USL adds ADM Investor Services as FCM; Marex internal transfer has no material impact

United States 12 Month Oil Fund, LP

Entered Customer Account Agreement with ADM Investor Services to serve as additional futures commission merchant.
ADMIS will execute and clear commodity futures and options trades for USL; commissions will be paid under the agreement.
Marex North America transferred its futures clearing business to Marex Capital Markets on July 14, 2023 as internal reorganization.
USL's MNA account consolidated with MCM; MCM assumed rights/obligations of existing customer agreement; no operational impact expected.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

United States 12 Month Oil Fund, LP entered into Customer Account Agreement with ADM Investor Services, Inc. (effective 2023-08-08).

Action: entry
Counterparty: ADM Investor Services, Inc.
Effective: 2023-08-08

Exact text from the filing

On August 8, 2023, United States 12 Month Oil Fund, LP (the "Registrant") entered into a Customer Account Agreement (the "Agreement") with ADM Investor Services, Inc. ("ADMIS") to serve as an additional futures commission merchant ("FCM") for the Registrant.

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United States 12 Month Oil Fund, LP filing history →

Source: SEC EDGAR

accession 0001171200-23-000373

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