# BCS AMERICAS, INC. X-17A-5 (2022-02-28) — Broker-dealer annual report - Company: BCS AMERICAS, INC. - Form: X-17A-5 - Filed: 2022-02-28 - Period: 2021-12-31 - Accession: 0001174317-22-000005 - CIK: 1091484 - File #: 8-51950 - Type: Broker-dealer - Material weakness: No - Auditor: Mazars USA LLP - Auditor location: Woodbury, NY - Contact: Douglas Colombo - Phone: 212 421 7500 - Email: douglas.colombo@bcsgm.com - Website: bcsgm.com - Signed by: Douglas Colombo (Chief Financial Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1091484/000117431722000005/bcspub21.pdf --- {0}------------------------------------------------ # BCS AMERICAS, INC. # STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 {1}------------------------------------------------ | | UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 | | 0MB Number: 3235-0123
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hours per response: 12 | 0MB APPROVAL | |--------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|-------------------------------------------------------------------------------------------------------|----------------------------| | | ANNUAL REPORTS | | | SEC FILE NUMBER
8-51950 | | | FORM X-17 A-5 | | | | | | PART Ill | | | | | | FACING PAGE
Information Required Pursuant to Rules 17a•S, 17a•12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | FILING FOR THE PERIOD BEGINNING | ---------
O 1/01/2021 | AND ENDING | ----------
12/31/2021 | | | | MM/DD/VY | | | MM/DD/VY | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: | ------------------------------
BCS Americas, Inc. | | | | | TYPE OF REGISTRANT (check all applicable boxes):
~ Broker-dealer
D Check here if respondent is· also an OTC derivatives dealer | □ Security-based swap dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | □ Major security-based swap participant | | | | 230 Park Avenue | | | | | | | (No. and Street) | | | | | New York | NY | | | 10169 | | (City) | (State) | | | (Zip Code) | | | | | | | | Douglas Colombo | 212 421 7500 | | | Douglas.Colombo@bcsgm.com | | PERSON TO CONTACT WITH REGARD TO THIS FILING | (Area Code -Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | Mazars USA LLP | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | (Name - If Individual, state last, first, and middle name)
60 Crossways Park Drive W. Woodbury | | NY | 11797 | | | (City) | | (State) | (Zip Code) | | (Name)
(Address)
10--8--2003 | | 339 | | | 1 CFR 240.17a·S(e)(l)(il), if applicable. Persons who are to respond to the collection of Information contained In this form are not required to respond unless the form displays a currently valid 0MB control number. {2}------------------------------------------------ **OATH OR AFFIRMATION** \ | I,
Douglas Colombo | swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of | , as of
Bes Amlll'lllae, Inc | | 2 021
December 31 | is true and correct. I further swear (or affirm) that neither the company nor any | | | partner, officer, director, or equivalent~, as the case may be, has any proprietary interest in any account classified solely | | ~
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contains (check all applicable boxes): | | | (a) Statement of financial condition.
I!!!!! | | | (b) Notes to consolidated statement of financial condition.
I!!!!! | | | D | (cl 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).
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(d) Statement of cash flows. | · | | D
(e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | | | D
(f} Statement of changes in liabilities subordinated to claims of creditors. | | | 0
(g) Notes to consolldated financial statements. | | | 0 | (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.lBa-1, as applicable. | | D
(i) Computation of tangible net worth under 17 CFR 240. lBa-2. | | | D | G) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. | | | D {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.lBa-4, as applicable. | | | 0 | {I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. | | | D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. | | 0 | (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.lSa-4, as applicable.
0 | (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.lBa-1, or 17 CFR 240.lSa-2, as applicable, and the reserve requirements under 17 | | | CFR 240.15c3-3 or 17 CFR 240.lBa-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. | | | ~ (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. | | D | (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | | D | (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lSa-7, as applicable. | | | ~ (t) Independent public accountant's report based on an examination of the statement of financial condition. | | D | (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.lBa-7, or 17 CFR 240.17a-12, as applicable. | | | D | (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.
D | (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 | | CFR 240.lBa-7, as applicable. | | | | □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, | | as applicable. | | | D | (y) Report describing any material Inadequacies found to exist or 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). | ____________________________________ | | D
(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}------------------------------------------------ # BCS AMERICAS, INC. # DECEMBER 31, 2021 # TABLE OF CONTENTS | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|------| | | Page | | Statement of Financial Condition | | | Notes to Statement of Financial Condition | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) Mazars USA LLP 60 Crossways Park Drive West Suite 301 Woodbury, New York 11797 Tel: 516.488.1200 www.mazars.us # Report of Independent Registered Public Accounting Firm To the Directors and Shareholder of BCS Americas, Inc. #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of BCS Americas, Inc., (the "Company"), as of December 31, 2021, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2021, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement 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 the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission 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 statement is 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 the Company's auditor since 2014. Woodbury, NY February 24, 2022 {5}------------------------------------------------ #### ASSETS | ƒ•Š
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ͳͳ͸ǡͶʹ͸ | |----------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------| | Total assets | ̈́ͷǡ͹ͲͶǡͷ͸Ͷ | | LIABILITIES AND SHAREHOLDER'S EQUITY | | | ‹ƒ"‹Ž‹–‹‡•ǣ | | | ……"—‡†‡š'‡•‡• | ̈́ͳͺͳǡͶͲ͸ | | ƒ'‹–ƒŽ‹œ‡†އƒ•‡'"Ž‹‰ƒ–‹' |
ͳͶǡͺͷͺ | | Total liabilities | ͳͻ͸ǡʹ͸Ͷ | | '‹–‡–•ƒ†…'–‹‰‡…‹‡• | | | Šƒ"‡Š'ކ‡"̵•‡"—‹–›ǣ | | | "‡ˆ‡""‡†•–'…Ǧ''ƒ"˜ƒŽ—‡ǢͷͲͲ•Šƒ"‡•ƒ—–Š'"‹œ‡†ǡ'‡‹••—‡† | | | ''•–'…Ǧ''ƒ"˜ƒŽ—‡ǢͷͲͲ•Šƒ"‡•ƒ—–Š'"‹œ‡†ǡ |
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ȋͳ͵ǡͲͲ͵ǡʹͲͲȌ | | Total shareholder's equity | ͷǡͷͲͺǡ͵ͲͲ | | Total liabilities and shareholder's equity | ̈́ͷǡ͹ͲͶǡͷ͸Ͷ | Ǥ {6}------------------------------------------------ # 1. ORGANIZATION AND DESCRIPTION OF BUSINESS ǡ Ǥ ȋ DzdzȌ Ǧ ȋDzdzȌ ȋDz dzȌ ȋDz dzȌǤ Ǥ ǡ ǡ Ǥ ǤǤ Ǥ ʹͻǡ ʹͲͳǡ ȋDzdzȌǤ # 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ## Fixed assets, net Ǧ Ǥ Ǥ ## Income taxes Ǥ Ǥ Ǥ Ǥ ǡ Ǥ # Concentration of risk ǡǡǤ Ǥ ͵ͳǡ ʹͲʹͳǡ Ǥ #### Foreign currency ǯ ǤǤ ǤǤ Ǥ ǡǤ {7}------------------------------------------------ #### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) #### Uncertain tax positions ȋDz dzȌ ȋDzdzȌǤͶͲǡ Ǥ Ǥ ͶͲǡ ǡ Ǥ ͳǡʹͲͳͺǤ #### Fair Value Measurements ͺʹͲǡFair Value MeasurementǤǡ Ǥ ǡ ǡ Ǥ ǡ ǡ ͺʹͲǡǤ ͺʹͲǡ ǡ ǡ Ǧ Ǥ ȏͳȐǡ ȏ͵ȐǤ ǡ Ǥ ̵ ǣ Level 1. Ǥ Level 2Ǥ Ǥ Ǥ ȋȌ ǡ ʹǤ Level 3Ǥ Ǥ Ǥ {8}------------------------------------------------ # 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) #### Securities owned, securities sold not yet purchased ǡ ͺʹͲǡ Ǥǡ Ǥ ǡ Ǥ ǡǡǤ #### Use of estimates Ǥ ǡ Ǥ #### Revenue recognition ǤʹͲͳͶǦͲͻǡDzdzȋDzͲdzȌ ǡ ǡ Ǥ ǡǡǤ Ǥ Ǥ ǯ Ǥ ȋǤǤǡ DzdzȌǤ ǡǡǡǤ #### Agency commissions Ǥ ǯ Ǣ ǡǤ ǡ ȀǤ #### Research fees ǤǤ Ǥ Ǥ ǡ Ǥ {9}------------------------------------------------ # 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) # Revenue recognition (continued) # Trading gains (lossesȌ Ǥ ǡ ǡǡǤ ǤǤǤ ǡ ȀǤ # Rebate income Ǥ ǡ ȀǤ ǡ ǣ | | | ͳǦ ƒǦʹͳ | ͵ͳǦ‡…Ǧʹͳ | |----------------------------|----|-----------|-------------| | —‡ˆ"'…އƒ"‹‰'"‰ƒ‹œƒ–‹'• | ̈́ | ͷǡ͵ͷ͸ǡͶ͵ͺ | ̈́ͷǡͶͻ͵ǡͷͷʹ | | '‹••‹'•"‡…‡‹˜ƒ"އ | | ̈́ͶͲǡͷͺ͸ | ̈́͵ǡ͹ͷͷ | #### Leases ȋȌʹͲͳǦͲʹǡDzȋͺͶʹȌdz Ȃ Ǥ Ǥ ǡ ǡ Ǥ # Credit Losses ͵ʹǡ Ȃ ȋDz ͵ʹdzȌǤ ͵ʹ ȋ̶̶Ȍ Ǥ ǡ ȋǤǤǡȌǤ {10}------------------------------------------------ #### 3. FIXED ASSETS, net ͵ͳǡʹͲʹͳǡǣ | ''—–‡"ƒ†'ˆˆ‹…‡‡"—‹'‡– | ̈́ | ͸ͺǡ͵ʹͺ | |-----------------------------|----|--------| | ‡••ǣƒ……——Žƒ–‡††‡'"‡…‹ƒ–‹' | | ͸ʹǡͺͷ͵ | | | ̈́ | ͷǡͶ͹ͷ | ## 4. CLEARANCE AGREEMENT ǡ ǡ Ǥ ǡ ǡ ǡ ǡ ǡ ǡ ǡ ǡ Ǥ ͵ͳǡʹͲʹͳǡ ̈́Ͷǡͻͻ͵ǡͷͷʹ̈́ͷͲͲǡͲͲͲ Ǥǡ ̈́ͶʹǡͲͳͳǤ #### 5. INCOME TAXES ͵ͳǡ ʹͲʹͳǡ ȋDzǯdzȌǡ ̈́ʹǡͻͷͲǡͲͲͲǡ̈́ʹǡͲͺͲǡͲͲͲ ̵ʹͲ͵̈́ͺͲǡͲͲͲǤ ̈́ͳǡͲͲͲǡͲͲͲ ͵ͳǡ ʹͲʹͳǡ Ǥ̈́ͳʹͲǡͲͲͲ ͵ͳǡ ʹͲʹͳǤ ̈́ͶͲͲǡͲͲͲǤ ʹͲͳǡ ǯ ͵ͺʹ Ǥ ǡ Ǥ {11}------------------------------------------------ #### 6. RIGHT OF USE ASSET AND LEASE LIABILITY Ǧ ʹͲʹʹǤ ǡ ǡ ǡ Ǥ ʹͲʹʹǡ Ǧ ǡ ʹͲʹ͵ǡ ̈́ͶǡͺͻͻǤ ȋȌʹͲͳǦͲʹǡDzȋͺͶʹȌdz ǦǤ Ǥ ǡǡ Ǥ ǡ ̈́ͳͶǡͲǡ̈́ͳͶǡͺͷͺǤ ͳǡʹͲͳͻǤͷΨǤ ǡ͵ͳǡʹͲʹͳǡǣ | | | Less | Total | |-------------------------|--------------|-----------------|-----------------| | Year Ending December 31 | Lease | Discount Amount | Lease Liability | | | | | | | ʹͲʹʹ |
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ͳͶǡͺͷͺ | # 7. OFF-BALANCE SHEET RISK Ǥ ǡ Ǥ Ǥ ǡ ǡ Ǧǡǡ ǦǤ͵ͳǡʹͲʹͳǡ Ǥ {12}------------------------------------------------ ### 8. NET CAPITAL REQUIREMENTS ͳͷ͵Ǧͳ ǡǡ ǡ ǡ Ǥ ǡ ̈́ʹͷͲǡͲͲͲʹȀ͵ΨǤ ͵ͳǡʹͲʹͳǡǡǡ̈́ͷǡ͵ͶͲǡ͵ʹǡ ̈́ʹͷͲǡͲͲͲ̈́ͷǡͲͻͲǡ͵ʹǤ͵ͳǡ ʹͲʹͳǡ ̈́ͻͻǡʹͳͶǤ ǯ ͳǤͺΨǤ ## 9. CONTINGENCIES ǡ Ǥ Ǥ Ǧͳͻǡ ǡ ǤǤǤ ǤǦǡǡ Ǥ #### 10.SUBSEQUENT EVENTS ͵ͳǡ ʹͲʹͳǡ ǯǤ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.