---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-23-000373"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:24:08.606157+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171200-23-000373
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000117120023000373/0001171200-23-000373-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000117120023000373/i23340_usl-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-23-000373
- JSON: https://secwatch.observer/filing/0001171200-23-000373.json
- Plain text: https://secwatch.observer/filing/0001171200-23-000373.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1405528/000117120023000373/0001171200-23-000373-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.