Receivables From And Payables To Brokers, Dealers And Clearing Organizations

12 Months Ended

Dec. 31, 2016

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, 2016 and 2015, included (in thousands):

	December 31,
	2016			2015
Deposits paid for securities borrowed	$	382,691	$	318,105
Receivables from clearing organizations		568,373		260,077
Securities failed to deliver		73,688		23,649
	$	1,024,752	$	601,831

Amounts payable to brokers, dealers, and clearing organizations at December 31, 2016 and 2015, included (in thousands):

	December 31,
	2016			2015
Deposits received from securities loaned	$	478,814	$	329,670
Payable to clearing organizations		16,411		92,008
Securities failed to receive		27,882		16,353
	$	523,107	$	438,031

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.