Receivables From And Payables To Brokers, Dealers And Clearing Organizations

3 Months Ended

Mar. 31, 2013

Receivables From And Payables To Brokers, 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 March 31, 2013 and December 31, 2012, included (in thousands):

	March 31, 2013		December 31, 2012
Deposits paid for securities borrowed	$	333,371	$	153,819
Receivable from clearing organizations		179,442		115,996
Securities failed to deliver		15,374		6,409
	$	528,187	$	276,224

Amounts payable to brokers, dealers, and clearing organizations at March 31, 2013 and December 31, 2012, included (in thousands):

	March 31, 2013		December 31, 2012
Deposits received from securities loaned	$	65,955	$	19,218
Securities failed to receive		29,600		4,747
Payable to clearing organizations		14,392		9,246
	$	109,947	$	33,211

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.