Advertising

Omnibus account

• An account carried by one futures commission merchant with another futures commission merchant in which the transactions of two or more persons are combined and carried in the name of the originating broker, rather than designated separately. Related: commission house.

• Is an account carried on the books by one futures commission merchant (FCM) for another FCM. Here, the transactions of multiple accounts are combined and viewed as one for bookkeeping purposes. This operation does not require the disclosure or identification of the underlying account owners.

 
 Embedded terms in definition
 Books
Broker
Commission house
Commission
Futures commission merchant
Futures
Underlying
 
 Related Terms
 

<< Old line factoring On balance volume >>

"Green" Banking: Saving the Environment as You Save and Borrow Money: You're probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? Here are options that may be available from your bank. More...

A true friend is someone who is there for you when they would rather be someplace else. - Len Wein

Advertising



Copyright 2009-2019 GVC. All rights reserved.