Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

3 Months Ended

Mar. 31, 2022

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, 2022 and December 31, 2021, included (in thousands):

	March 31, 2022		December 31, 2021
Receivables from clearing organizations	$	403,608	$	278,482
Deposits paid for securities borrowed		234,927		260,586
Securities failed to deliver		44,140		35,188
	$	682,675	$	574,256

Amounts payable to brokers, dealers, and clearing organizations at March 31, 2022 and December 31, 2021, included (in thousands):

	March 31, 2022		December 31, 2021
Deposits received from securities loaned	$	372,936	$	149,219
Securities failed to receive		144,592		64,170
Payable to clearing organizations		79,600		44,340
	$	597,128	$	257,729

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.