A national bank generally establishes a futures commission merchant (FCM) operating subsidiary for one of two reasons. First, a FCM operating subsidiary provides a bank that engages in futures and options transaction flow and reducing transaction costs. Second, establishing a FCM operating subsidiary allows a national bank to provide an additional service - that of executing and/or clearing futures and options contracts- to bank customers.
| Author: Comptroller of the Currency Administrato |
| Publisher: Createspace Independent Publishing Platform |
| Publication Date: Oct 31, 2014 |
| Number of Pages: 50 pages |
| Binding: Paperback or Softback |
| ISBN-10: 1502908646 |
| ISBN-13: 9781502908643 |