Receivables From And Payables To Brokers, Dealers And Clearing Organizations

9 Months Ended

Sep. 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 September 30, 2019 and December 31, 2018, included (in thousands):

	September 30, 2019		December 31, 2018
Receivables from clearing organizations	$	350,730	$	320,277
Deposits paid for securities borrowed		214,100		109,795
Securities failed to deliver		107,727		85,502
	$	672,557	$	515,574

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

	September 30, 2019		December 31, 2018
Deposits received from securities loaned	$	516,941	$	392,163
Securities failed to receive		76,774		27,975
Payable to clearing organizations		20,073		12,161
	$	613,788	$	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.