Receivables From And Payables To Brokers, Dealers And Clearing Organizations

12 Months Ended

Dec. 31, 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 December 31, 2013 and 2012, included (in thousands):

	December 31, 2013		December 31, 2012
Deposits paid for securities borrowed	$	227,640	$	153,819
Receivable from clearing organizations		125,538		115,996
Securities failed to deliver		27,944		6,409
	$	381,122	$	276,224

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

	December 31, 2013		December 31, 2012
Deposits received from securities loaned	$	40,101	$	19,218
Securities failed to receive		10,623		4,747
Payable to clearing organizations		7,411		9,246
	$	58,135	$	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.