# ODDO BHF NEW YORK CORPORATION X-17A-5 (2026-02-25) — Broker-dealer annual report - Company: ODDO BHF NEW YORK CORPORATION - Form: X-17A-5 - Filed: 2026-02-25 - Period: 2025-12-31 - Accession: 0001060237-26-000001 - CIK: 1060237 - File #: 8-50975 - Type: Broker-dealer - Material weakness: No - Auditor: Assurance Dimensions LLC - Auditor location: Coarl Springs, FL - Contact: Louis-Paul Roger - Phone: (646) 723-7470 - Email: louis-paul.roger@ny.oddo-bhf.com - Website: oddo-bhf.com - Signed by: Louis-Paul Roger (Chief Executive Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1060237/000106023726000001/oddo2025short.pdf --- {0}------------------------------------------------ #### **Oddo BHF New York Corporation** **Statement of Financial Condition And Reports of Independent Registered Public Accounting Firm** **December 31, 2025** {1}------------------------------------------------ ## UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | OMB APPROVAL | | | |--------------|--|--| |--------------|--|--| SEC FILE NUMBER 8- 50975 OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden nours per response: 12. # ANNUAL REPORTS FORM X-17A-5 PART III FACING PAGE #### Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FILING FOR THE PERIOD BEGINNING | 01/01/2025 | | AND ENDING | 12/31/2025 | | |--------------------------------------------------------------------------|--------------------------------------------------------|-----------------------|----------------------------------------|--------------------------------------------|--| | | MM/DD/YY | | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME OF FIRM: Oddo BHF New York Corporation | | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | | & Broker-dealer | Security-based swap dealer | | □Major security-based swap participant | | | | □ Check here if respondent is also an OTC derivatives dealer | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | | | | | 150 East 52nd Street, 5th Floor | | | | | | | | | (No. and Street) | | | | | New York | | NY | | 10022 | | | (City) | | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Louis-Paul Roger | 646-723-7470 | | | Louis-Paul.Roger@ny.oddo-bhf.com | | | (Name) | (Area Code - Telephone Number) | | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this filing* | | | | | | | Assurance Dimensions | | | | | | | | (Name - if individual, state last, first, middle name) | | | | | | 3111 N University Drive, Suite 621 | Coral Springs | | FL | 33065 | | | (Address) | (City) | | (State) | (Zip Code) | | | 04/13/2010 | | | | 5036 | | | (Date of Registration with PCAOB)(if applicable) | | | | (PCAOB Registration Number, if applicable) | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information this form are not required to respond unless the form displays a currently valid OMB control number. {2}------------------------------------------------ #### AFFIRMATION l, Louis-Paul Roger, affirm that, to the best of my knowledge and belief, the financial report pertaining to the firm of Absa Securities U.S. Inc., as of December 31, 2025, is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. Chief Executive Officer #### This filing\*\* contains (check all applicable boxes): - 区 (a) Statement of financial condition. - ∑ (b) Notes to consolidated statement of financial condition. - [ ] (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a - statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - □ (d) Statement of cash flows. - [] {e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - 0 (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to consolidated financial statements. - □ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [ ( ( ) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - □ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - 図 (q) Oath or affirmation in accordance with 17 CFR 240.17a-12, or 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - 区 (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - 区 (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - □ (z) Other: \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e){3} or 17 CFR 240.18a-7(d)(2), as applicable. {3}------------------------------------------------ # **ODDO BHF NEW YORK CORPORATION** ## **Index December 31, 2025** | | Page(s) | |---------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statement | | | Statement of Financial Condition | 2 | | Notes to the Financial Statement | 3 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ### To the Stockholder of **ODDO BHF New York Corporation:** #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of **ODDO BHF New York Corporation** as of December 31, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the statement of financial condition of **ODDO BHF New York Corporation** as of December 31, 2025 is in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of **ODDO BHF New York Corporation's** management. Our responsibility is to express an opinion on **ODDO BHF New York Corporation's** financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to **ODDO BHF New York Corporation** in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as **ODDO BHF New York Corporation's** auditor since 2023. Assurance Dimensions, LLC Coral Springs, Florida February 25, 2026 > **ASSURANCE DIMENSIONS, LLC also d/b/a McNAMARA and ASSOCIATES, LLC TAMPA BAY**: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053 **JACKSONVILLE**: 7800 Belfort Parkway, Suite 290 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053 **ORLANDO:** 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053 **SOUTH FLORIDA**: 3111 N. University Drive, Suite 621 | Coral Springs, FL 33065 | Office: 754.800.3400 | Fax: 813.443.5053 www.assurancedimensions.com {5}------------------------------------------------ ### **ODDO BHF NEW YORK CORPORATION** ## **Statement of Financial Condition As of December 31, 2025** | ASSETS | | |-------------------------------------------------------------------------|-----------------| | Cash
and
cash
equivalents | \$
7,362,856 | | Right
of
use
asset
-operating
lease | 666,379 | | Due
from
Parent | 671,839 | | Deferred
tax
asset | 342,197 | | Security
deposit | 150,783 | | Prepayments | 150,338 | | Accounts
receivable
customer | 18,099 | | Taxes
prepaid | 19,196 | | Equipment,
net | 8,521 | | TOTAL
ASSETS | \$
9,390,208 | | LIABILITIES AND EQUITIES | | | Liabilities: | | | Accrued
expenses
and
other
liabilities | \$
1,341,259 | | Lease
liability | 723,762 | | Fail
to
receive | 18,099 | | Accounts
payable | 3,813 | | Total
Liabilities | 2,086,933 | | Stockholder's
equity: | | | Common
stock,
no
par
value,
200
shares
authorized, | | | 1
share
issued
and
outstanding | - | | Additional
paid-in
capital | 2,749,911 | | Retained
earnings | 4,553,364 | | Total
stockholder's
equity | 7,303,275 | | TOTAL
LIABILITIES
AND
STOCKHOLDER'S
EQUITY | \$
9,390,208 | The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ # **ODDO BHF NEW YORK CORPORATION** ## **Notes to the Financial Statement December 31, 2025** ## **1. Organization and Business Description** Oddo BHF New York Corporation (the "Company") is a broker-dealer in securities registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority, Inc.(FINRA). The Company engages primarily in brokerage and investment advisory services with respect to European securities. The Company is a wholly-owned subsidiary of Oddo BHF S.C.A (the "Parent"). The Company acts as an agent for customers in the purchase and sale primarily of foreign securities. The Company executes and clears all of these trades through the Parent. These trades are settled on a delivery versus payment basis. ### **2. Summary of Significant Accounting Policies** #### **Basis of Presentation** The financial statement is prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") as determined by the Financial Accounting Standards Board (FASB) Accounting Standards Codification ("ASC"). #### **Use of Estimates in the Preparation of Financial Statements** The preparation of the financial statement is in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures of assets and liabilities, the disclosure of contingencies at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from the estimates included in the financial statement. #### **Income Taxes** The Company uses the asset and liability method in providing income taxes. The asset and liability method requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in this financial statement or tax return. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. Net deferred tax assets are recognized to the extent the Company believes these assets are more likely than not to be realized. In making such a determination, all available positive and negative evidence are considered, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, and results of recent operations. If it is determined the Company would be able to realize its deferred tax assets in the future in excess of its net recorded amount, an adjustment would be made to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. {7}------------------------------------------------ Uncertain tax positions are recorded in accordance with ASC Topic 740, *Accounting for Income Taxes*, on the basis of a twostep process, whereby (1) the Company determines whether it is more likely than not the tax positions would be sustained on the basis of the technical merits of the position taken and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company would recognize the largest amount of tax benefit that is more than 50% likely to be realized upon the ultimate settlement with the related tax authority. #### **Cash and cash equivalents** The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. The Company records all securities transactions on a trade-date basis. As of December, 31, 2025, the amount on deposit at this institution exceeds the maximum balance of \$250,000 insured by the Federal Deposit Insurance Corporation ("FDIC"). However the Company has not experienced any losses in such account and does not believe there to be any significant credit risk with respect to these deposits. #### **Financial Instruments – Credit Losses** The Company adopted Financial Instruments – Credit Losses (Topic 326). In June 2016, the FASB issued ASU No. 2016-13 Measurement of Credit Losses on Financial Instruments (ASU 2016-13). The guidance broadens the information that an entity must consider in developing its estimated credit losses expected to occur over the remaining life of assets measured either collectively or individually to include historical experience, current conditions and reasonable and supportable forecasts. ASU 2016-13 replaces the existing incurred credit loss model with the Current Expected Credit Losses (CECL) model. The Company has determined that no allowance was required as at December 31, 2025. #### **Fair Value of Financial Assets and Liabilities** The majority of the Company's financial assets and liabilities are recorded at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalent, accounts receivable customer, fees receivable, due from Parent and accrued expenses. #### **Recent Accounting Standard Adopted** In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023- 07, Improvements to Reportable Segment Disclosures ("ASU 2023-07"), which requires incremental disclosures about reportable segments but does not change the definition of a segment or the guidance for determining reportable segments. The new guidance requires disclosure of significant segment expenses that are (1) regularly provided to (or easily computed from information regularly provided to) the chief operating decision maker ("CODM") and (2) included in the reported measure of segment profit or loss. The new standard also requires companies to disclose the title and position of the individual (or the name of the committee) identified as the CODM, allows companies to disclose multiple measures of segment profit or loss if those measures are used to assess performance and allocate resources, and is applicable to companies with a single reportable segment. The requirements are effective for annual reporting periods beginning on January 1, 2025, and are required to be applied retrospectively. The Company has adopted the additional disclosure requirements under ASU 2023-07. The additional requirements did not have a material impact on the financial statements. {8}------------------------------------------------ ## **3. Segment Reporting** The Company is engaged in a single line of business as a securities broker-dealer and acts as an agent for customers in the purchase and sale primarily of foreign securities. The Company has identified its Chief Executive Officer as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 8), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay distributions. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. The Company's segment assets are the same as those reported in the Company's statement of financial condition. ## **4. Equipment** The Company had the following leasehold improvements and related accumulated depreciation and amortization at December 31, 2025: | | Cost | | |--------------------------------------|------|----------| | Equipment | \$ | 42,851 | | Less:
accumulated
depreciation | | (42,851) | | Net
equipment | \$ | - | Depreciation expense for the year ended December 31, 2025 was \$8,521. ### **5. Leases** In February 2016, FASB established ASC Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize lease on-balance sheet and disclose key information about leasing arrangements. The new standard establishes a right-of-use model (RoU) that requires a lessee to recognize a RoU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Lease will be classified as finance or operating, with classification affecting the pattern and classification of expenses recognition in the income statements. The Company has obligations as a lessee for office space, with initial noncancellable terms in excess of one year. The Company classified this lease as operating leases. The Company's leases do not include termination options for either party to the lease or restrictive financial or other covenants. Lease operating costs for the year ended December 31, 2025 were \$264,769. Amounts reported in balance sheet as of December 31, 2025 were as follows: Operating lease ROU assets \$437,220. Operating lease liabilities \$479,809. {9}------------------------------------------------ There are 1.75 years remaining on the lease and the discount rate used on the lease was 5.8%. Maturities of lease liabilities under noncancellable operating leases as of December 31, 2025 are as follows: | Years
Ending
December
31 | | Amount | | |---------------------------------------------|----|---------|--| | 2026 | \$ | 286,553 | | | 2027 | | 219,381 | | | | | 505,934 | | | Less
interest | | 26,125 | | | Present
value
of
lease
payments | \$ | 479,809 | | ## **6. Income Taxes** Income taxes are accounted for in accordance with ASC 740, which requires that deferred tax assets and liabilities be provided for all temporary differences between the book and tax basis of assets and liabilities. The statutory rate differs from the effective rate primarily due to the effects of state and local taxes. The deferred tax asset primarily represents the difference between the accrual and cash basis of reporting and differences between book and tax depreciation. The tax effects of temporary differences that give rise to significant portion of the deferred tax assets are as follows: | Deferred
tax
asset | | |-----------------------------------|---------------| | Accruals | \$
243,720 | | Deferred
rent | 9,559 | | Total
deferred
tax
asset | \$
253,279 | As of December 31, 2025, the Company did not record a valuation allowance against its deferred tax asset since it is more likely than not that the deferred tax asset will be realized. ## **7. Related Party Transactions** The Company is paid a service fee by an affiliate based upon total expenses incurred. The Company also pays a support service fee to an affiliate. {10}------------------------------------------------ ## **8. Regulatory Requirements** As a registered broker-dealer, the Company is subject to the Uniform Net Capital Rule (Rule 15c3-1) under the Securities Exchange Act of 1934. The Company has elected the alternative standard which requires the maintenance of \$250,000 in minimum net capital. At December 31, 2025, the Company had net capital of \$5,661,502 that was \$5,411,502 in excess of its required net capital of \$250,000. The Company claims exemption from SEC rule 15c3-3 under section (k)(2)(i). ## **9. Financial Instruments with Off-Balance Sheet Risk** The Company is engaged in various brokerage activities whose counterparties are primarily institutions. In the normal course of business, the Company is involved in the execution and settlement of various foreign securities transactions. The Company has a clearing arrangement with an affiliate, Oddo BHF S.C.A, under which Oddo BHF S.C.A. clears all transactions for the accounts of the Company's customers on an omnibus basis. In addition, the Company has the right to pursue collection or performance from the counterparties who do not perform under their contractual obligations. ## **10. Subsequent Events** The Company has evaluated subsequent events occurring after the statement of financial condition dated December 31, 2025 through the date these financial statements were issued. Based on this evaluation, the Company has determined that no subsequent events have occurred which would require disclosure or adjustment to the financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.