Receivables From And Payables To Brokers, Dealers And Clearing Organizations

12 Months Ended

Dec. 31, 2020

Due To And From Broker Dealers And Clearing Organizations [Abstract]

Receivables From And Payables To Brokers, Dealers And Clearing Organizations

NOTE 4 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at December 31, 2020 and 2019, included (in thousands):

	December 31,
	2020			2019
Deposits paid for securities borrowed	$	313,131	$	135,373
Receivables from clearing organizations		229,070		471,122
Securities failed to deliver		7,291		21,295
	$	549,492	$	627,790

Amounts payable to brokers, dealers, and clearing organizations at December 31, 2020 and 2019, included (in thousands):

	December 31,
	2020			2019
Deposits received from securities loaned	$	145,124	$	608,333
Payable to clearing organizations		25,540		78,702
Securities failed to receive		7,273		25,256
	$	177,937	$	712,291

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.