Form CFTC Form 304 CFTC Form 304 Statement of Cash Positions for Unfixed-Price Cotton “On

Voting Draft – As approved by the Commission on 1/30/2020
(subject to technical corrections)

CFTC FORM 304
Statement of Cash Positions for Unfixed-Price
Cotton “On Call”

NOTICE: Failure to file a report required by the Commodity Exchange Act (“CEA” or the
“Act”)1 and the regulations thereunder,2 or the filing of a report with the Commodity Futures
Trading Commission (“CFTC” or “Commission”) that includes a false, misleading, or fraudulent
statement or omits material facts that are required to be reported therein or are necessary to make
the report not misleading, may (a) constitute a violation of section 6(c)(2) of the Act (7 U.S.C. 9),
section 9(a)(3) of the Act (7 U.S.C. 13(a)(3)), and/or section 1001 of Title 18, Crimes and
Criminal Procedure (18 U.S.C. 1001) and (b) result in punishment by fine or imprisonment, or
both.
PRIVACY ACT NOTICE
The Commission’s authority for soliciting this information is granted in sections 4i and 8 of the
CEA and related regulations (see, e.g., 17 CFR 19.02). The information solicited from entities
and individuals engaged in activities covered by the CEA is required to be provided to the CFTC,
and failure to comply may result in the imposition of criminal or administrative sanctions (see,
e.g., 7 U.S.C. 9 and 13a-1, and/or 18 U.S.C. 1001). The information requested is used by the
Commission to prepare its cotton on-call report. The requested information may be used by the
Commission in the conduct of investigations and litigation and, in limited circumstances, may be
made public in accordance with provisions of the CEA and other applicable laws. It may also be
disclosed to other government agencies and to contract markets to meet responsibilities assigned
to them by law. The information will be maintained in, and any additional disclosures will be
made in accordance with, the CFTC System of Records Notices, available on www.cftc.gov.

1

7 U.S.C. section 1, et seq.
Unless otherwise noted, the rules and regulations referenced in this notice are found in chapter 1 of title
17 of the Code of Federal Regulations; 17 CFR chapter 1 et seq.

2

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Voting Draft – As approved by the Commission on 1/30/2020
(subject to technical corrections)

BACKGROUND & INSTRUCTIONS
Applicable Regulations:
x 17 CFR 19.00(a) specifies who shall file Form 304.
x 17 CFR 19.02(a) specifies the information required on Form 304.
x 17 CFR 19.02(b) specifies the frequency (weekly), the report date (close of business on
Friday), and the time (9 a.m. Eastern Time on the third business day following that
Friday) and manner, for filing the Form 304.
Please follow the instructions below to generate and submit the required filing. Relevant
regulations are cited in parentheses () for reference. Unless the context requires otherwise, the
terms used herein shall have the same meaning as ascribed in parts 15 to 21 of the Commission’s
regulations.
Complete Form 304 as follows:
The trader identification fields should be completed by all filers. This Form 304 requires
traders to identify themselves using their Public Trader Identification Number, in lieu of the
CFTC Code Number required on previous versions of the Form 304. This number is provided to
traders who have previously filed Forms 40 or 102 with the Commission. Traders may contact the
Commission to obtain this number if it is unknown. If a trader has a National Futures Association
Identification Number (“NFA ID”) and/or a Legal Entity Identifier (“LEI”), the trader should also
identify itself using those numbers. Form 304 requires traders to identify the name of the
reporting trader or firm and the contact information (including full name, address, phone number,
and email address) for a natural person the Commission may contact regarding the submitted
Form 304.
Merchants and dealers of cotton shall report on Form 304. Report in hundreds of 500-lb.
bales unfixed-price cotton “on-call” pursuant to § 19.02(a) of the Commission’s regulations.
Include under “Call Purchases” stocks on hand for which price has not yet been fixed. For each
listed stock, report the delivery month, delivery year, quantity of call purchases, and quantity of
call sales.
The signature/authorization page shall be completed by all filers. This page shall include the
name and position of the natural person filing Form 304 as well as the name of the reporting
trader represented by that person. The trader certifying this Form 304 on the
signature/authorization page should note that filing a report that includes a false, misleading, or
fraudulent statement or omits material facts that are required to be reported therein or are
necessary to make the report not misleading, may (a) constitute a violation of section 6(c)(2) of
the Act (7 U.S.C. 9), section 9(a)(3) of the Act (7 U.S.C. 13(a)(3)), and/or section 1001 of Title
18, Crimes and Criminal Procedure (18 U.S.C. 1001) and (b) result in punishment by fine or
imprisonment, or both.

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Voting Draft – As approved by the Commission on 1/30/2020
(subject to technical corrections)
Submitting Form 304: Once completed, please submit this form to the Commission pursuant to
the instructions on [www.cftc.gov] or as otherwise directed by Commission staff. If submission
attempts fail, the reporting trader shall contact the Commission at [[email protected]] for
further technical support.

Please be advised that pursuant to 5 CFR 1320.5(b)(2)(i), you are not required to respond to this
collection of information unless it displays a currently valid OMB control number.

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Address

First Name

Last Name

Phone
Number

Email Address

Contact Information:

Middle
Name

Name of Person to Contact Regarding This Form:

Name of Reporting Trader or Firm:

Legal Entity Identifier (LEI)

Identification Codes:

Identifying Information

Suffix

OMB No. 3038-0013

CFTC Form 304 (XX-XX)
Previous Editions Obsolete

Delivery Month

434

Delivery Year

Call Purchases
(’00 bales)

Call Sales
(’00 bales)

Unfixed-price Cotton “on-call” pursuant to § 19.02(a); include under “Call Purchases” stocks on hand for which price has not yet been fixed. Report
in hundreds of bales (500-lb. bales).

NOTICE: Failure to file a report required by the Commodity Exchange Act (“CEA” or the “Act”) and the regulations thereunder, or the filing of a report with the Commodity Futures Trading Commission (“CFTC” or
“Commission”) that includes a false, misleading or fraudulent statement or omits material facts that are required to be reported therein or are necessary to make the report not misleading, may (a) constitute a violation of
section 6(c)(2) of the Act (7 U.S.C. 9), section 9(a)(3) of the Act (7 U.S.C. 13(a)(3)), and/or section 1001 of Title 18, Crimes and Criminal Procedure (18 U.S.C. 1001) and (b) result in punishment by fine or imprisonment, or
both. Please be advised that pursuant to 5 CFR 1320.5(b)(2)(i), you are not required to respond to this collection of information unless it displays a currently valid OMB control number.

COMMODITY FUTURES TRADING COMMISSION
FORM 304
STATEMENT OF CASH POSITIONS FOR UNFIXED-PRICE
COTTON “ON-CALL”

NFA ID

Public Trader ID No. [provided by CFTC]

(subject to technical corrections)

Voting Draft – As approved by the Commission on 1/30/2020

CFTC Form 304 (XX-XX)
Previous Editions Obsolete

Date of Submission: _____________________

____________________ (Reporting Trader Name)

Submitted on behalf of:

____________________ (Position)

____________________ (Name)

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By checking this box and submitting this form (or by clicking “submit,” “send,” or any other analogous transmission command if
transmitting electronically), I certify that I am duly authorized by the reporting trader identified below to provide the information
and representations submitted on this Form 304, and that to the best of my knowledge the information and representations made
herein are true and correct.

Reporting Trader Authorized Representative (Name and Position):

Signature/ Electronic Authentication:

Please sign/authenticate the Form 304 prior to submitting.

(subject to technical corrections)

Voting Draft – As approved by the Commission on 1/30/2020

Delivery Year
2017
2017

Delivery Month

July

October

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66

2

Call Purchases
(’00 bales)

80

18

Call Sales
(’00 bales)

Unfixed-price Cotton “on-call” pursuant to § 19.02(a); include under “Call Purchases” stocks on hand for which price has not yet been
fixed. Report in hundreds of bales (500-lb. bales).

Form 304, Example – July 2017 Call purchases of 200 bales and sales of 1,800 bales; October Call purchases of 6,600 bales
and sales of 8,000 bales.

(subject to technical corrections)

Voting Draft – As approved by the Commission on 1/30/2020