Receivables From And Payables To Brokers, Dealers And Clearing Organizations

6 Months Ended

Jun. 30, 2016

Due To And From Broker 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 June 30, 2016 and December 31, 2015, included (in thousands):

	June 30, 2016		December 31, 2015
Deposits paid for securities borrowed	$	379,244	$	318,105
Receivables from clearing organizations		78,635		260,077
Securities failed to deliver		75,385		23,649
	$	533,264	$	601,831

Amounts payable to brokers, dealers, and clearing organizations at June 30, 2016 and December 31, 2015, included (in thousands):

	June 30, 2016		December 31, 2015
Deposits received from securities loaned	$	357,207	$	329,670
Securities failed to receive		35,718		16,353
Payable to clearing organizations		48,014		92,008
	$	440,939	$	438,031

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.