NDAQ » Topics » Note 15. Collateral Arrangements

These excerpts taken from the NDAQ 8-K filed Jan 27, 2006.

Note 13. Collateral Arrangements

 

As of September, 2005 and December 31, 2004, the fair value of collateral held by the Company that could be sold or repledged totaled $201,607 and $185,511, respectively. Such collateral is generally obtained under resale and securities borrowing agreements. Of this collateral, $199,446 and $179,853 had been sold or repledged as of September 30, 2005 and December 31, 2004, respectively, generally to cover short sales or effect deliveries of securities.

 

Note 15. Collateral Arrangements

 

As of December 31, 2004 and December 31, 2003, the fair value of collateral held by the Company that could be sold or repledged totaled $170,973 and $283,532, respectively. Such collateral is generally obtained under resale and securities borrowing agreements. Of this collateral, $166,318 and $275,828 had been sold or repledged as of December 31, 2004 and December 31, 2003, respectively, generally to cover short sales or effect deliveries of securities.

 

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Jan 27, 2006
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