Receivables From And Payables To Brokers, Dealers And Clearing Organizations

12 Months Ended

Dec. 31, 2015

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

Receivables From And Payables To Brokers, Dealers And Clearing Organizations

NOTE 5 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at December 31, 2015 and 2014, included (in thousands):

	December 31,
	2015			2014
Deposits paid for securities borrowed	$	318,105	$	445,542
Receivables from clearing organizations		260,077		198,079
Securities failed to deliver		23,649		7,453
	$	601,831	$	651,074

Amounts payable to brokers, dealers, and clearing organizations at December 31, 2015 and 2014, included (in thousands):

	December 31,
	2015			2014
Deposits received from securities loaned	$	329,670	$	4,215
Payable to clearing organizations		92,008		2,443
Securities failed to receive		16,353		7,365
	$	438,031	$	14,023

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.