Securities Loaned

3 Months Ended

Mar. 31, 2018

Investments Debt And Equity Securities [Abstract]

Securities Loaned

(18) Securities Loaned

As of March 31, 2018 and December 31, 2017, Newmark had securities loaned transactions with Cantor of $8.6 million and $57.6 million, respectively. The market value of the securities lent was $8.6 million and $57.6 million as of March 31, 2018 and December 31, 2017, respectively. As of March 31, 2018, the cash collateral received from Cantor bore an interest rate of 2.18%. As of December 31, 2017, the cash collateral received from Cantor bore interest rates ranging from 3.1% to 3.25%. Securities loaned transactions are included in “Securities loaned” in Newmark’s unaudited condensed consolidated balance sheets.