Form 17-H Form 17-H

United States
Securities and Exchange Commission
Washington, D.C. 20549

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FORM 17-H
RISK ASSESSMENT REPORT FOR BROKERS AND DEALERS
PART I
Risk Assessment Reporting Requirements for Brokers and Dealers
NAME OF REPORTING BROKER-DEALER
14

SEC FILE NO.
CRD NO.

12
16

ADDRESS OF PRINCIPAL PLACE OF BUSINESS
18

FIRM I.D. NO.
20

FOR PERIOD BEGINNING (MM/DD/YY)

FILING TYPE: (Check Appropriate Boxes)
QUARTERLY ANNUAL
AMENDED

22
26

AND ENDING (MM/DD/YY)

28

30

24

NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
32

NAME(S) OF MATERIAL ASSOCIATED PERSONS CONTAINED IN THIS REPORT:
34

36

38

40

42

NAME OF ASSOCIATED BROKER-DEALER(S) NOT FILING (If applicable)
4_4
48

46
50

52

ATTENTION
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. § 1001 and 15
U.S.C. § 78ff(a).
Intentional misstatements or omissions of facts may also result in civil fines and other sanctions pursuant to Section
20 of the Securities Exchange Act of 1934.
The person signing this report represents hereby that all information contained in this Form is true, correct and
complete. It is understood that all information in this Form is considered an integral part of this Form and that the
submission of any amendment represents that all unamended information remains true, correct and complete as
previously filed.
Pursuant to the Securities Exchange Act of 1934, the undersigned has caused this report to be signed on its behalf in
the City of
and State of
on the
day of
, 20 .

(Name of Broker-Dealer)

(Signature and Title of Person Duly Authorized to Submit This Report)
Persons who respond to the collection of information contained in this form are not required to
respond unless the form displays a currently valid OMB control number.

SEC 2332 (1-10)

GENERAL INSTRUCTIONS
1. This Form consists of two parts. Part I consists of the organizational, policy and legal information required
by paragraphs (a)(1)(i) through (iii) of section 240.17h-1T, together with the financial statements required by
paragraphs (a)(1)(iv) and (v) of section 240.17h-1T. Part II contains line items for reporting the numerical and
other data required by paragraphs (a)(1)(vi) through (x) of section 240.17h-1T.
2. Report as of the last day of the fiscal quarter. This Form is to be filed within 60 calendar days of the end of
each fiscal quarter by brokers and dealers concerning each Material Associated Person (as defined in Temporary
Rules 17h-1T and 17h-2T). The Form for the fourth fiscal quarter shall be filed within 60 calendar days of the
end of the fiscal year. The cumulative year-end financial statements required by paragraphs (a)(1)(iv) and (v)
of section 240.17h-1T may be filed separately within 105 calendar days of the end of the fiscal year.
3. In the event a broker or dealer is associated with one or more other registered brokers or dealers, each broker
or dealer is required to file a separate Form 17-H. The Commission may exempt from the filing requirements
all brokers or dealers associated with a broker or dealer that has been designated a “Reporting Broker or Dealer.”
The term “Reporting Broker or Dealer” shall have the meaning set forth in Rules 17h-1T and 17h-2T. A broker
or dealer seeking designation as a Reporting Broker or Dealer must apply to the Commission for an exemption
pursuant to Rule 17h-2T. Pending such designation, each broker or dealer associated with the broker or dealer
requesting such designation as a Reporting Broker or Dealer is required to file a separate Form 17-H.
4. The information requested in Part II of this Form shall be completed separately for each Material Associated
Person, even if the financial data contained in the broker or dealer’s Form X-17A-5 contains information
concerning a Material Associated Person. The broker-dealer should not include information concerning its
activities in the information required by Part II of this Form if such information is filed with the Commission as
part of the broker-dealer’s Form X-17A-5 or Form G-405.
ITEM 1
ORGANIZATIONAL CHART REFLECTING ASSOCIATED PERSONS AND THE BROKER-DEALER
1. Provide a copy of the organizational chart maintained by the broker or dealer pursuant to paragraph (a)(1)(i)
of section 240.17h-1T.
2. The information provided pursuant to this Item should be included in the first Form 17-H filed by the broker
or dealer and in the year-end filing. Quarterly updates should be provided only where a material change in the
information provided to the Commission has occurred.
ITEM 2
RISK MANAGEMENT AND OTHER POLICIES
1. Provide copies of the financing, capital adequacy, and risk management and other policies, procedures or
systems maintained by the broker-dealer pursuant to paragraph (a)(1)(ii) of section 240.17h-1T.
2. The information provided pursuant to this Item should be included in the first Form 17-H filed by the broker
or dealer. Quarterly updates should be provided only where a material change in the information provided to the
Commission has occurred.
ITEM 3
LEGAL PROCEEDINGS
1. Provide the description of any material pending legal or arbitration proceedings maintained by the broker or
dealer pursuant to paragraph (a)(1)(iii) of section 240.17h-1T.
2. The information provided pursuant to this Item should be included in the first Form 17-H filed with the
Commission. Quarterly updates should be provided only where a material change in the information provided
to the Commission has occurred.
ITEM 4
FINANCIAL STATEMENTS
1. Provide the information required to be maintained by the broker or dealer pursuant to paragraphs (a)(1)(iv)
and (a)(1)(v) of section 240.17h-1T. The financial statements may be presented on an unaudited basis. The
statement of cash flows and the notes to financial statements may be omitted for the consolidating financial
statements. Entities using accounting principles other than U.S. GAAP should indicate in a note the accounting
principles used.
2. The consolidating financial statements must be presented on a subsidiary basis and shall indicate which
subsidiaries are Material Associated Persons.
PAGE 2

PART II
GENERAL INSTRUCTIONS FOR PART II OF THIS FORM
1. Provide the following information for each Material Associated Person as of the end of the quarter. Indicate the name of each
Material Associated Person in a separate column or complete a separate Part II for each Material Associated Person. In the event a
separate listing of a position, financial instrument or otherwise is required pursuant to any of the provisions of section 240.17h-1T, the
broker or dealer should indicate as such in the appropriate section of this Part II. Where appropriate, indicate long and short positions
separately. (Report amounts in thousands)
Material Associated Person:
I.

AGGREGATE SECURITIES AND COMMODITIES POSITIONS
1. U.S. Treasury securities ..........................................................
2. U.S. Government agency ........................................................
3. Securities issued by states and political subdivisions in the U.S.
4. Foreign securities:
(a) Debt securities ..................................................................
(b) Equity securities ...............................................................
5. Banker’s acceptances .............................................................
6. Certificates of deposit .............................................................
7. Commercial paper ...................................................................
8. Corporate obligations .............................................................
9. Stocks and warrants (other than arbitrage positions) ..............
10. Arbitrage:
(a) Index arbitrage and program trading ................................
(b) Risk arbitrage ...................................................................
(c) Other arbitrage .................................................................
11. Options:
(a) Market value of put options:
(i) Listed .........................................................................
(ii) Unlisted ......................................................................
(b) Market value of call options:
(i) Listed ...........................................................................
(ii) Unlisted ......................................................................
12. Spot commodities ...................................................................
13. Investments with no ready market:
(a) Equity ..............................................................................
(b) Debt .................................................................................
(c) Other (include limited partnership interests) ....................
14. Other securities or commodities .............................................
15. Summary of delta or similar analysis(if available)(attach analysis)

LONG

(000's omitted)

SHORT

1000

1005

1010

1015

1020

1025

1030

1035

1040

1045

1050

1055
1065

1060
1080

1075
1085

1090

1095

1070

1100

1105

1110

1115

1120

1125

1130

1135

1140

1145

1150
1160

1155

1170

1175

1180

1185
1195

1165

1190
1200

1205

1210

1215

II. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND WITH CONCENTRATION OF CREDIT RISK
(Provide notional or contractual amounts where appropriate, or in the case of options, the values of the underlying instrument. In the
event a separate listing of a position or instrument is required pursuant to the provisions of section 17h-1T, separately state such position.)
A.

Securities
1. When-issued securities:
(a) Gross commitments to purchase .......................................
(b) Gross commitments to sell ................................................
2. Written stock option contracts:
(a) Market value, and the value of the underlying securities,
of call contracts:
(i) Listed
(A) Market value .......................................................
(B) Value of underlying securities ............................
(ii) Unlisted
(A) Market value ......................................................
(B) Value of underlying securities ............................

PAGE 3

LONG

(000's omitted)

SHORT

2000

2005

2010

2015

2020

2025

2030

2035

2040

2045

2050

2055

Material Associated Person:
LONG

B.

C.

(b) Market value, and the value of the underlying securities,
of put contracts:
(i) Listed
(A) Market value .......................................................
(B) Value of underlying securities ............................
(ii) Unlisted
(A) Market value .......................................................
(B) Value of underlying securities ............................
(c) Market value, and the value of the underlying securities,
of naked call contracts:
(i) Listed
(A) Market value .......................................................
(B) Value of underlying securities ............................
(ii) Unlisted
(A) Market value ..........................................................
(B) Value of underlying securities ............................
(d) Market value, and the value of the underlying securities,
of naked put contracts:
(i) Listed
(A) Market value ..........................................................
(B) Value of underlying securities .................................
(ii) Unlisted
(A) Market value ..........................................................
(B) Value of underlying securities ............................
3. Futures:
(a) U.S. Treasury and mortgage-backed securities futures......
(b) Other futures (specify)...........................................................
4. Forwards:
(a) U.S. Treasury and mortgage-backed securities .....................
(i) Aggregate current cost of replacing contracts by counterparty in which the Material Associated Person has a gain
(ii) Per counterparty breakdown where credit risk exceeds
the Materiality Threshold (attach schedule).
(b) Other forwards (specify) ...................................................
(i) Aggregate current cost of replacing contracts by counterparty in which the Material Associated Person has a gain
(ii) Per counterparty breakdown where credit risk exceeds
the Materiality Threshold (attach schedule).
Interest Rate Swaps
1. U.S. dollar denominated swaps:
(a) Total notional or contractual amount ................................
(b) Aggregate current cost of replacing contracts by counterparty in which the Material Associated Person has a gain
(c) Per counterparty breakdown where credit risk exceeds
the Materiality Threshold (attach schedule).
2. Cross currency swaps:
(a) Total notional or contractual amount ....................................
(b) Aggregate current cost of replacing contracts by counterparty in which the Material Associated Person has a gain
(c) Per counterparty breakdown where credit risk exceeds
the Materiality Threshold (attach schedule).
Foreign exchange
1. Swaps:
(a) Total notional or contractual amount ....................................
(b) Aggregate cost of replacing contracts by counterparty in
which the Material Associated Person has a gain...................
(c) Per counterparty breakdown where credit risk exceeds
the Materiality Threshold (attach schedule).
PAGE 4

(000's omitted)

2060
2070

SHORT

2065
2075

2080

2085

2090

2095

2100

2105

2110

2115

2120

2125

2130

2135

2140

2145

2150

2155

2160

2165

2170

2175

2180

2185

2190

2195

2200

2205

2210

2215

2220

2225

2230

2235

2240

2245

2250

2255

2260

2265

2270

2275

2280
2290

2285
2295

Material Associated Person:
LONG

D.

E.

F.

(000's omitted)

2. Notional or contractual amounts of commitments to purchase
foreign currencies and U.S. dollar exchange:
2300
(a) Futures...................................................................................
2310
(b) Forwards................................................................................
(i) Aggregate current cost of replacing contracts by counter2320
party in which the Material Associated Person has a gain.
(ii) Per counterparty breakdown where credit risk exceeds
the Materiality Threshold (attach schedule).
3. Naked written option contracts:
2330
(a) Contractual value ..................................................................
2340
(b) Value of the underlying instruments ......................................
All other swap agreements (specify type)(attach schedule if necessary)
2350
1. Total notional or contractual amount...........................................
2. Aggregate current cost of replacing contracts by counterparty in
2360
which the Material Associated Person has a gain ............................
3. Per counterparty breakdown where credit risk exceeds the
Materiality Threshold (attach schedule).
Commodities
2370
1. Futures .........................................................................................
2380
2. Forwards ......................................................................................
(a) Aggregate current cost of replacing contracts by counter2390
party in which the Material Associated Person has a gain ........
(b) Per counterparty breakdown where credit risk exceeds the
Materiality Threshold (attach schedule).
3. Sold option contracts (e.g., options on individual commodities
and commodities indexes)
(a) Market value, and the value of the underlying instruments,
of call contracts:
(i) Listed
2400
(A) Market value .......................................................
2410
(B) Value of underlying instruments..........................
(ii) Unlisted
2420
(A) Market value .......................................................
2430
(B) Value of underlying instruments .........................
(b) Market value, and the value of the underlying instruments,
of put contracts:
(i) Listed
2440
(A) Market value .......................................................
2450
(B) Value of underlying instruments .........................
(ii) Unlisted
2460
(A) Market value .......................................................
2470
(B) Value of underlying instruments .........................
(c) Market value, and the value of the underlying instruments,
of naked call contracts:
(i) Listed
2480
(A) Market value .......................................................
2490
(B) Value of underlying instruments .........................
(ii) Unlisted
2500
(A) Market value .......................................................
2510
(B) Value of underlying instruments .........................
(d) Market value, and the value of the underlying instruments,
of naked put contracts:
(i) Listed
2530
(A) Market value .......................................................
2520
(B) Value of underlying instruments .........................
(ii) Unlisted
2540
(A) Market value .......................................................
2550
(B) Value of underlying instruments .........................
Loan committments
1. Total amount .............................................................................................................................
2. Unused portion ..........................................................................................................................

PAGE 5

SHORT

2305
2315
2325

2335
2345
2355
2365

2375
2385
2395

2405
2415
2425
2435

2445
2455
2465
2475

2485
2495
2505
2515

2525
2535
2545
2555
2560
2565

Material Associated Person:
(000's omitted)

G. Total standby, commercial and similar letters of credit or guarantees ............................................
H. Assets sold with recourse ...............................................................................................................
I. Other off-balance sheet items (specify) ..........................................................................................
J. Summary of delta or similar analysis (if available)(attach analysis).
K. Provide a separate listing, by amount, of significant concentrations of credit risk as defined in
Statement of Financial Accounting Standards No. 105 (attach schedule).

2570
2575
2580

(000's omitted)

III. BRIDGE LOANS AND OTHER EXTENSIONS OF CREDIT
1. Bridge loans ....................................................................................................................................
2. Other material credit extensions (specify) ......................................................................................
3. Allowance for losses for credit extensions .....................................................................................
IV. FUNDING SOURCES
1. Short-term borrowings:
(a) Commercial paper ....................................................................................................................
(b) Bank loans-secured ..................................................................................................................
(c) Bank loans-unsecured ..............................................................................................................
(d) Other ........................................................................................................................................
(e) Total .........................................................................................................................................
2. Long and medium-term debt ..........................................................................................................
3. Committed lines of credit ................................................................................................................
4. Amounts borrowed under credit lines .............................................................................................
5. Credit ratings for commercial paper
(a) Standard & Poor’s Corporation ................................................................................................
(b) Moody’s Investor Service ........................................................................................................
(c) Other Nationally Recognized Statistical Rating Organizations ................................................

3000
3005
3015
(000's omitted)

4000
4005
4015
4020
4025
4030
4035
4040
4045
4050
4055

V. REAL ESTATE
(000's omitted)
1. Real estate loans:
5000
(a) Construction and land development .........................................................................................
5005
(b) Secured by farmland ................................................................................................................
5015
(c) Secured by residential properties .............................................................................................
5020
(d) Commercial and industrial .......................................................................................................
5025
(e) Other ........................................................................................................................................
2. Real estate investments:
5030
(a) Construction and land development .........................................................................................
5035
(b) Farmland ...................................................................................................................................
5040
(c) Residential properties ...............................................................................................................
5045
(d) Commercial and industrial .......................................................................................................
5050
(e) Other ............................................................................................................................................
3. Provide a separate listing of the above information by geographic region where the amount exceeds the Materiality Threshold (attach
schedule).
4. Provide information about risk concentration to a single borrower, location or property in the investment or loan portfolio where the
amount exceeds the Materiality Threshold (attach schedule).
ADDITIONAL SPACE FOR ANSWERS
The Material Associated Person may use the space below, and additional sheets if necessary, to provide further information or
explanation regarding any item of information required by the Form. Include the name of the Material Associated Person on each
page and specify the paragraph of the Form to which the additional information relates.

PAGE 6