Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations

12 Months Ended

Dec. 31, 2021

Due to and from Broker-Dealers and Clearing Organizations [Abstract]

Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations

4. Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations

Amounts receivable from, payables to, and deposits with broker-dealers and clearing organizations consisted of the following as of the periods indicated:

	As of December 31, 2021		As of December 31, 2020
Receivables from and deposits with broker-dealers and clearing organizations
DTCC / OCC / NSCC	$	10,968,000	$	17,841,000
Goldman Sachs		335,000		2,430,000
Pershing Capital		1,193,000		1,266,000
NFS		974,000		1,061,000
Securities fail-to-deliver		174,000		379,000
Globalshares		55,000		46,000
Other receivables		27,000		—
Total Receivables from and deposits with broker-dealers and clearing organizations	$	13,726,000	$	23,023,000
Payables to broker-dealers and clearing organizations
Securities fail-to-receive	$	254,000	$	1,810,000
Total Payables to broker-dealers and clearing organizations	$	254,000	$	1,810,000

Siebert 2021 Form-10K 51

Under the Depository Trust and Clearing Corporation (“DTCC”) shareholders’ agreement, MSCO is required to participate in the DTCC common stock mandatory purchase. As of December 31, 2021 and 2020, MSCO had shares of DTCC common stock valued at approximately $905,000 and $937,000, respectively, which are included within the line item “Deposits with broker-dealers and clearing organizations” on the statements of financial condition.