# ELECTRONIC TRANSACTION CLEARING, INC. X-17A-5 (2022-03-01) — Broker-dealer annual report

- Company: ELECTRONIC TRANSACTION CLEARING, INC.
- Form: X-17A-5
- Filed: 2022-03-01
- Period: 2021-12-31
- Accession: 0001421924-22-000004
- CIK: 1421924
- File #: 8-67790
- Type: Broker-dealer
- Material weakness: No
- Auditor: RSM LLP
- Auditor location: Chicago, IL
- Contact: Jarred Beckerman
- Phone: 214-765-1278
- Email: wbrennan@apexfintechsolutions.com
- Website: apexfintechsolutions.com
- Signed by: William Brennan (Chief Executive Officer)

Original filing: https://www.sec.gov/Archives/edgar/data/1421924/000142192422000004/ETC_YE2021_Public.pdf

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# **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**

**ANNUAL REPORTS FORM X-17A-5 PART III** 

OMB APPROVAL OMB Number: ϯϮϯϱͲϬϭϮϯ Expires: KĐƚ͘ϯϭ͕ϮϬϮϯ Estimated average burden hours per response:

SEC FILE NUMBER

8-67790

**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 _____________________ AND ENDING ______________________                                                                                                 | 01/01/21<br>MM/DD/YY                                       |                                       | 12/31/21<br>MM/DD/YY                                 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|---------------------------------------|------------------------------------------------------|
|                                                                                                                                                                                         | A. REGISTRANT IDENTIFICATION                               |                                       |                                                      |
| Electronic Transaction Clearing, Inc.<br>NAME OF FIRM: _______________________________________________________________________                                                          |                                                            |                                       |                                                      |
| TYPE OF REGISTRANT (check all applicable boxes):<br>܆<br>܆<br>Broker-dealer<br>Security-based swap dealer<br>܆ Check here if respondent is also an OTC derivatives dealer               | ܆                                                          | Major security-based swap participant |                                                      |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)                                                                                                                     |                                                            |                                       |                                                      |
| 660 South Figueroa Street, Suite 1450<br>_____________________________________________________________________________________                                                          |                                                            |                                       |                                                      |
|                                                                                                                                                                                         | (No. and Street)                                           |                                       |                                                      |
| Los Angeles<br>_____________________________________________________________________________________                                                                                    | CA                                                         |                                       | 90017                                                |
| (City)                                                                                                                                                                                  | (State)                                                    |                                       | (Zip Code)                                           |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                                                                                                            |                                                            |                                       |                                                      |
| William Brennan<br>_____________________________________________________________________________________<br>(Name)                                                                      | 214-765-1258<br>(Area Code – Telephone Number)             |                                       | wbrennan@apexfintechsolutions.com<br>(Email Address) |
|                                                                                                                                                                                         | B. ACCOUNTANT IDENTIFICATION                               |                                       |                                                      |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*<br>RSM US LLP                                                                                                 |                                                            |                                       |                                                      |
| _____________________________________________________________________________________                                                                                                   | (Name – if individual, state last, first, and middle name) |                                       |                                                      |
| _____________________________________________________________________________________<br>30 South Wacker Drive, Suite 3300<br>(Address)                                                 | Chicago<br>(City)                                          | IL<br>(State)                         | 60606<br>(Zip Code)                                  |
| 09/24/2003                                                                                                                                                                              |                                                            | 49                                    |                                                      |
| _____________________________________________________________________________________<br>(Date of Registration with PCAOB)(if applicable)<br>(PCAOB Registration Number, if applicable) |                                                            |                                       |                                                      |
|                                                                                                                                                                                         | FOR OFFICIAL USE ONLY                                      |                                       |                                                      |

\* Claims for exemption from the requirement that the annual reports be covered by the 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 contained in this form are not required to respond unless the form displays a currently valid OMB control number.** 

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### **OATH OR AFFIRMATION**

I, \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, as of William Brennan Electronic Transaction Clearing, Inc.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 2\_\_\_\_\_, 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. December 31 021

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ The Company is making this filing without a notarization based upon the updated Division of Markets Staff Statement Regarding Requirements for Certain Paper Submissions in Light of COVID-19 Concerns (6/18/2020) and difficulties arising from COVID-19.

Signature: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Title: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Chief Executive Officer

Notary Public

### **This filing\*\* contains (check all applicable boxes):**

- ܆) 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.
- ܆) 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.
- ܆) l) 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.
- ܆) 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.
- ܆) 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.
- ܆) 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.
- ܆) 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 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).
- ܆) 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.*

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|                         | *5@?BD?6!>45@5>45>D*579CD5B54(E2<9333?E>D9>79B=                                                                              |  |
|-------------------------|------------------------------------------------------------------------------------------------------------------------------|--|
|                         | +D1D5=5>D?69>1>391<?>49D9?>                                                                                                  |  |
|                         | &?D5CD?D85+D1D5=5>D?69>1>391<?>49D9?>                                                                                        |  |
|                         |                                                                                                                              |  |
| +E@@<5=5>D1<!>6?B=1D9?> |                                                                                                                              |  |
| +3854E<5!               | 9>1>391<1>4'@5B1D9?>1<?=29>54->96?B=+9>7<5*5@?BD(1BD!!                                                                       |  |
| +3854E<5!!              | ?=@ED1D9?>6?BD855D5B=9>1D9?>?6ECD?=5B1>4(*5C5BF5*5AE9B5=5>DC                                                                 |  |
|                         | ->45B*E<53<br>?6D85+53EB9D95C1>4H381>75?==9CC9?>                                                                             |  |
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![](_page_4_Picture_0.jpeg)

#### **Report of Independent Registered Public Accounting Firm**

Board of Directors of Electronic Transaction Clearing, Inc.

#### **Opinion on the Financial Statement**

We have audited the accompanying statement of financial condition of Electronic Transaction Clearing, Inc. (the Company) as of December 31, 2021, and the related notes to the financial statement (collectively, 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. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

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.

#### **Supplemental Information**

The supplementary information contained in Schedules I, II, and III (the Supplemental Information) has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statement. The Supplemental Information is the responsibility of the Company's management. Our audit procedures included determining whether the Supplemental Information reconciles to the financial statement or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the Supplemental Information. In forming our opinion on the Supplemental Information, we evaluated whether the Supplemental Information, including its form and content, is presented in conformity with 17 C.F.R. § 240.17a-5. In our opinion, the supplementary information contained in Schedules I, II, and III is fairly stated, in all material respects, in relation to the financial statement as a whole.

We have served as the Company's auditor since 2021.

Chicago, Illinois February 28, 2022

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{9}------------------------------------------------

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|                                                                           | 1A17 | 1A17  | 1A17  | &:?-7 |
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| >>1?>                                                                     |      |       |       |       |
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| &+C53EB9D95C619<54D?45<9F5B                                               | <br> | <br>M | <br>M | <br>  |
| 5-.575?51>                                                                |      |       |       |       |
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| &+C53EB9D95C619<54D?B5359F5                                               | <br> | <br>M | <br>M | <br>  |

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{14}------------------------------------------------

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| >>1?>                                                                   |              |       |       |       |                           |
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| ?B71>9J1D9?>C                                                           |              |       | <br>M | <br>M |                           |
| 'D85B1CC5DC                                                             | <br>         | <br>M | <br>  | <br>M | <br>                      |
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| 5-.575?51>                                                              |              |       |       |       |                           |
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| \$5CC!=@ED549>D5B5CD                                   | <br>                        |
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{20}------------------------------------------------

{21}------------------------------------------------

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| <br>,?D1<?G>5BC89@5AE9DI6B?=+D1D5=5>D?69>1>391<?>49D9?><br><br>                                  |  |
|--------------------------------------------------------------------------------------------------|--|
| <br>54E3D?G>5BC89@5AE9DI>?D1<<?G12<56?B&5D1@9D1<<br><br><br>                                     |  |
| <br>,?D1<?G>5BC89@5AE9DIAE1<969546?B&5D1@9D1<<br><br>                                            |  |
| <br>44                                                                                           |  |
| <br>\$9129<9D95CCE2?B49>1D54D?3<19=C?675>5B1<3B549D?BC1<<?G12<59>3?=@ED1D9?>?6>5D                |  |
| 31@9D1<<br><br><br><br>'D85B454E3D9?>C?B1<<?G12<53B549DC<9CD<br><br><br>                         |  |
| <br>,?D1<31@9D1<1>41<<?G12<5CE2?B49>1D54<9129<9D95C<br><br>                                      |  |
| <br>54E3D9?>C1>4?B381B75C                                                                       |  |
| <br>,?D1<>?><br>1<<?G12<51CC5DC6B?=+D1D5=5>D?69>1>391<<br>?>49D9?><br><br><br>                   |  |
| <br>449D9?>1<381B75C6?B3ECD?=5BCP1>4>?><br>3ECD?=5BCP                                            |  |
| C53EB9DI133?E>DC<br><br><br>                                                                     |  |
| <br>449D9?>1<381B75C6?B3ECD?=5BCP1>4>?><br>3ECD?=5BCP<br>C53EB9DI133?E>DC<br><br><br>            |  |
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| 449D9?>1<381B75C6?B3ECD?=5BC1>4>?><br>3ECD?=5BC<br><br>CG1@133?E>DC<br><br><br>                  |  |
| 754619<<br>D?<br>45<9F5B<br><br><br>                                                             |  |
| <br>>E=25B?69D5=C<br><br><br>                                                                    |  |
| 754C8?BDC53EB9DI49665B5>35C<br><5CCB5C5BF5?6<br><br><br>                                         |  |
| >E=25B?69D5=C<br><br><br>                                                                        |  |
| +53EB5445=1>4>?D54569395>3I<br><br><br>                                                          |  |
| ?==?49DI6EDEB5C3?>DB13DC1>4C@?D3?==?49D95CL@B?@B95D1BI<br>31@9D1<381B75C<br><br><br>             |  |
| 'D85B454E3D9?>C1>4?B381B75C<br><br><br>                                                         |  |
| 54E3D9?>C6?B133?E>DC31BB954E>45B*E<53<br>1	1	1>4<br>3H<br><br><br>                               |  |
| 'D85B454E3D9?>C1>4?B381B75C<br><br>                                                             |  |
| <br>'D85B1449D9?>C1>4?B1<<?G12<53B549DC\$9CD<br><br><br>                                        |  |
| <br>&5D31@9D1<256?B5819B3EDC?>C53EB9D95C@?C9D9?>C<br><br>                                        |  |
| <br>19B3EDC?>C53EB9D95C3?=@ED54	G85B51@@<9312<5	@EBCE1>DD?3<br>6                                 |  |
| ?>DB13DE1<C53EB9D95C3?==9D=5>DC<br><br><br>                                                      |  |
| +E2?B49>1D54C53EB9D95C2?BB?G9>7C<br><br><br>                                                     |  |
| ,B149>71>49>F5CD=5>DC53EB9D95C                                                                   |  |
| <br>1>;5BCP1335@D1>35	35BD96931D5?645@?C9D1>43?==5B391<<br>@1@5B<br><br><br>                     |  |
| <br>-+1>41>1491>7?F5B>=5>D?2<971D9?>C<br><br><br>                                                |  |
| <br>+D1D51>4=E>939@1<7?F5B>=5>D?2<971D9?>C<br><br><br>                                           |  |
| <br>?B@?B1D5?2<971D9?>C<br><br><br>                                                              |  |
| <br>+D?3;C1>4G1BB1>DC<br><br><br>                                                                |  |
| <br>'@D9?>C<br><br><br>                                                                          |  |
| <br>B29DB175<br><br><br>                                                                         |  |
| *9C;<br>21C54819B3EDC3?=@ED54E>45B* 3<br>1?B<br><br>* 1<br>1<br><br><br>                         |  |
| <br>'D85BC53EB9D95C<br><br><br>                                                                  |  |

{22}------------------------------------------------

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| 'D85B\$9CD                          | <br> |      |  |
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| <br>,5>D1D9F5>5D31@9D1<                                                                      | <br>     |
|----------------------------------------------------------------------------------------------|----------|
| <br>%9>9=E=D5>D1D9F5>5D31@9D1<B5AE9B5=5>D                                                    |          |
| <br>H35CCD5>D1D9F5>5D31@9D1<49665B5>3525DG55>\$9>5C1>4                                       | <br>     |
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| <br>*1D9?=9>9=E=>5D31@9D1<B5AE9B5=5>D |                                                                                                                      |       |  |  |  |
|---------------------------------------|----------------------------------------------------------------------------------------------------------------------|-------|--|--|--|
|                                       | ?6D?D1<177B571D59>452D54>5CC\$9>5!D5=                                                                                |       |  |  |  |
|                                       | <br>?6177B571D54529D9D5=C1CC8?G>9>D85?B=E<16?B*5C5BF5*5AE9B5=5>DC<br>@EBCE1>DD?*E<53<br>                             | <br>  |  |  |  |
|                                       | 9<br>%9>9=E=,>5D31@9D1<B5AE9B5=5>D961@@<9312<5<br><br>                                                               |       |  |  |  |
|                                       | (5B35>D175?6B9C;=1B79>1=?E>D3?=@ED54E>45B* 3<br>19?B1                                                                |       |  |  |  |
|                                       | ?B2B?;5B<br>451<5BC5>717549>B5F5BC5B5@EB381C517B55=5>DC	 ?6D851=?E>DC9><br>* 3<br>19<br>999                          |       |  |  |  |
|                                       | %9>9=E=B1D9?B5AE9B5=5>DCE=?6\$9>5C			1>4?B	1C1@@<9312<5                                                             | <br>  |  |  |  |
|                                       | 9H54<br>4?<<1B=9>9=E=>5D31@9D1<B5AE9B5=5>D                                                                           | <br>  |  |  |  |
|                                       | %9>9=E=>5D31@9D1<B5AE9B5=5>D7B51D5B?6\$9>5C1>4                                                                       | <br>  |  |  |  |
|                                       | H35CC>5D31@9D1<!D5= =9>EC!D5=                                                                                        |       |  |  |  |
|                                       | *1D9?=9>9=E=>5D31@9D1<B5AE9B5=5>D                                                                                    |       |  |  |  |
|                                       | &5D31@9D1<9>5H35CC?6 ?6=9>9=E=>5D31@9D1<B5AE9B5=5>DB5@?BD54?>\$9>5                                                   |       |  |  |  |
|                                       | <br>&5D31@9D1<9>5H35CC?6?63?=29>54177B571D54529D9D5=C1CC8?G>9>D85?B=E<16?B<br>*5C5BF5*5AE9B5=5>DC@EBCE1>DD?*E<53<br> |       |  |  |  |
|                                       | -7/@7-?5:9:25958@8 1?-;5?-7\$1<@5=1819?                                                                              |       |  |  |  |
|                                       | ,?D1<177B571D59>452D54>5CC<9129<9D95C6B?=+D1D5=5>D?69>1>391<?>49D9?>!D5=                                             |       |  |  |  |
|                                       | 44                                                                                                                   |       |  |  |  |
|                                       | B16DC6?B9==5491D53B549D<br><br>                                                                                      |       |  |  |  |
|                                       | <br>%1B;5DF1<E5?6C53EB9D95C2?BB?G546?BG8938>?5AE9F1<5>DF1<E5<br>9C@194?B3B549D54<br><br>                             |       |  |  |  |
|                                       | 'D85BE>B53?B4541=?E>DC<9CD<br><br>                                                                                   |       |  |  |  |
|                                       | ,?D1<1449D9?>CCE=?6\$9>5!D5=C   	1>4                                                                                 | <br>M |  |  |  |
|                                       | 54E3D4:ECD=5>D21C54?>45@?C9DC9>+@5391<*5C5BF51>;33?E>DC3<br>3F99                                                     |       |  |  |  |
|                                       | ,?D1<177B571D59>452D54>5CCCE=?6\$9>5!D5=C 1>4                                                                        | <br>M |  |  |  |
|                                       | (5B35>D175?6177B571D59>452D54>5CCD?>5D31@9D1<!D5= 49F94542I!D5=                                                      |       |  |  |  |
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{23}------------------------------------------------

#### **&\$! &\$ %&! \$ %/410@71 59-9/5-7-90!;1=-?5:9-7:8.5910'952:=8%59371\$1;:=?"-=? 1/18.1=**

| -7/@7-?5:9:2!?41=\$-?5:> |                                                                                                                                |  |  |
|--------------------------|--------------------------------------------------------------------------------------------------------------------------------|--|--|
|                          | (5B35>D175?6>5D31@9D1<D?177B571D54529DC!D5= 49F94542I!D5=                                                                      |  |  |
|                          | (5B35>D175?6>5D31@9D1<	16D5B1>D939@1D5431@9D1<G9D84B1G1<C	D?177B571D54529DC!D5=<br><5CC!D5= 	49F94542I!D5=                     |  |  |
|                          | (5B35>D175?6452DD?452D<br>D?<br>5AE9DID?D1<	3?=@ED549>133?B41>35G9D8*E<53<br>4                                                 |  |  |
|                          | '@D9?>C454E3D9?>C>5D31@9D1<B1D9?   D5CDD?D1<454E3D9?>C5H3<EC9F5?6<9AE941D9>7<br>5AE9DIE>45B*E<53<br>11>43H49F94542I>5D31@9D1< |  |  |

{24}------------------------------------------------

### **&\$! &\$ %&! \$**

**%/410@71**

#### **:8;@?-?5:92:=?411?1=859-?5:9:2@>?:81=\$1>1=A1\$1<@5=1819?>'901=\$@71 /:2?41%1/@=5?51>-90 C/4-931:885>>5:9**

|                                                                                                                                              | 1/18.1=<br>  |
|----------------------------------------------------------------------------------------------------------------------------------------------|--------------|
| =105?-7-9/1>                                                                                                                                 |              |
| B553B549D21<1>35C1>4?D85B3B549D21<1>35C9>3ECD?=5BCPC53EB9DI133?E>DC                                                                          | <br>         |
| %?>95C2?BB?G543?<<1D5B1<9J542IC53EB9D95C31BB9546?BD85133?E>DC?63ECD?=5BC                                                                     | <br>M        |
| %?>95C@1I12<51719>CD3ECD?=5BCPC53EB9D95C<?1>54                                                                                               | <br>         |
| ECD?=5BCPC53EB9D95C619<54D?B5359F59>3<E49>73B549D21<1>35C9>3?>D9>E?EC>5DC5DD<5=5>D<br>133?E>DC                                               | <br>         |
| B549D21<1>35C9>69B=133?E>DCD81D1B51DDB92ED12<5D?@B9>39@1<C1<5CD?3ECD?=5BC                                                                    | <br>M        |
| 19BF1<E5?6CD?3;49F945>4C	CD?3;C@<9DC	1>4C9=9<1B49CDB92ED9?>CB5359F12<5?EDCD1>49>7?F5B<br>31<5>41B41IC                                        | <br>M        |
| 19BF1<E5?6C8?BDC53EB9DI3?E>D49665B5>35C?F5B 31<5>41B41IC                                                                                     | <br>M        |
| 19BF1<E5?6C8?BDC53EB9D95C1>43B549DC>?DD?25?66C5D2IN<?>7CO?B2I4529DC9>1<<CEC@5>C5<br>133?E>DC?F5B 31<5>41B41IC                                | <br>M        |
| 19BF1<E5?6C53EB9D95CD81D1B59>DB1>C65B9>5H35CC?6 31<5>41B41IC1>481F5>?D255><br>3?>69B=54D?259>DB1>C65B2ID85DB1>C65B175>D?BD859CCE5B           | <br>M        |
| 'D85BB549DCL(1I12<5D?'=>92EC<51B9>79B=C                                                                                                      | <br>         |
| &:?-7=105??18>                                                                                                                               | <br><br><br> |
|                                                                                                                                              |              |
| 1.5?-7-9/1>                                                                                                                                  |              |
| 529D21<1>35C9>3ECD?=5BCP31C81>4=1B79>133?E>DC5H3<E49>7E>C53EB54133?E>DC1>4133?E>DC<br>4?E2D6E<?63?<<53D9?>>5D?6454E3D9?>C@EBCE1>DD?*E<53<br> | <br>         |
| +53EB9D95C2?BB?G54D?56653DE1D5C8?BDC1<5C2I3ECD?=5BC1>4C53EB9D95C2?BB?G54D?=1;545<9F5BI<br>?>3ECD?=5BCPC53EB9D95C619<54D?45<9F5B              | <br>         |
| 19<54D?45<9F5B?63ECD?=5BCPC53EB9D95C>?D?<45BD81> 31<5>41B41IC9>3<E49>74529D21<1>35C<br>9>3?>D9>E?EC>5DC5DD<5=5>D133?E>DC                     | <br>         |
| %1B79>B5AE9B541>4?>45@?C9DG9D8D85'@D9?>C<51B9>7?B@?B1D9?>6?B1<<?@D9?>3?>DB13DC<br>GB9DD5>?B@EB381C549>3ECD?=5B133?E>DC                       | <br>M        |
| 'D85B	*5359F12<56B?='=>92EC<51B9>79B=C                                                                                                       | <br>         |
| 77B571D5529D!D5=C                                                                                                                            | <br>         |
| \$5CC                                                                                                                                        | <br>         |
| &:?-71.5??18>                                                                                                                                | <br><br>     |
| C/1>>:2?:?-7/=105?>:A1=?:?-701.5?>                                                                                                           | <br><br>     |
| \$1>1=A1/:8;@?-?5:9                                                                                                                          |              |
| H35CC?6D?D1<3B549DC?F5BD?D1<4529DC                                                                                                           | <br>         |
| =?E>D85<4?>45@?C9D9>B5C5BF521>;133?E>DC                                                                                                      | <br>         |
| =?E>D?6G9D84B1G1<<br>"1>E1BI                                                                                                                 | <br>         |
| 1B-8:@9?59=1>1=A1-//:@9?-2?1=B5?40=-B-7                                                                                                      | <br>         |
| C/1>>125/5?                                                                                                                                  | <br>         |

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{25}------------------------------------------------

#### **&\$! &\$ %&! \$ %/410@71 :8;@?-?5:92:=?411?1=859-?5:9:2"\$1>1=A1\$1<@5=1819?>2:==:61=1-71=>**

|                                                                                                                                                     | 1/18.1=<br> |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|-------------|
| =105?-7-9/1>                                                                                                                                        |             |
| B553B549D21<1>35C1>4?D85B3B549D21<1>35C9>@B?@B95D1BI133?E>DC?62B?;5B<br>451<5BCN(O                                                                  | <br>        |
| %?>95C2?BB?G543?<<1D5B1<9J542IC53EB9D95C31BB9546?B(                                                                                                 | M           |
| %?>95C@1I12<51719>CD(C53EB9D95C<?1>54                                                                                                               |             |
| (C53EB9D95C619<54D?B5359F5                                                                                                                          |             |
| B549D21<1>35C9>69B=133?E>DCG89381B51DDB92ED12<5D?@B9>39@1<C1<5CD?(                                                                                  | M           |
| 'D85BL(1I12<5D?'=>92EC<51B9>79B=C                                                                                                                   |             |
| &:?-7"=105?>                                                                                                                                        | <br>        |
|                                                                                                                                                     |             |
| 1.5?-7-9/1>                                                                                                                                         |             |
| 529D21<1>35C9>(5H3<E49>7E>C53EB54133?E>DC1>4133?E>DC4?E2D6E<?63?<<53D9?>                                                                            | <br>        |
| +53EB9D95C2?BB?G54D?56653DE1D5C8?BDC1<5C2I(1>4C53EB9D95C2?BB?G54D?=1;545<9F5BI?><br>(C53EB9D95C619<54D?45<9F5B                                      | <br>        |
| 19<54D?45<9F5B?6(C53EB9D95C>?D?<45BD81> 31<5>41B41IC                                                                                                | <br>        |
| %1B79>B5AE9B541>4?>45@?C9DG9D8D85'@D9?>C<51B9>7?B@?B1D9?>6?B1<<?@D9?>3?>DB13DC<br>GB9DD5>?B@EB381C549>(133?E>DC                                     | <br>M       |
| %1B79>B5<1D54D?C53EB9DI6EDEB5C@B?4E3DCGB9DD5>	@EB381C54?BC?<49>(133?E>DCB5AE9B541>4<br>?>45@?C9DG9D83<51B9>7175>3I?B145B9F1D9F53<51B9>7?B71>9J1D9?> | <br>M       |
| 'D85BL*5359F12<56B?='=>92EC<51B9>79B=C                                                                                                              | <br>        |
| &:?-7"1.5?>                                                                                                                                         | <br>        |
| C/1>>:2?:?-7"/=105?>:A1=?:?-7"01.5?>                                                                                                                | <br>        |
|                                                                                                                                                     |             |
| \$1>1=A1:8;@?-?5:9                                                                                                                                  |             |
| (B5C5BF5B5AE9B5=5>D                                                                                                                                 | <br>        |
| =?E>D85<4?>45@?C9D9>(B5C5BF521>;133?E>DL535=25B                                                                                                     | <br>        |
| =?E>D?645@?C9DG9D84B1G1<<br>"1>E1BI                                                                                                                 | <br>        |
| 1B-8:@9?59"=1>1=A1.-96-//:@9?-2?1=01;:>5?                                                                                                           | <br>        |
| C/1>>125/5?                                                                                                                                         | <br>        |

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{26}------------------------------------------------

### **ELECTRONIC TRANSACTION CLEARING, INC.**

#### **Schedule III**

# **Information Relating to the Possession or Control Requirements for Brokers and Dealers Pursuant to Rule 15c3-3 Under the Securities Exchange Act of 1934**

|                                                                                                                                                                                                                                                                                                                                                   | December 31, 2021 |              |              |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------|--------------|--------------|
|                                                                                                                                                                                                                                                                                                                                                   |                   | Market Value | No. of Items |
| Customers' fully paid securities and excess margin securities not in the Company's<br>possession or control as of December 31, 2021 (for which instructions to reduce to<br>possession or control had been issued as of December 31, 2021, but for which the<br>required action was not taken within the time frames specified under Rule 15c3-3) | \$                | —            | —            |
| Customers' fully paid securities and excess margin securities for which instructions to<br>reduce to possession or control had not been issued as of December 31, 2021, excluding<br>items arising from "temporary lags that result from normal business operations" as<br>permitted under Rule 15c3-3                                            | \$                | —            | —            |


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.