# EDGAR Filing Document

**Accession Number:** 0000810882
**File Stem:** 0000810882-23-000003
**Filing Date:** 2023-2
**Character Count:** 29875
**Document Hash:** 9eb5ecc2ba5d03baf9ffa5a8613a0699
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000810882-23-000003.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0000810882-23-000003

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**EFFECTIVENESS DATE**: 20230227

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INTESA SANPAOLO IMI SECURITIES CORP.
- **CENTRAL INDEX KEY:** 0000810882
- **IRS NUMBER:** 133380760
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-37444
- **FILM NUMBER:** 23672590

**BUSINESS ADDRESS:**
- **STREET 1:** 1 WILLIAM STREET
- **STREET 2:** 35TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004
- **BUSINESS PHONE:** 212-326-1100

**MAIL ADDRESS:**
- **STREET 1:** 1 WILLIAM STREET
- **STREET 2:** 35TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTESA SANPAOLO IMI SECURITIES CORP.
- **DATE OF NAME CHANGE:** 20200710

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCA IMI SECURITIES CORP.
- **DATE OF NAME CHANGE:** 20030129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MABON SECURITIES CORP                                   /BD
- **DATE OF NAME CHANGE:** 19990513

### Attached PDF Documents

**Attachment 1:** `intesa2022publicauditb.pdf`

# Intesa Sanpaolo IMI Securities Corp.

Statement of Financial Condition

December 31, 2022

Filed as PUBLIC information pursuant to Rule 17a-5(d) under the Securities Exchange Act of 1934

# UNITED STATES

# SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

OMB Number: 3235-0123

Expires: Oct. 31, 2023

Estimated average burden

hours per response: 12

# ANNUAL REPORTS

# FORM X-17A-5

# PART III

SEC FILE NUMBER

8-37444

# 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 | 01/01/2022 | AND ENDING | 12/31/2022 |
| --- | --- | --- | --- |
|  | MM/DD/YY |  | MM/DD/YY |

# A. REGISTRANT IDENTIFICATION

NAME OF FIRM: Intesa Sanpaolo IMI Securities Corp.

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 a P.O. box no.)

1 William Street 9th Floor

| (No. and Street) |  |  |
| --- | --- | --- |
| New York | New York | 10004 |
| (City) | (State) | (Zip Code) |

PERSON TO CONTACT WITH REGARD TO THIS FILING

| Vincent DiBella | 212-326-1118 | vincent.dibella@intesasanpaolo.com |
| --- | --- | --- |
| (Name) | (Area Code - Telephone Number) | (Email Address) |

# B. ACCOUNTANT IDENTIFICATION

INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*

Crowe LLP

| (Name - if individual, state last, first, and middle name) |  |  |  |
| --- | --- | --- | --- |
| 485 Lexington Ave | New York | NY | 10017 |
| (Address) | (City) | (State) | (Zip Code) |
| 09/24/2003 |  | 173 |  |
| (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 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.

# OATH OR AFFIRMATION

I, Vincent DiBella, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Intesa Sanpaolo IMI Securities Corp., as of December 31, 2022, 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.

Marina Belcic
Notary Public, State of New York
Registration #01BE6043024
Qualified In Nassau County
My Commission Expires June 5, 2026

Signature: [Signature]
Title:
Chief Financial Officer

Marina Belcic
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.

[LOGO]

Crowe

Crowe LLP

Independent Member Crowe Global

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Stockholder of
Intesa Sanpaolo IMI Securities Corp.
New York, New York

# Opinion on the Financial Statement

We have audited the accompanying statement of financial condition of Intesa Sanpaolo IMI Securities Corp. (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

This 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.

Crowe LLP

Crowe LLP

We have served as Intesa Sanpaolo IMI Securities Corp.'s auditor since 2018.

New York, New York

February 23, 2023

Intesa Sanpaolo IMI Securities Corp.

Statement of Financial Condition

December 31, 2022

ASSETS

| Cash | $11,012,928 |
| --- | --- |
| Cash segregated under federal and other regulations | 2,000,000 |
| Financial instruments owned, at fair value | 129,819,629 |
| Receivables from brokers, dealers and clearing organizations | 17,414,048 |
| Receivables from affiliates | 11,368,199 |
| Receivables from affiliated customers | 670,543 |
| Fixed assets, at cost (net of accumulated depreciation and amortization of $1,818,961) | 554,800 |
| ROU operating lease assets | 407,500 |
| Net deferred taxes | 493,079 |
| Taxes receivable | 972,989 |
| Other assets | 2,660,350 |
| Total assets | $177,374,065 |

LIABILITIES AND STOCKHOLDER'S EQUITY

| Liabilities: |  |
| --- | --- |
| Payables to brokers, dealers and clearing Organizations | 628,144 |
| Operating lease liabilities | 407,500 |
| Interest and dividends payable | 59,303 |
| Accounts payable and accrued expenses | 3,315,552 |
| Total liabilities | 4,410,499 |
| Stockholder's Equity: |  |
| Common stock (66,500 shares authorized; 44,500 shares issued and outstanding, no par value) | 44,500,000 |
| Additional paid-in capital | 102,000,000 |
| Retained earnings | 26,463,566 |
| Total stockholder's equity | 172,963,566 |
| Total liabilities and stockholder's equity | $177,374,065 |

See Notes to Statement of Financial Condition

Intesa Sanpaolo IMI Securities Corp.
Notes to Statement of Financial Condition

# Note 1. Description of Organization

Intesa Sanpaolo IMI Securities Corp. (the "Company") is registered as a broker dealer in securities under the Securities Exchange Act of 1934. The Company is regulated by the Securities and Exchange Commission (the "SEC"), and the Financial Industry Regulatory Authority, Inc. (FINRA"). The Company is a member of the New York Stock Exchange (the "NYSE") and other regional exchanges. The Company is also registered as an international dealer with the Ontario Securities Commission (the "OSC").

The Company is a wholly owned subsidiary of IMI Capital Markets USA Corporation (IMI U.S.), which is wholly owned by IMI Investments S.A., a wholly owned subsidiary of Intesa Sanpaolo S.p.A. (the "Group").

As part of the Group's investment banking business, the Company serves as an agent of the Group in effecting equity and fixed income products on behalf of the Group. Conversely the Company acts as agent for U.S. institutional investors, effecting trades in European equity securities. The Company also provides chaperoning services on behalf of the Group for related US underwriting transactions.

Such activities are settled by the Company through domestic and foreign clearing organizations as well as foreign affiliates with the underlying transactions conducted only on either a delivery versus payment or receipt versus payment ("DVP/RVP") basis.

# Note 2. Significant Accounting Policies

Basis of Presentation: The financial statements include the accounts of Intesa Sanpaolo IMI Securities Corp., and are presented in accordance with accounting principles generally accepted in the United States of America.

Use of Estimates: The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Translation of foreign currencies: Assets and liabilities denominated in foreign currencies are translated at year-end rates of exchange on the Statement of Financial Condition.

Securities Transactions: Customer securities transactions are recorded on the settlement date, which is generally three business days after the trade date. Receivables from and payables to customers include amounts related to securities transactions. The value of securities owned by customers collateralizing their balances due to the Company is not reflected in the accompanying statement of financial condition.

Cash and Cash Equivalents: The Company considers all highly liquid investments, with original maturities of three months or less at the date of acquisition that are not held for sale in the ordinary course of business, to be cash equivalents.

Cash Segregated Under Federal and Other Regulations: : The Company segregates cash in a special reserve bank account for the exclusive benefit of customers under Rule 15c3-3 of the Securities Exchange Act of 1934. As of December 31, 2022, the Company made a computation related to Rule 15c3-3 and was required to maintain a balance of $104,313 in the account. the company had segregated cash in a demand account with a value of $2,000,000 as of December 31, 2022.

Intesa Sanpaolo IMI Securities Corp.
Notes to Statement of Financial Condition

# Note 2. Significant Accounting Policies (continued)

Financial Instruments Owned: Proprietary securities transactions and the related revenues and expenses are recorded on a trade-date basis. Financial instruments owned are stated at fair value with related changes in unrealized appreciation or depreciation reflected in principal transactions revenues. Fair value is generally based on published market prices or other relevant factors including dealer price quotations.

Fixed Assets: Furniture, equipment and leasehold improvements are stated at cost, less accumulated depreciation and amortization. Straight-line depreciation of furniture and equipment is determined using estimated useful lives of three years. Leasehold improvements are amortized over the lesser of the economic useful life of the improvement or the term of the lease. Management reviews furniture, equipment and leasehold improvements whenever events or changes in circumstances indicate the carrying amount of the asset may not be recoverable.

Fair Value of Financial Instruments: Substantially all of the Company's assets and liabilities are carried at fair value or contracted amounts that approximate fair value. Assets that are recorded at contracted amounts approximating fair value consist largely of short-term secured receivables, including customer receivables and certain other receivables. Similarly, the Company's short-term liabilities, such as customer and noncustomer payables and certain other payables, are recorded at contracted amounts approximating fair value. These instruments generally have variable interest rates and/or short-term maturities, in many cases overnight and, accordingly, their fair values are not materially affected by changes in interest rates.

Income Taxes: The Company is included in the consolidated federal, state and local income tax returns of IMI U.S. Income taxes have been determined on a separate company basis.

Financial Accounting Standards Board (the "FASB") ASC 740, Income Taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are "more likely than not" of being sustained "when challenged" or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. The Company did not have any unrecognized tax benefits as of December 31, 2022, and do not expect any in the next twelve months.

Income taxes are provided under the provisions of ASC 740, which requires the Company to use the asset and liability method. This method requires that deferred taxes be adjusted to reflect the tax rates at which future taxable amounts will be settled or realized. The effects of tax rate changes on future deferred tax liabilities and deferred tax assets, as well as other changes in income tax laws, are recognized in net earnings in the period such changes are enacted. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized.

# Current Expected Credit Losses (CECL)

The Company accounts for estimated credit losses on financial assets measured at an amortized cost basis and certain off-balance sheet credit exposures in accordance with FASB ASC 326-20, Financial Instruments - Credit Losses. FASB ASC 326-20 requires the Company to estimate expected credit losses over the life of its financial assets and certain off-balance sheet exposures as of the reporting date based on relevant information about past events, current conditions, and reasonable and supportable forecasts.

Intesa Sanpaolo IMI Securities Corp.
Notes to Statement of Financial Condition

# Note 2. Significant Accounting Policies (continued)

For financial assets measured at amortized cost basis that are not eligible for the collateral maintenance practical expedient (and any unsecured amounts for instruments applying the practical expedient), the Company estimates expected credit losses over the life of the financial assets as of the reporting date based on relevant information about past events, current conditions, and reasonable and supportable forecasts.

Receivables from brokers, dealers and clearing organizations: The Company's receivables from broker-dealers and clearing organizations include amounts receivable from settled and unsettled trades, including amounts receivable for securities failed to deliver, accrued interest receivables and cash deposits. A portion of the Company's trades and contracts are cleared through a clearing organization and settled daily between the clearing organization and the Company. Because of this daily settlement, the amount of unsettled credit exposures is limited to the amount owed the Company for a very short period of time. The Company continually reviews the credit quality of its counterparties.

Receivables from affiliates and affiliated customers: The Company's receivables from affiliates primarily consist of commissions and fees earned from revenue transactions. The Company's receivables from affiliated customers primarily consists of DVP/RVP securities fails to deliver and receive.

Substantially all of these receivables are accounted for at amortized cost net of estimated uncollectible amounts, which generally approximates fair value. The Company estimates an allowance for credit losses on receivables by considering credit quality indicators of affiliates and customers and evaluating collectability of receivables balances.

As of December 31, 2022, the Company does not have an allowance for credit losses on its receivables.

# Note 3. Fair Value Measurement

The Company has adopted the FASB Accounting Standards Codification ("ASC") Topic 820, Fair Value Measurements and Disclosures. ASC 820 defines fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value, and provides for disclosure requirements for fair value measurements. Fair value is the price that would be received to sell an asset and paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes valuation techniques to maximize the use of observable inputs and minimize the use of unobservable inputs. Assets and liabilities recorded at fair value are categorized based upon the level of judgment associated with the inputs used to measure their value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Inputs are broadly defined as assumptions market participants would use in pricing an asset or liability. The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Company has the ability to access at the measurement date.

Level 2: Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability.

Intesa Sanpaolo IMI Securities Corp.
Notes to Statement of Financial Condition

# Note 3. Fair Value Measurement (continued)

Level 3: Prices, inputs or exotic modeling techniques that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

A description of the valuation techniques applied to the Company's major categories of financial instruments owned, measured at fair value are as follows -

U.S. Government securities - U.S. Government securities are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued principally using dealer quotations. U.S. Government securities are categorized in level 1 or level 2 of the fair value hierarchy depending on the inputs used and market activity levels for specific securities.

Money market fund - Money market funds consists of money market mutual funds. Cash deposits are made by the Company to the fund which invests at least 99.5% of its total assets in cash, U.S. Treasury bills, notes and other obligations issued or guaranteed as to principal and interest by the U.S. Government, its agencies or instrumentalities, and repurchase agreements secured by such obligations or cash. The money market fund is classified as Level 1 assets in the fair value hierarchy. The fund seeks to preserve the value of $1 per share. The Company has not experienced any losses in such account.

As required by ASC 820, investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement. The table that follows sets forth information about the level within the fair value hierarchy at which the Company's investments were measured at December 31, 2022.

|  | Level 1 | Level 2 | Level 3 | Total |
| --- | --- | --- | --- | --- |
| Investments in Securities: |  |  |  |  |
| U.S. Treasury Securities | $79,819,629 | - | - | $79,819,629 |
| Money Market Fund | $50,000,000 | - | - | $50,000,000 |
|  | $129,819,629 | - | - | $129,819,629 |

The Company assesses the levels of the investments at each measurement day, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer. There were no transfers between levels during the year ended December 31, 2022.

At December 31, 2022, there were no financial instruments owned that were pledged to counterparties.

# Note 4. Common Stock

The authorized common stock of the Company is comprised of 66,500 shares, of which 44,500 are issued and outstanding at December 31, 2022. All of the Company's stock is owned by IMI U.S. The common stock has no par or stated value and is carried at its original issue price of $1,000 per share. Additional paid-in capital represents capital contributions made by IMI U.S. to the Company subsequent to the original stock issuance.

Intesa Sanpaolo IMI Securities Corp.
Notes to Statement of Financial Condition

# Note 5. Related Parties

The Company has extensive transactions with affiliates of the Group. These activities include executing and clearing securities transactions and providing operational support for foreign affiliates in their securities dealings in the United States.

Intesa Sanpaolo S.p.A. had various contracts with the Company for chaperoning services related to underwriting activity, fixed income trading activity, Interest rate swaps, foreign exchange, commodities as well as equity agency commission trade transactions based on various fee tables. Receivables associated with such contracts was $11,242,782 which is included in Receivable from affiliates on the Statement of Financial Condition. In addition, at December 31, 2022, Intesa Sanpaolo S.p.A. had a balance in the Company's customer accounts in the amount of $670,543 due to customer DVP/RVP broker fails and DTCC continuous Net Settlement (CNS) fails. Lastly, the Company held a cash balance from Intesa S.p.A. in its clearing custody account of $660,699 which is included in Receivables from brokers, dealers and clearing organizations on the Statement of Financial Condition.

For the year ended December 31, 2022, Intesa Sanpaolo S.p.A.'s NY Branch rented office space to the Company under a lease agreement. The related party schedule reflects the recognition of $376,289, under Financial Accounting Standards Board (the "FASB") ASC 842 Leases. The lease amounts are included under both the ROU operating lease assets and Operating lease liabilities on the Statement of Financial Condition. Summarized below are the Company's affiliate balances as of and for the year ended December 31, 2022:

| Assets: |  | Related Party: |  |
| --- | --- | --- | --- |
| Receivables from brokers, dealers and clearing organizations | 660,699 | Intesa Sanpaolo S.p.A. |  |
| Receivables from affiliates | 11,368,199 | Intesa Sanpaolo S.p.A./Romulas |  |
| Receivables from affiliated customers | 670,543 | Intesa Sanpaolo S.p.A. |  |
| ROU operating lease assets | 376,289 | Intesa Sanpaolo S.p.A. |  |
| Other assets | 112,774 | Intesa Sanpaolo S.p.A. |  |
| Total assets | $13,188,504 |  |  |
| Liabilities: |  |  |  |
| Operating lease liabilities | 376,289 | Intesa Sanpaolo S.p.A. NY branch |  |
| Total liabilities | $376,289 |  |  |

The Company has a $200 million uncommitted unsecured line of credit for short term borrowings with a maturity of up to 1 year. The Company has another 50 million euro line of credit from the Group to cover delivery risk related to securities transactions. These lines of credit are used to finance activities involving settlement of securities transactions. These lines of credit are payable on demand and bear interest at rates that vary and are determined at the time of the borrowing. The Company did not have any outstanding borrowings under the lines of credit at December 31, 2022.

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0000810882

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** No

### Submission Information

**Report Period Begin Date:** 01-01-2022

**Report Period End Date:** 12-31-2022

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** INTESA SANPAOLO IMI SECURITIES CORP.

**Business Address:** 1 WILLIAM STREET, 9TH FLOOR, NEW YORK, NY, BANCA IMI

**Contact Person:** Vincent Di Bella

**Contact Phone:** 9174203311

### Independent Public Accountant Identification

**Accountant Name:** Crowe LLP

**Accountant Address:** 485 Lexington Ave, New York, NY, 10017

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Vincent Di Bella**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **INTESA SANPAOLO IMI SECURITIES CORP.**, as of **12-31-2022**, are true and correct.

**Signature:** Vincent Di Bella

**Title:** Chief Financial Officer

**Notarized:** Yes