Treasury is providing additional Questions and Answers (Qs & As) relating to its large position recordkeeping and reporting rules. We will periodically update this site with new Qs and As based on inquiries we receive, so check out this site occasionally for new information.

A list of the new questions appears in the historical area, and each new question in the list has been hypertexted to take you to that question and answer in the updated set of Qs & As. This will help you to find any updates made since your last version. Each new question has been numbered and inserted into the appropriate section of the original document.

List of Questions added on April 11, 1997

3.2) Net Trading Position - Futures Contracts

3.2.1) Are futures contracts to be included in the computation of the net trading position if securities designated as "cheapest to deliver" are specified for delivery to close out the contract?

3.4) Net Fails Position

3.4.1) What is the treatment of fails in the large position report?
3.4.2) What is the treatment of fail financings in the large position report?

4.5) Regarding the requirement to retain large position records for either 3 or 6 years, depending on the type of record, does the time frame apply from the date Treasury requests a large position report?

Updated April 21, 1997