Trading Activities (Tables)

9 Months Ended

Sep. 30, 2017

Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivatives and their Offsetting Subject to Master Netting or Similar Arrangements

The following tables summarize the gross and net amounts recognized relating to assets and liabilities of the Partnership’s derivatives and their offsetting subject to master netting or similar arrangements as of September 30, 2017 and December 31, 2016, respectively.


September 30, 2017	Gross Amounts Recognized			Gross Amounts Offset in the Statements of Financial Condition			Amounts Presented in the Statements of Financial Condition			Gross Amounts Not Offset in the Statements of Financial Condition				Net Amount
September 30, 2017	Gross Amounts Recognized									Financial Instruments		Cash Collateral Pledged/Received*		Net Amount
Assets
Futures	$	300,723		$	(300,723	)	$	-		$	-	$	-	$	-

Total assets	$	300,723		$	(300,723	)	$	-		$	-	$	-	$	-

Liabilities
Futures	$	(449,183	)	$	300,723		$	(148,460	)	$	-	$	-	$	(148,460	)

Total liabilities	$	(449,183	)	$	300,723		$	(148,460	)	$	-	$	-	$	(148,460	)

Net fair value														$	(148,460	)	*


December 31, 2016	Gross Amounts Recognized			Gross Amounts Offset in the Statements of Financial Condition			Amounts Presented in the Statements of Financial Condition			Gross Amounts Not Offset in the Statements of Financial Condition				Net Amount
December 31, 2016	Gross Amounts Recognized						Amounts Presented in the Statements of Financial Condition			Financial Instruments		Cash Collateral Pledged/Received*		Net Amount
Assets
Futures	$	1,461,193		$	(1,326,998	)	$	134,195		$	-	$	-	$	134,195

Total assets	$	1,461,193		$	(1,326,998	)	$	134,195		$	-	$	-	$	134,195

Liabilities
Futures	$	(1,326,998	)	$	1,326,998		$	-		$	-	$	-	$	-

Total liabilities	$	(1,326,998	)	$	1,326,998		$	-		$	-	$	-	$	-

Net fair value														$	134,195		*

In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded contracts, as applicable, has the right to offset the Partnership’s obligation with the Partnership’s cash and/or U.S. Treasury bills held by MS&Co., thereby minimizing MS&Co.’s risk of loss. In certain instances, MS&Co. may not post collateral and as such, in the event of default by MS&Co., the Partnership is exposed to the amount shown in the Statements of Financial Condition. In the case of exchange-traded contracts, the Partnership’s exposure to counterparty risk may be reduced since the exchange’s clearinghouse interposes its credit between buyer and seller and the clearinghouse’s guarantee funds may be available in the event of a default.

Summary of Gross Fair Values of Derivative Instruments of Futures and Option Contracts as Separate Assets and Liabilities

The following tables indicate the gross fair values of derivative instruments of futures and option contracts as separate assets and liabilities as of September 30, 2017 and December 31, 2016, respectively.


	September 30, 2017
Assets
Futures Contracts
Energy	$	300,723

Total unrealized appreciation on open futures contracts		300,723


Liabilities
Futures Contracts
Energy		(449,183	)

Total unrealized depreciation on open futures contracts		(449,183	)


Net unrealized depreciation on open futures contracts	$	(148,460	)	*


Assets
Options Purchased
Energy	$	33,900

Total options purchased	$	33,900		**

*	This amount is in “Net unrealized depreciation on open futures contracts” in the Statements of Financial Condition.

**	This amount is in “Options purchased, at fair value” in the Statements of Financial Condition.


	December 31, 2016
Assets
Futures Contracts
Energy	$	1,461,193

Total unrealized appreciation on open futures contracts		1,461,193


Liabilities
Futures Contracts
Energy		(1,326,998	)

Total unrealized depreciation on open futures contracts		(1,326,998	)


Net unrealized appreciation on open futures contracts	$	134,195		*


Liabilities
Options Written
Energy	$	(5,225	)

Total options written	$	(5,225	)	**

*	This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition.

**	This amount is in “Options written, at fair value” in the Statements of Financial Condition.

Trading Gains and Losses, by Market Sector, on Derivative Instruments

The following table indicates the trading gains and losses, by market sector, on derivative instruments for the three and nine months ended September 30, 2017 and 2016, respectively.


	Three Months Ended September 30,						Nine Months Ended September 30,
Sector	2017			2016			2017			2016
Energy	$	351,127		$	2,530,629		$	648,282		$	1,729,286

Total	$	351,127	***	$	2,530,629	***	$	648,282	***	$	1,729,286	***

***	This amount is in “Total trading results” in the Statements of Income and Expenses and Changes in Partners’ Capital.

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

MANAGED FUTURES PREMIER ENERGY FUND L.P. 10-Q