Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 333

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 333
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— $733,552 $733,552 $— As of December 31, 2023Securities borrowed$2,870,939 $— $2,870,939 $2,870,939 $— Securities loaned$2,859,306 $— $2,859,306 $2,859,306 $— _________________________(1)Includes financial instruments subject to enforceable master netting provisions that are permitted to be offset to the extent an event of default has occurred.(2)Includes the amount of cash collateral held/posted.The following table presents the contract value of securities lending transactions accounted for as secured borrowings by the type of collateral provided to counterparties as of June 30, 2024 and December 31, 2023: June 30, 2024December 31, 2023Remaining contractual maturityRemaining contractual maturityOvernight and continuousTotalOvernight and continuousTotalSecurities lending transactionsCorporate securities - fixed income$37,308 $37,308 $283,809 $283,809 Equity securities705,354 705,354 2,575,919 2,575,919 Non-US sovereign debt278 278 11,211 11,211 Total borrowings$742,940 $742,940 $2,870,939 $2,870,939 The Company's securities lending transactions require us to pledge collateral based on the terms of each contract which is generally denominated in U.S. dollars and marked to market on a daily basis. If the fair value of the collateral pledged for these transactions declines, the Company could be required to provide additional collateral to the counterparty, therefore decreasing the amount of assets available for other liquidity needs that may arise. The Company's liquidity risk is mitigated by maintaining offsetting securities borrowed transactions in which the Company receives cash from the counterparty which, in general, is equal to or greater than the cash the Company posts on securities lending transactions.

33

NOTE 6 — ACCOUNTS RECEIVABLE  

The components of accounts receivable, net, include the following: June 30,2024December 31,2023Accounts receivable$110,650 $109,725 Investment banking fees, commissions and other receivables12,284 13,110 Total accounts receivable122,934 122,835 Allowance for credit losses(7,253