Short-term bank loans

6 Months Ended

Jun. 30, 2012



10.	Short-term bank loans

At June 30, 2012 and December 31, 2011, the Company had $0 and $80,800, respectively in short-term bank loans outstanding with weighted average interest rates of approximately 0.0% and .8%, respectively. As of June 30, 2012, the Company no longer has any uncommitted line of credit. As of June 30, 2012, the Company's PFSC subsidiary had two uncommitted lines of credit with two financial institutions permitting PFSC to borrow up to an aggregate of approximately $184,879. Outstanding balances of $19,045 and $9,302, respectively are included in liabilities associated with assets held-for-sale in the unaudited interim condensed consolidated statements of financial condition as of June 30, 2012 and December 31, 2011. See Note 20. The fair value of short-term bank loans approximates their carrying values. The short-term bank loans do not contain any financial covenants.

- Definition

The entire disclosure for short-term debt.

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PENSON WORLDWIDE INC 10-Q/A