Receivables From And Payables To Brokers, Dealers And Clearing Organizations

6 Months Ended

Jun. 30, 2019

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 June 30, 2019 and December 31, 2018, included (in thousands):

	June 30, 2019		December 31, 2018
Receivables from clearing organizations	$	579,892	$	320,277
Deposits paid for securities borrowed		146,245		109,795
Securities failed to deliver		40,207		85,502
	$	766,344	$	515,574

Amounts payable to brokers, dealers, and clearing organizations at June 30, 2019 and December 31, 2018, included (in thousands):

	June 30, 2019		December 31, 2018
Deposits received from securities loaned	$	492,249	$	392,163
Securities failed to receive		77,444		27,975
Payable to clearing organizations		57,487		12,161
	$	627,180	$	432,299

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.