Receivables From And Payables To Brokers, Dealers And Clearing Organizations

9 Months Ended

Sep. 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 September 30, 2016 and December 31, 2015, included (in thousands):

	September 30, 2016		December 31, 2015
Deposits paid for securities borrowed	$	428,274	$	318,105
Securities failed to deliver		60,777		23,649
Receivables from clearing organizations		59,419		260,077
	$	548,470	$	601,831

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

	September 30, 2016		December 31, 2015
Deposits received from securities loaned	$	398,741	$	329,670
Payable to clearing organizations		36,317		92,008
Securities failed to receive		29,559		16,353
	$	464,617	$	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.