UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 12, 2017
MERITAGE FUTURES FUND L.P.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
| Delaware | 000-53113 | 20-8529352 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
c/o Ceres Managed Futures LLC
522 Fifth Avenue
New York, New York 10036
(Address and Zip Code of principal executive offices)
Registrant’s telephone number, including area code: (855) 672-4468
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
Institutional Account Agreement
On July 12, 2017, CMF TT II, LLC (the “Trading Company”) and J.P. Morgan Securities LLC, JPMorgan Chase Bank, N.A., J.P. Morgan Securities plc, J.P. Morgan Securities (Asia Pacific) Limited, J.P. Morgan Securities Asia Private Limited, J.P. Morgan Securities Australia Limited, JPMorgan Securities Japan Co., Ltd., J.P. Morgan Prime Nominees Limited, J.P. Morgan Markets Limited and J.P. Morgan Prime Inc. (collectively, “J.P. Morgan”) entered into an institutional account agreement, dated as of July 12, 2017 (the “IAA”), pursuant to which J.P. Morgan will open and maintain one or more brokerage accounts for the Trading Company (and, indirectly, Meritage Futures Fund L.P. (the “Registrant”)).
Pursuant to the IAA, the Trading Company (through the Registrant) shall pay J.P. Morgan commissions and other fees for clearing, custody and any other services furnished.
The IAA may be terminated by either party at any time upon thirty days’ prior written notice to the other party.
Foreign Exchange and Bullion Authorization Agreement
On July 12, 2017, the Trading Company and JPMorgan Chase Bank, N.A. (“JPMorgan Chase”) entered into a foreign exchange and bullion authorization agreement, dated as of July 12, 2017 (the “FXBAA”), pursuant to which Transtrend B.V. (“Transtrend”), the trading advisor to the Trading Company (and, indirectly, the Registrant), is authorized to enter into certain transactions on behalf of the Trading Company with JPMorgan Chase, or, upon authorization by JPMorgan Chase, with a dealer or other entity subject to the terms of the FXBAA, and any other applicable agreement, on behalf of JPMorgan Chase.
Pursuant to the FXBAA, the Trading Company (through which the Registrant) will pay JPMorgan Chase fees based on the transactions entered into by the Trading Company during each calculation period.
The FXBAA may be terminated by either party at any time upon thirty business days’ written notice to the other party, or immediately in such circumstances as set forth in the FXBAA.
Schedule to ISDA Master Agreement and Credit Support Annex for Variation Margin
On July 12, 2017, the Trading Company and JPMorgan Chase entered into a Schedule to the 2002 ISDA Master Agreement, dated as of July 12, 2017 (the “ISDA Schedule”), pursuant to which JPMorgan Chase and the Trading Company outlined certain additional terms and provisions applicable to the underlying master agreement.
On July 12, 2017, the Trading Company and JPMorgan Chase entered into a 2016 Credit Support Annex for Variation Margin to the ISDA Schedule, pursuant to which it serves as a credit support document with respect to each party and sets forth each party’s obligations for variation margin in connection with the transactions.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MERITAGE FUTURES FUND L.P. | ||
| By: | Ceres Managed Futures LLC, | |
| General Partner | ||
| By: | /s/ Patrick T. Egan | |
| Patrick T. Egan | ||
| President and Director | ||
Date: July 18, 2017
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