Receivables From And Payables To Brokers, Dealers And Clearing Organizations

6 Months Ended

Jun. 30, 2020

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, 2020 and December 31, 2019, included (in thousands):

	June 30, 2020		December 31, 2019
Receivables from clearing organizations	$	361,708	$	471,122
Deposits paid for securities borrowed		177,470		135,373
Securities failed to deliver		44,280		21,295
	$	583,458	$	627,790

Amounts payable to brokers, dealers, and clearing organizations at June 30, 2020 and December 31, 2019, included (in thousands):

	June 30, 2020		December 31, 2019
Deposits received from securities loaned	$	128,200	$	608,333
Securities failed to receive		94,108		78,702
Payable to clearing organizations		76,603		25,256
	$	298,911	$	712,291

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.