Receivables From And Payables To Brokers, Dealers And Clearing Organizations

12 Months Ended

Dec. 31, 2017

Due To And From Broker Dealers And Clearing Organizations [Abstract]

Receivables From And Payables To Brokers, Dealers And Clearing Organizations

NOTE 4 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at December 31, 2017 and 2016, included (in thousands):

	December 31,
	2017			2016
Receivables from clearing organizations	$	270,285	$	568,373
Deposits paid for securities borrowed		132,776		382,691
Securities failed to deliver		56,046		73,688
	$	459,107	$	1,024,752

Amounts payable to brokers, dealers, and clearing organizations at December 31, 2017 and 2016, included (in thousands):

	December 31,
	2017			2016
Deposits received from securities loaned	$	219,782	$	478,814
Securities failed to receive		29,297		27,882
Payable to clearing organizations		27,223		16,411
	$	276,302	$	523,107

Deposits paid for securities borrowed approximate the market value of the securities. Securities failed to deliver and receive represent the contract value of securities that have not been delivered or received on settlement date.