XML 69 R45.htm IDEA: XBRL DOCUMENT v3.22.4
Regulatory Capital Requirements (Tables)
 12 Months Ended
Dec. 31, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of Regulatory Capital Requirements
At December 31, 2022 and 2021, the regulatory capital requirements and regulatory capital for TWL, DW, TWD, TEL, TWJ, TWEU, TESL, EA and TESBV are as follows:
As of December 31, 2022
TWL
DW
TWD
TEL
TWJ
TWEU
TESLTESBV
(in thousands)
Regulatory Capital$41,933 $131,026 $44,094 $59,904 $7,320 $8,794 $1,607 $1,677 
Regulatory Capital Requirement3,669 3,574 775 32,589 1,695 4,517 904 801 
Excess Regulatory Capital$38,264 $127,452 $43,319 $27,315 $5,625 $4,277 $703 $876 
As of December 31, 2021
TWL
DW
TWD
TEL
TWJ
TWEU
TESL
EA (1)
(in thousands)
Regulatory Capital$33,566 $61,379 $22,784 $84,636 $7,932 $7,626 $1,760 $212,572 
Regulatory Capital Requirement3,424 2,931 652 36,136 1,184 3,272 1,272 78 
Excess Regulatory Capital$30,142 $58,448 $22,132 $48,500 $6,748 $4,354 $488 $212,494 
(1)In November 2022, EA merged with and into DW with DW being the surviving entity.
Schedule of Financial Resources and Liquid Financial Resources The required and maintained financial resources and liquid financial assets at December 31, 2022 and 2021 are as follows:
As of December 31, 2022As of December 31, 2021
TW SEF
DW SEF
TW SEF
DW SEF
(in thousands)
Financial Resources$30,837 $14,714 $30,063 $15,999 
Required Financial Resources12,500 8,080 11,000 6,770 
Excess Financial Resources$18,337 $6,634 $19,063 $9,229 
Liquid Financial Assets$15,566 $9,493 $15,283 $10,014 
Required Liquid Financial Assets3,125 2,020 2,750 1,693 
Excess Liquid Financial Assets$12,441 $7,473 $12,533 $8,321