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Offsetting Assets And Liabilities | 3 Months Ended
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Mar. 31, 2013
Offsetting [Abstract] |
Offsetting Assets And Liabilities | NOTE 8 – OFFSETTING ASSETS AND LIABILITIES US12OF is required to disclose offsetting assets and liabilities represented in the Condensed Statements of Financial Condition to disclose information to enable users of these financial statements to evaluate the effect or potential effect of netting arrangements on its financial position for recognized assets and liabilities. These recognized assets and liabilities as defined in the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-11 “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities” and subsequently clarified in FASB ASU 2013-01 “Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities.” The derivative instruments include all futures contracts including exchange-traded futures contracts.
Offsetting of Financial Assets and Derivative Assets as of March 31, 2013 and December 31, 2012
Assets |  | Gross Amounts of Recognized Assets |  |  | Gross Amounts Offset in the Statements of Financial Condition |  |  | Net Amounts of Assets Presented in the Statements of Financial Condition |
At March 31, 2013: |  |  |  |  |  |  |  |  |
Futures contracts |  | $ | 4,053,150 |  |  | $ | – |  |  | $ | 4,053,150 |
At December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |
Futures contracts |  | $ | 1,816,340 |  |  | $ | – |  |  | $ | 1,816,340 |
Financial Assets, Derivative Assets, and Collateral Held by Counterparty as of March 31, 2013 and December 31, 2012
|  |  |  |  | Gross Amounts Not Offset in the Statements of Financial Condition |  |  |  |
|  | Net Amounts of Assets Presented in the Statements of Financial Condition (A) |  |  | Financial Instruments Collateral Received (B) |  |  | Cash Collateral Received (C) |  |  | Net Amount (D) = (A) - (B) - (C) |
At March 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |
UBS Securities |  | $ | 4,053,150 |  |  | $ | – |  |  | $ | – |  |  | $ | 4,053,150 |
At December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
UBS Securities |  | $ | 1,816,340 |  |  | $ | – |  |  | $ | – |  |  | $ | 1,816,340 |
Offsetting of Financial Liabilities and Derivative Liabilities as of March 31, 2013 and December 31, 2012
Liabilities |  | Gross Amounts of Recognized Liabilities |  |  | Gross Amounts Offset in the Statements of Financial Condition |  |  | Net Amounts of Liabilities Presented in the Statements of Financial Condition |
At March 31, 2013: |  |  |  |  |  |  |  |  |
Futures contracts |  | $ | 183,680 |  |  | $ | – |  |  | $ | 183,680 |
At December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |
Futures contracts |  | $ | 259,430 |  |  | $ | – |  |  | $ | 259,430 |
Financial Liabilities, Derivative Liabilities, and Collateral Pledged by Counterparty as of March 31, 2013 and December 31, 2012
|  |  |  |  | Gross Amounts Not Offset in the Statements of Financial Condition |  |  |  |
|  | Net Amounts of Liabilities Presented in the Statements of Financial Condition (A) |  |  | Financial Instruments Collateral Pledged (B) |  |  | Cash Collateral Pledged (C) |  |  | Net Amount (D) = (A) - (B) - (C) |
At March 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |
UBS Securities |  | $ | 183,680 |  |  | $ | 131,790 |  |  | $ | 51,890 |  |  | $ | – |
At December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
UBS Securities |  | $ | 259,430 |  |  | $ | 148,454 |  |  | $ | 110,976 |  |  | $ | – |

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- Definition Disclosure of derivative and other financial assets and liabilities that are subject to offsetting, including master netting arrangements. + References No definition available. + Details
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