568 487,267 61 FUTURES TECH LLC N NFA 05/31/2004 412,986 250,000 0 162,986 62 FX SOLUTIONS LLC N NFA 05/31/2004 939,061 250,000 0 689,061 63 GAIN CAPITAL INC N NFA 05/31/2004 10,463,702 250,000 0 10,213,702 64 GELBER GROUP LLC N CBOT 05/31/2004 17,511,043 785,235 233,299 16,725,808 65 GFS SECURITIES & FUTURES INC N NFA 05/31/2004 342,303 250,000 0 92,303 66 GILDER GAGNON HOWE AND CO LLC Y NFA 05/31/2004 21,141,245 250,000 0 20,891,245 67 GLOBAL FUTURES & FOREX LTD Y NFA 05/31/2004 7,584,886 3,177,228 0 4,407,658 68 GLOBAL FUTURES LLC N NFA 05/31/2004 375,966 250,000 0 125,966 69 GOLDENBERG HEHMEYER & CO Y CBOT 05/31/2004 8,665,234 2,074,315 1,693,271 6,590,919 70 GOLDMAN SACHS & CO Y CBOT 05/28/2004 4,701,457,917 1,043,677,901 549,272,775 3,657,780,016 71 GREENWICH CAPITAL MARKETS INC Y CBOT 05/31/2004 706,230,000 66,520,000 22,841,800 639,710,000 72 HAGERTY GRAIN CO INC N CBOT 05/31/2004 1,858,106 375,159 168,827 1,482,947 73 HORNBLOWER FISCHER & CO Y NFA 05/31/2004 556,376 250,000 56,736 306,376 74 HOTSPOT FX INC N NFA 05/31/2004 2,823,579 250,000 0 2,573,579 75 HSBC SECURITIES USA INC Y CME 05/31/2004 419,330,701 18,936,955 39,372,391 379,958,310 76 IFSCL USA INC N NFA 05/31/2004 617,678 250,000 1,000 367,678 77 IFX MARKETS INC N NFA 05/31/2004 391,110 250,000 0 141,110 78 INTEGRATED BROKERAGE SERVICES INC N NFA 05/31/2004 1,170,173 250,000 132,577 920,173 79 INTERACTIVE BROKERS LLC Y NFA 05/31/2004 100,311,413 6,100,881 3,971,015 94,210,532 80 INTERNATIONAL COMMODITY CLEARING N NFA 05/31/2004 300,064 250,000 0 50,064 81 INVESTEC (US) INCORPORATED Y NFA 05/28/2004 20,670,978 250,000 0 20,420,978 82 IOWA GRAIN CO N CBOT 05/31/2004 13,509,638 5,921,442 7,476,094 6,033,544 83 ITAU SECURITIES INC Y NFA 05/31/2004 2,603,463 250,000 0 2,353,463 84 JP MORGAN FUTURES INC N NYME 05/31/2004 659,721,609 217,153,445 333,249,347 326,472,262 85 JULIUS BAER SECURITIES INC Y NFA 05/31/2004 17,658,427 2,008,570 0 15,649,857 86 KJW LLC N NFA 05/31/2004 823,509 250,000 0 573,509 87 KOTTKE ASSOCIATES LLC N CBOT 05/31/2004 8,087,280 467,609 258,482 7,619,671 88 LADENBURG THALMANN & CO INC Y NFA 05/31/2004 4,060,109 250,000 0 3,810,109 89 LAWRENCE-BONFITTO TRADING COMPANY N CBOT 05/31/2004 2,509,001 295,184 69,883 2,213,817 90 LBS LIMITED PARTNERSHIP N CBOT 05/31/2004 648,011 250,000 0 398,011 91 LEADER INVESTMENTS INC Y NFA 05/31/2004 366,866 250,000 0 116,866 92 LEGG MASON WOOD WALKER INC Y NYME 05/31/2004 417,150,382 23,551,585 0 393,598,797 93 LEHMAN BROTHERS INC Y CBOT 05/31/2004 2,418,034,000 256,925,760 124,263,800 2,161,108,240 94 LINN GROUP ( THE ) N NFA 05/31/2004 334,496 250,000 0 84,496 95 LINSCO/PRIVATE LEDGER CORP Y NFA 05/31/2004 104,936,965 4,095,672 0 100,841,293 96 LOEB PARTNERS CORPORATION Y NFA 05/31/2004 26,425,341 250,000 0 26,175,341 97 MAN FINANCIAL INC N CME 05/31/2004 212,979,512 123,434,119 160,954,731 52,024,781 
SELECTED FCM FINANCIAL DATA 

FROM REPORTS FILED BY 

June 30, 2004

B/D? DSRO A/O Adjusted Net Capital Risk Based Excess 

Futures Commission Merchant Date Net Capital Requirement Requirement Net Capital 

(4% of Seg, SEC Capital 

(a) (b) or $250,000) (c) (d) 

98 MARQUETTE ELECTRONIC BROKERAGE LLC N NFA 05/31/2004 1,052,073 250,000 0 802,073 99 MAXCOR FINANCIAL INC Y NFA 05/31/2004 39,037,038 250,000 0 38,787,038 

100 MBF CLEARING CORP N NYME 05/31/2004 7,572,122 2,951,875 1,681,614 4,620,247 101 MCVEAN TRADING AND INVESTMENTS LLC N NFA 05/31/2004 16,254,326 9,773,854 1,622,070 6,480,472 102 MERRILL LYNCH PIERCE FENNER & SMITH Y CBOT 05/28/2004 2,201,781,826 364,120,881 317,783,537 1,837,660,945 103 MERRILL LYNCH PROFESSIONAL CLEARING CORP Y NFA 05/28/2004 753,485,169 21,543,703 38,173,939 715,311,230 104 MID-CO COMMODITIES INC N NFA 05/31/2004 3,398,264 606,991 1,431,646 1,966,618 105 MITSUI & CO INVESTMENT PRODUTS CORP N NFA 05/28/2004 472,474 250,000 0 222,474 106 MIZUHO SECURITIES USA INC Y CME 05/31/2004 149,018,796 13,711,716 20,535,165 128,483,631 107 MONEY GARDEN CORP N NFA 05/31/2004 3,878,628 250,000 0 3,628,628 108 MORGAN KEEGAN & COMPANY INC Y NFA 05/31/2004 255,601,551 13,700,860 0 241,900,691 109 MORGAN STANLEY & CO INCORPORATED Y CME 05/31/2004 2,856,892,799 859,153,561 232,304,021 1,997,739,238 110 MORGAN STANLEY DW INC Y CBOT 05/31/2004 1,185,061,397 128,550,081 4,459,411 1,056,511,316 111 NATIONAL COMMODITIES CORPORATION INC N NFA 05/31/2004 1,334,877 250,000 91,398 1,084,877 112 NEUBERGER BERMAN LLC Y NFA 05/31/2004 329,872,343 20,381,958 711,087 309,490,385 113 NIKKO SECURITIES CO INTERNATIONAL INC Y NFA 05/31/2004 37,313,843 250,000 0 37,063,843 114 NOMURA SECURITIES INTERNATIONAL INC Y CBOT 05/31/2004 683,374,377 19,608,203 1,193,666 663,766,174 115 OANDA CORPORATION N NFA 05/31/2004 7,648,058 250,000 0 7,398,058 116 OCONNOR & COMPANY LLC Y CBOT 05/31/2004 41,344,412 2,703,857 2,197,980 38,640,555 117 OPEN E CRY LLC N NFA 05/31/2004 381,842 250,000 94,573 131,842 118 OPPENHEIMER & CO INC Y NFA 05/31/2004 186,036,538 20,838,649 0 165,197,889 119 PATTERSON CAPITAL MARKETS LTD N CBOT 05/31/2004 534,993 250,000 0 284,993 120 PAX CLEARING CORPORATION Y CME 05/31/2004 56,979,105 1,815,748 4,097,376 52,881,729 121 PENSON FINANCIAL FUTURES INC N NFA 05/31/2004 432,883 250,000 88,481 182,883 122 PEREGRINE FINANCIAL GROUP INC N NFA 05/31/2004 13,540,828 3,244,947 299,475 10,295,881 123 PERSHING LLC Y CBOT 05/31/2004 897,101,000 176,601,540 0 720,499,460 124 PIONEER FUTURES INC N NYME 05/31/2004 8,667,438 4,478,329 2,297,839 4,189,109 125 PIPER JAFFRAY & CO Y NFA 05/31/2004 241,169,994 11,222,619 0 229,947,375 126 PREFERRED TRADE INC Y NFA 05/31/2004 10,306,948 804,856 0 9,502,092 127 PRUDENTIAL EQUITY GROUP LLC Y NFA 05/31/2004 378,335,000 250,000 0 378,085,000 128 PRUDENTIAL FINANCIAL DERIVATIVES LLC N CBOT 05/31/2004 100,196,000 51,993,200 74,812,240 25,383,760 129 QIX FUTURES INC N NFA 05/31/2004 453,704 250,000 0 203,704 130 QUALIFIED LEVERAGE PROVIDERS INC. N NFA 05/31/2004 5,978,603 250,000 0 5,728,603 131 RAND FINANCIAL SERVICES INC N CME 05/31/2004 15,796,412 6,065,000 9,105,512 6,690,900 132 RAYMOND JAMES & ASSOCIATES INC Y NFA 05/28/2004 358,279,820 23,688,689 27,385 334,591,131 133 RBC CAPITAL MARKETS CORPORATION Y CME 05/31/2004 231,488,735 1,500,000 18,993,392 212,495,343 134 RBC DAIN RAUSCHER INC Y NFA 05/31/2004 285,133,934 30,716,136 0 254,417,798 135 REDSKY SECURITIES LLC Y NFA 05/31/2004 614,675 250,000 0 364,675 136 REFCO LLC N CME 05/31/2004 242,728,653 125,800,206 135,966,936 106,761,717 137 RESOURCE TRADING & BROKERAGE LLC N NFA 05/31/2004 1,242,126 250,000 0 992,126 138 RJ OBRIEN ASSOCIATES INC N CME 05/31/2004 60,176,791 34,116,476 37,430,920 22,745,871 139 ROBBINS FUTURES INC N NFA 05/31/2004 453,439 250,000 48,542 203,439 140 ROBECO USA LLC Y NFA 05/28/2004 61,355,509 1,500,000 0 59,855,509 141 ROSENTHAL COLLINS GROUP LLC N CME 05/31/2004 29,288,062 13,417,783 11,274,181 15,870,279 142 ROSENTHAL GLOBAL SECURITIES LLC Y CBOT 05/31/2004 8,772,747 888,547 0 7,884,200 143 SAFEGUARD FINANCIAL HOLDINGS, LLC N NFA 05/31/2004 451,018 250,000 0 201,018 144 SANFORD C BERNSTEIN & CO LLC Y NFA 05/31/2004 158,184,108 15,635,811 0 142,548,297 145 SENTINEL MANAGEMENT GROUP INC N NFA 05/31/2004 1,325,061 250,000 0 1,075,061 146 SG COWEN & CO. LLC Y NFA 05/31/2004 177,499,017 1,000,000 0 176,499,017 
SELECTED FCM FINANCIAL DATA 

FROM REPORTS FILED BY 

June 30, 2004

B/D? DSRO A/O Adjusted Net Capital Risk Based Excess 

Futures Commission Merchant Date Net Capital Requirement Requirement Net Capital 

(4% of Seg, SEC Capital 

(a) (b) or $250,000) (c) (d) 

147 SHATKIN ARBOR KARLOV & CO N CBOT 05/31/2004 3,586,340 501,633 181,589 3,084,707 148 SHAY GRAIN CLEARING COMPANY N KCBT 03/31/2004 776,964 250,000 0 1,602,151 149 SHEPARD INTERNATIONAL INC N NFA 05/31/2004 1,903,730 250,000 0 1,653,730 150 SHERWOOD FUTURES GROUP LLC N NFA 05/31/2004 796,988 250,000 0 546,988 151 SMW TRADING COMPANY INC N CME 05/28/2004 7,334,212 429,671 310,584 6,904,541 152 SNC INVESTMENTS INC N NFA 05/31/2004 338,484 250,000 0 88,484 153 SOLID GOLD FINANCIAL SERVICES INC N NFA 05/31/2004 295,561 250,000 0 45,561 154 SPEAR LEEDS & KELLOG Y NFA 05/28/2004 801,992,322 29,228,547 6,313,664 772,763,775 155 SPENCER FINANCIAL LLC N NFA 05/31/2004 264,851 250,000 0 14,851 156 STEPHENS INC Y NFA 05/28/2004 67,611,251 12,093,673 0 55,517,578 157 STERLING COMMODITIES CORP N NYME 05/31/2004 10,012,784 1,273,545 354,729 8,739,239 158 SWISS AMERICAN SECURITIES INC Y NFA 05/31/2004 88,232,016 4,286,548 0 83,945,468 159 TCA FUTURES LLC N NFA 05/31/2004 414,792 250,000 0 164,792 160 TENCO INC N CBOT 05/31/2004 23,582,003 4,379,586 5,267,336 18,314,667 161 TIMBER HILL LLC Y CME 05/31/2004 414,584,673 1,935,011 3,971,127 410,613,546 162 TOKYO-MITSUBISHI FUTURES USA INC N CME 05/31/2004 14,596,205 250,000 1,699,271 12,896,934 163 TRADELINK LLC Y CBOT 05/31/2004 16,936,548 250,000 865,103 16,071,445 164 TRADESTATION SECURITIES INC Y NFA 05/31/2004 12,008,161 439,999 0 11,568,162 165 TRADITION SECURITIES AND FUTURES INC N NFA 05/31/2004 381,766 250,000 0 131,766 166 TRANSMARKET GROUP LLC Y CBOT 05/31/2004 11,580,719 250,000 0 11,330,719 167 TRILAND USA INC N NYME 05/31/2004 19,130,922 1,932,760 2,691,638 16,439,284 168 UBS FINANCIAL SERVICES INC. Y CBOT 05/31/2004 1,351,048,364 202,981,373 22,849,046 1,148,066,991 169 UBS SECURITIES LLC Y CBOT 05/31/2004 3,228,817,653 318,558,626 245,933,392 2,910,259,027 170 UFJ FUTURES LLC N CME 05/31/2004 14,379,217 250,000 1,985,233 12,393,984 171 UNIVERSAL FINANCIAL HOLDING CORP N NFA 05/31/2004 795,523 250,000 241,572 545,523 172 VELOCITY FUTURES LP N NFA 05/31/2004 1,654,900 425,780 0 1,229,120 173 VIEWTRADE SECURITIES INC Y NFA 05/31/2004 1,027,993 386,000 0 641,993 174 VISION LIMITED PARTNERSHIP N NFA 05/31/2004 13,057,694 6,621,883 6,552,043 6,435,811 175 WACHOVIA CAPITAL MARKETS LLC Y NFA 05/31/2004 448,583,421 8,181,153 0 440,402,268 176 WACHOVIA SECURITIES FINANCIAL NETWORK LL Y NFA 05/31/2004 18,059,153 1,050,441 0 17,008,712 177 WACHOVIA SECURITIES LLC Y NFA 05/31/2004 869,438,000 60,498,060 0 808,939,940 178 WALL STREET DERIVATIVES INC N NFA 05/31/2004 433,916 250,000 0 183,916 179 WESTMINSTER S&D LTD N NFA 05/31/2004 1,670,631 250,000 0 1,420,631 180 WHITE COMMERCIAL CORPORATION N NFA 05/31/2004 1,689,314 250,000 0 1,439,314 181 XPRESSTRADE LLC N NFA 05/31/2004 3,520,265 250,000 0 3,270,265 182 YORK BUSINESS ASSOCIATES LLC N CBOT 05/31/2004 702,929 250,000 15,168 452,929 

Total 50,005,464,915 

April Web Page Update 179Additions 3CAL FINANCIAL CORPORATIONRESOURCE TRADING AND BROKERAGE LLCWACHOVIA CAPITAL MARKETS LLCDeletions
SELECTED FCM FINANCIAL DATA 

FROM REPORTS FILED BY 

June 30, 2004

B/D? DSRO A/O Adjusted Net Capital Risk Based Excess 

Futures Commission Merchant Date Net Capital Requirement Requirement Net Capital 

(4% of Seg, SEC Capital 

(a) (b) or $250,000) (c) (d) 

Name Change May Web Page Update 182(a): B/D? : A 'Y' means the FCM is also registered with the Securities and Exchange Commission as a securities broker or dealer. (b): DSRO: Designated Self-Regulatory Organization. (c): Risk-based net capital requirement is the sum total of 8% of customer, and 4% of non-customer risk margin for domestic and foreign future accounts (excluding proprietary accounts). The risk based minimum requirement applies to all FCMs which are a member of the National Futures Association was effective 10/31/00.(d): Excess net capital is adjusted net capital, less the greater of the net capital requirement or riskbased requirement. (e): This represents the total amount of funds that an FCM is required to segregate on behalf of customers who are trading on commodity exchanges located in the United States. This is the sum of all accounts that contain a net liquidating equity.(f): This represents the amount of funds an FCM is required to set aside for customers who trade on commodity exchanges located outside of the United States. The amount to be set aside for a customer's foreign commodity account may be less than the net liquidating equity in the customer's account. Note: Any errors in this table should be brought to the attention of the CFTC's Division of Clearing and and Intermediary Oversight via e-mail: fzimmerle@cftc.gov or sgreska@cftc.gov.