Note 6: Related Party Transactions

9 Months Ended

Sep. 30, 2012

6. Related Party Transactions

	The Fund pays commissions to the Corporate General Partner and FIC. These related parties are 100% and 50%, respectively, owned by Michael Pacult. Related party commissions were as follows:

	Commissions included in expenses:
		For The Nine Months Ended September 30,
		2012	2011

	Corporate General Partner	$ 139,623	$ 283,888
	FIC	218,562	446,300
	Total related party commissions	$ 358,185	$ 730,188


	Accrued commissions payable to related parties:
		September 30,	December 31,
		2012	2011

	Corporate General Partner	$ 13,498	$ 4,144
	FIC	10,941	6,425
	Total accrued commissions payable to related parties	$ 24,439	$ 10,569

	In the normal course of business, the Fund has provided general indemnifications to the General Partner, its CTA and others when they act, in good faith, in the best interests of the Fund. The Fund is unable to develop an estimate for future payments resulting from hypothetical claims, but expects the risk of having to make any payments under these indemnifications to be remote.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

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-Number 210

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+ Details

ATLAS FUTURES FUND LIMITED PARTNERSHIP 10-Q