Full text of MORGAN STANLEY CAPITAL SERVICES, LLC's X-17A-5 filed 2025-02-26. Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ ## MORGAN STANLEY CAPITAL SERVICES LLC ## STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2024 AND INDEPENDENT AUDITOR'S REPORT \*\*\*\*\*\*\*\*\*\*\* Filed Pursuant to Rule Rule 18a-7(d)(2) under the Securities Exchange Act of 1934 as a Public Document. Note: A copy of this report, the Morgan Stanley Capital Services LLC Statement of Financial Condition as of December 31, 2024, may be mailed to you at no cost by calling 1 (833) 445-2492. {1}------------------------------------------------ # MORGAN STANLEY CAPITAL SERVICES LLC | | Table of Contents | Page No. | |---------|----------------------------------------------------|----------| | | Independent Auditor's Report | | | | Statement of Financial Condition | 2 | | | Notes to Statement of Financial Condition | | | Note 1. | Introduction and Basis Presentation | 3 | | Note 2. | Significant Accounting Policies | 3 | | Note 3. | Cash and Cash Equivalents | 7 | | Note 4. | Related Party Transactions | 7 | | Note 5. | Fair Values | 9 | | Note 6. | Derivative Instruments | 13 | | Note 7. | Collateralized Transactions | 1 ਦੇ | | | Note 8. Borrowings and Other Secured Financings | 17 | | Note 9. | Subordinated Liabilities | 17 | | | Note 10. Commitments, Guarantees and Contingencies | 17 | | | Note 11. Variable Interest Entities | 19 | | | Note 12. Risk Management | 20 | | | Note 13. Income Taxes | 23 | | | Note 14. Regulatory Requirements | 24 | | | Glossary of Common Terms and Acronyms | 55 | {2}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`O<<9>K6@>;F;C;7;9>O@A9<786>9>7?@A?<A>?<9GO<789<A9>=<;F9A;@789^OA;76<a> b9>K6@>;F;C;7;9>G6<789^OA;76G789c;@?@=;?CB7?79E9@7>9=7;6@6G6O<<9K6<7ZN9?<9<9dO;<9A76F9 ;@A9K9@A9@76G789J6EK?@I?@A76E9976O<6789<978;=?C<9>K6@>;F;C;7;9>T;@?==6<A?@=9\;78789<9C9L?@7 978;=?C<9dO;<9E9@7><9C?7;@H766O<?OA;7ZN9F9C;9L978?7789?OA;7…Read the full text as markdown