Receivables From And Payables To Brokers, Dealers And Clearing Organizations

9 Months Ended

Sep. 30, 2018

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 September 30, 2018 and December 31, 2017, included (in thousands):

	September 30, 2018		December 31, 2017
Receivables from clearing organizations	$	440,154	$	270,285
Deposits paid for securities borrowed		170,165		132,776
Securities failed to deliver		35,801		56,046
	$	646,120	$	459,107

Amounts payable to brokers, dealers, and clearing organizations at September 30, 2018 and December 31, 2017, included (in thousands):

	September 30, 2018		December 31, 2017
Deposits received from securities loaned	$	691,150	$	219,782
Payable to clearing organizations		201,510		27,223
Securities failed to receive		35,472		29,297
	$	928,132	$	276,302

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.