Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 57

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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2024   Securities borrowed$64,004 $— $64,004 $64,004 $— Securities loaned$54,814 $— $54,814 $54,814 $— 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 September 30, 2024 and December 31, 2023: September 30, 2024December 31, 2023Remaining contractual maturityRemaining contractual maturityOvernight and continuousTotalOvernight and continuousTotalSecurities lending transactionsCorporate securities - fixed income$157 $157 $283,809 $283,809 Equity securities63,847 63,847 2,575,919 2,575,919 Non-US sovereign debt— — 11,211 11,211 Total borrowings$64,004 $64,004 $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.

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NOTE 7 — ACCOUNTS RECEIVABLE  

The components of accounts receivable, net, include the following: September 30,2024December 31,2023Accounts receivable$90,951 $95,102 Investment banking fees, commissions