# BUCKLER SECURITIES LLC X-17A-5 (2023-02-23) — Broker-dealer annual report - Company: BUCKLER SECURITIES LLC - Form: X-17A-5 - Filed: 2023-02-23 - Period: 2022-12-31 - Accession: 0001679011-23-000005 - CIK: 1679011 - File #: 8-69807 - Type: Broker-dealer - Material weakness: No - Auditor: Deloitte & Touche LLP - Auditor location: New York, NY - Contact: Gordon Harper - Phone: 7726174340 - Website: deloitte.com - Signed by: James R. Mountain (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1679011/000167901123000005/Publc22.pdf --- {0}------------------------------------------------ ![](_page_0_Picture_0.jpeg) # SEC File Number 008-69807 Statement of Financial Condition # as of # December 31, 2022 # and Report of Independent Registered Public Accounting Firm Filed pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. {1}------------------------------------------------ # BUCKLER Securities LLC # Table of Contents | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|--| | Financial Statement | | | Statement of Financial Condition | | | Notes to Statement of Financial Condition | | {2}------------------------------------------------ **Deloitte & Touche LLP** 30 Rockefeller Plaza New York, NY 10112-0015 USA Tel: +1 212 492 4000 Fax: +1 212 489 1687 www.deloitte.com # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Members and the Board of Directors of BUCKLER Securities LLC # **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of BUCKLER Securities LLC (the "Company") as of December 31, 2022, 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, 2022, in conformity with accounting principles generally accepted in the United States of America. # **Basis for Opinion** The financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this 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 the 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 of the financial statement provides a reasonable basis for our opinion. February 22, 2023 We have served as the Company's auditor since 2018. {3}------------------------------------------------ # **#9'9+2+394,/3'3)/'143\*/9/43** | | +)+2(+7
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Repurchase activities are transacted under legally enforceable master repurchase agreements that give the event of default by the counterparty, the right to liquidate securities held and to offset receivables with the same counterparty. The Company offsets repurchase and resale transactions with the same counterparty on the Company's Statement of Financial Condition where it has such a legally enforceable master netting agreement and the transactions have the same maturity date. Included in securities purchased under agreements to resell and sold under agreements to repurchase on the Statement of Financial Condition are amounts under contracts with FICC. In accordance with applicable accounting guidance, netting is applied to the FICC reverse repurchase agreements and FICC repurchase agreements balances. The following table presents the gross and net securities purchased under agreements to resell and sold under agreements to repurchase at December 31, 2022. | | | Gross Balance | | Amounts netted on
the Statement of
Financial Condition | | Statement of Financial
Condition | | |----------------------------------------------------|--|---------------------|--|--------------------------------------------------------------|----|-------------------------------------|--| | Assets: | | | | | | | | | Securities purchased under agreements
to resell | | \$ 6,048,508,125 \$ | | 779,965,003 | ટે | 5,268,543,122 | | | Liabilities: | | | | | | | | | Securities sold under agreements to
repurchase | | \$ 5,957,211,550 \$ | | 779,965,003 | ટે | 5,177,246,547 | | No other netting has been applied to the reverse repurchase agreement and repurchase agreement balances. At December 31, 2022 the Company had one customer, which is an affiliate, whose individual balances accounted for 10% or more of total securities purchased under agreements to resell of \$3,963,591,067 prior to netting on the Statement of Financial Condition. At December 31, 2022 the Company had one customer, which is an affiliate, whose individual balances accounted for 10% or more of total securities sold under agreements to repurchase of \$706,208,513 prior to netting on the Statement of Financial Condition. {7}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