Receivables From And Payables To Brokers, Dealers And Clearing Organizations

9 Months Ended

Sep. 30, 2015

Due To And From Broker 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, 2015 and December 31, 2014, included (in thousands):

	September 30, 2015		December 31, 2014
Deposits paid for securities borrowed	$	333,348	$	445,542
Receivables from clearing organizations		295,856		198,079
Securities failed to deliver		22,070		7,453
	$	651,274	$	651,074

Amounts payable to brokers, dealers, and clearing organizations at September 30, 2015 and December 31, 2014, included (in thousands):

	September 30, 2015		December 31, 2014
Deposits received from securities loaned	$	47,495	$	4,215
Payable to clearing organizations		31,136		2,443
Securities failed to receive		28,172		7,365
	$	106,803	$	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.