Receivables From And Payables To Brokers, Dealers And Clearing Organizations

9 Months Ended

Sep. 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 September 30, 2020 and December 31, 2019, included (in thousands):

	September 30, 2020		December 31, 2019
Receivables from clearing organizations	$	208,361	$	471,122
Deposits paid for securities borrowed		178,517		135,373
Securities failed to deliver		57,807		21,295
	$	444,685	$	627,790

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

	September 30, 2020		December 31, 2019
Deposits received from securities loaned	$	87,352	$	608,333
Securities failed to receive		52,322		25,256
Payable to clearing organizations		17,679		78,702
	$	157,353	$	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.