Receivables From And Payables To Brokers, Dealers And Clearing Organizations

3 Months Ended

Mar. 31, 2015

Receivables From And Payables To Brokers, 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 March 31, 2015 and December 31, 2014, included (in thousands):

	March 31, 2015		December 31, 2014
Deposits paid for securities borrowed	$	329,638	$	445,542
Receivable from clearing organizations		116,678		198,079
Securities failed to deliver		4,344		7,453
	$	450,660	$	651,074

Amounts payable to brokers, dealers, and clearing organizations at March 31, 2015 and December 31, 2014, included (in thousands):

	March 31, 2015		December 31, 2014
Deposits received from securities loaned	$	4,805	$	4,215
Payable to clearing organizations		4,736		2,443
Securities failed to receive		3,300		7,365
	$	12,841	$	14,023

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.