Receivables From And Payables To Brokers, Dealers And Clearing Organizations

9 Months Ended

Sep. 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 September 30, 2017 and December 31, 2016, included (in thousands):

	September 30, 2017		December 31, 2016
Deposits paid for securities borrowed	$	159,536	$	382,691
Receivables from clearing organizations		133,326		568,373
Securities failed to deliver		43,051		73,688
	$	335,913	$	1,024,752

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

	September 30, 2017		December 31, 2016
Deposits received from securities loaned	$	309,561	$	478,814
Payable to clearing organizations		64,116		16,411
Securities failed to receive		46,083		27,882
	$	419,760	$	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.