Receivables From and Payables to Brokers, Dealers and Clearing Organizations

6 Months Ended

Jun. 30, 2023

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

Receivables From and Payables to Brokers, Dealers and Clearing Organizations

NOTE 3 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at June 30, 2023 and December 31, 2022, included (in thousands):

	June 30, 2023		December 31, 2022
Deposits paid for securities borrowed	$	191,413	$	219,052
Receivables from clearing organizations		81,997		186,800
Securities failed to deliver		31,023		12,239
	$	304,433	$	418,091

Amounts payable to brokers, dealers, and clearing organizations at June 30, 2023 and December 31, 2022, included (in thousands):

	June 30, 2023		December 31, 2022
Deposits received from securities loaned	$	110,175	$	68,105
Securities failed to receive		65,279		12,385
Payable to clearing organizations		13,427		14,464
	$	188,881	$	94,954

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.