Receivables From And Payables To Brokers, Dealers And Clearing Organizations

9 Months Ended

Sep. 30, 2013

Receivables From And Payables To Brokers, Dealers And Clearing Organizations [Abstract]

Receivables From And Payables To Brokers, Dealers And Clearing Organizations

NOTE 5 – Receivables From and Payables to Brokers, Dealers and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at September 30, 2013 and December 31, 2012, included (in thousands):

	September 30, 2013		December 31, 2012
Deposits paid for securities borrowed	$	331,784	$	153,819
Receivable from clearing organizations		206,321		115,996
Securities failed to deliver		9,531		6,409
	$	547,636	$	276,224

Amounts payable to brokers, dealers, and clearing organizations at September 30, 2013 and December 31, 2012, included (in thousands):

	September 30, 2013		December 31, 2012
Deposits received from securities loaned	$	169,283	$	19,218
Securities failed to receive		13,363		4,747
Payable to clearing organizations		23,112		9,246
	$	205,758	$	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.