omnibus account

Definition

An account that one futures commission merchant carries for another in which the transactions of multiple individual account holders are combined. The identities of the individual account holders are not revealed to the holding merchant.

Use omnibus account in a sentence

I had an omnibus account and I didn't know exactly how it would work and how things would work for me.

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You may want to keep an omnibus account that will allow you to have greater flexibility for your future spending.

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All of the transactions were held in the omnibus account. While they knew the individual breakout, it was just easier to combine them for interest purposes.

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omitted dividend fully disclosed account