Receivables From And Payables To Brokers, Dealers And Clearing Organizations

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and December 31, 2020, included (in thousands):

	March 31, 2021		December 31, 2020
Deposits paid for securities borrowed	$	285,662	$	313,131
Receivables from clearing organizations		242,807		229,070
Securities failed to deliver		33,963		7,291
	$	562,432	$	549,492

Amounts payable to brokers, dealers, and clearing organizations at March 31, 2021 and December 31, 2020, included (in thousands):

	March 31, 2021		December 31, 2020
Deposits received from securities loaned	$	231,700	$	145,124
Payable to clearing organizations		42,245		25,540
Securities failed to receive		34,992		7,273
	$	308,937	$	177,937

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.