Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations

3 Months Ended

Mar. 31, 2022

Due to and from Broker-Dealers and Clearing Organizations [Abstract]

Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations

4. Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations

Amounts receivable from, payables to, and deposits with broker-dealers and clearing organizations consisted of the following as of the periods indicated:

	As of March 31, 2022		As of December 31, 2021
Receivables from and deposits with broker-dealers and clearing organizations
DTCC / OCC / NSCC ⁽¹⁾	$	15,974,000	$	10,968,000
Goldman Sachs & Co. LLC ("GSCO")		267,000		335,000
Pershing Capital		1,191,000		1,193,000
National Financial Services, LLC (“NFS”)		1,113,000		974,000
Securities fail-to-deliver		89,000		174,000
Globalshares		32,000		55,000
Other receivables		4,000		27,000
Total Receivables from and deposits with broker-dealers and clearing organizations	$	18,670,000	$	13,726,000

Payables to broker-dealers and clearing organizations
Securities fail-to-receive	$	447,000	$	254,000
Payables to broker-dealers		354,000		—
Total Payables to broker-dealers and clearing organizations	$	801,000	$	254,000

⁽¹⁾ Depository Trust & Clearing Corporation is referred to as (“DTCC”), Options Clearing Corporation is referred to as (“OCC”), and National Securities Clearing Corporation is referred to as (“NSCC”).

Under the DTCC shareholders’ agreement, MSCO is required to participate in the DTCC common stock mandatory purchase. As of March 31, 2022 and December 31, 2021, MSCO had shares of DTCC common stock valued at approximately $1,054,000 and $905,000, respectively, which are included within the line item “Deposits with broker-dealers and clearing organizations” on the statements of financial condition.