Receivables From And Payables To Brokers, Dealers And Clearing Organizations

6 Months Ended

Jun. 30, 2017

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, 2017 and December 31, 2016, included (in thousands):

	June 30, 2017		December 31, 2016
Receivables from clearing organizations	$	153,241	$	568,373
Deposits paid for securities borrowed		145,285		382,691
Securities failed to deliver		60,234		73,688
	$	358,760	$	1,024,752

Amounts payable to brokers, dealers, and clearing organizations at June 30, 2017 and December 31, 2016, included (in thousands):

	June 30, 2017		December 31, 2016
Deposits received from securities loaned	$	352,127	$	478,814
Securities failed to receive		50,315		27,882
Payable to clearing organizations		30,901		16,411
	$	433,343	$	523,107

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.