# EDGAR Filing Document

**Accession Number:** 0001915842
**File Stem:** 0001915842-26-000004
**Filing Date:** 2026-3
**Character Count:** 2474
**Document Hash:** d1d15d317d7c55a917d951c84f1724b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001915842-26-000004.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001915842-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**EFFECTIVENESS DATE**: 20260302

**PERIOD START**: 20250101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nearwater Capital Markets, Ltd
- **CENTRAL INDEX KEY:** 0001915842

**ORGANIZATION NAME:**
- **EIN:** 981607067
- **STATE OF INCORPORATION:** L2
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 026-00217
- **FILM NUMBER:** 26705879

**BUSINESS ADDRESS:**
- **STREET 1:** FLEMING COURT, FLEMING'S PLACE
- **STREET 2:** 3RD FLOOR
- **CITY:** DUBLIN 4, DUBLIN
- **STATE:** L2
- **ZIP:** 00000
- **BUSINESS PHONE:** 2127749000

**MAIL ADDRESS:**
- **STREET 1:** ONE VANDERBILT AVE.
- **STREET 2:** 33RD FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

### Attached PDF Documents

**Attachment 1:** `NCMLSOFC.pdf`

_No text found in this document._

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001915842

**Filer CCC:** XXXXXXXX

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

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

### Submission Information

**Report Period Begin Date:** 01-01-2025

**Report Period End Date:** 12-31-2025

**Type of Registrant:** Security-based swap dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** Nearwater Capital Markets, Ltd

**Business Address:** FLEMING COURT, FLEMING'S PLACE, 3RD FLOOR, DUBLIN 4, DUBLIN, L2, 00000

**Contact Person:** Robert Pascuzzi

**Contact Phone:** 2127749023

### Independent Public Accountant Identification

**Accountant Name:** KPMG LLP

**Accountant Address:** Two Manhattan West, 375 9th Avenue, 17th Floor, New York, NY, 10001

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Robert Pascuzzi**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **Nearwater Capital Markets, Ltd**, as of **12-31-2025**, are true and correct.

**Signature:** Robert Pascuzzi

**Title:** Chief Financial Officer

**Notarized:** Yes