XML 42 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Receivables and Payables (Tables)
9 Months Ended
Sep. 30, 2017
Receivables and Payables  
Summary of receivables from and payables to, brokers, dealers and clearing organizations

 

The following is a summary of receivables from, and payables to, brokers, dealers and clearing organizations (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivables from

 

Payables to

 

 

 

September 30, 

 

December 31, 

 

September 30, 

 

December 31, 

 

 

    

2017

    

2016

    

2017

    

2016

 

Broker-dealers

 

$

177,925

 

$

147,116

 

$

78,059

 

$

56,894

 

Clearing organizations

 

 

12,060

 

 

5,117

 

 

7,542

 

 

8,096

 

Securities borrowed*

 

 

18,458

 

 

374

 

 

 —

 

 

 —

 

Securities loaned

 

 

 —

 

 

 —

 

 

21,027

 

 

35,198

 

Allowance for doubtful accounts

 

 

(845)

 

 

(313)

 

 

 —

 

 

 —

 

Total

 

$

207,598

 

$

152,294

 

$

106,628

 

$

100,188

 


*

See Securities Borrowed and Loaned below.

 

Summary of receivables from and payables to customers

 

The following is a summary of receivables from, and payables to, customers (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivables from

 

Payables to

 

 

 

September 30, 

 

December 31, 

 

September 30, 

 

December 31, 

 

 

    

2017

    

2016

    

2017

    

2016

 

Customers

 

$

94,289

 

$

55,006

 

$

44,125

 

$

12,272

 

Allowance for doubtful accounts

 

 

(464)

 

 

(520)

 

 

 —

 

 

 —

 

Net

 

$

93,825

 

$

54,486

 

$

44,125

 

$

12,272

 

 

Schedule of interest earned and interest incurred on securities borrowed and loaned

 

 

 

 

 

 

 

 

 

    

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

 

 

2016

 

2016

 

Interest earned

 

$

 3

 

$

1,961

 

Interest incurred

 

 

(3)

 

 

(1,132)

 

Net

 

$

 —

 

$

829

 

 

Summary of the transactions under certain Master Securities Lending Agreements that may be eligible for offsetting if an event of default occurred and a right of offset was legally enforceable

 

The following table summarizes the transactions under certain Master Securities Lending Agreements that may be eligible for offsetting if an event of default occurred and a right of offset was legally enforceable (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross Amounts

    

Net Amounts

    

Collateral

    

 

 

 

 

 

 

 

 

Offset in the

 

Presented in the

 

Received or

 

 

 

 

 

 

Gross Amounts of

 

Consolidated

 

Consolidated

 

Pledged

 

 

 

 

 

 

Recognized Assets/

 

Statement of

 

Statement of

 

(including

 

Net

 

 

 

(Liabilities)

 

Financial Condition

 

Financial Condition

 

 Cash)

 

Amount

 

As of September 30, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits paid for securities borrowed

 

$

18,458

 

$

 —

 

$

18,458

 

$

18,458

 

$

 —

 

Deposits received for securities loaned

 

 

(21,027)

 

 

 —

 

 

(21,027)

 

 

(20,862)

 

 

(165)

 

As of December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits paid for securities borrowed

 

$

374

 

$

 —

 

$

374

 

$

374

 

$

 —

 

Deposits received for securities loaned

 

 

(35,198)

 

 

 —

 

 

(35,198)

 

 

(34,245)

 

 

(953)