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REVERSE REPURCHASE AND REPURCHASE AGREEMENTS
 9 Months Ended
Sep. 30, 2017
REVERSE REPURCHASE AND REPURCHASE AGREEMENTS
10. REVERSE REPURCHASE AND REPURCHASE AGREEMENTS

At September 30, 2017, the Partnership pledged securities with a carrying value of $105.6 million and cash to collateralize its repurchase agreements. Such securities can be repledged, delivered or otherwise used by the counterparty.

At December 31, 2016, the Partnership received securities, primarily U.S. and non-U.S. government and agency securities, asset-backed securities and corporate debt, with a fair value of $117.8 million as collateral for reverse repurchase agreements that could be repledged, delivered or otherwise used. Securities with a fair value of $68.8 million and cash were used to cover Securities Sold, Not Yet Purchased. The Partnership also pledged securities with a carrying value of $119.1 million and cash to collateralize its repurchase agreements. Such securities can be repledged, delivered or otherwise used by the counterparty.

The following tables provide information regarding the Partnership’s Repurchase Agreements obligation by type of collateral pledged:

 

     September 30, 2017  
     Remaining Contractual Maturity of the Agreements  
     Overnight and
Continuous		      Up to 30
Days		      30 - 90
Days		      Greater than
90 days		      Total  

Repurchase Agreements

               

Asset-Backed Securities

    $ —        $ 12,033      $ 31,834      $ 30,861      $ 74,728  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities”

 

    $ 74,728  
        

 

 

  

Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 11. “Offsetting of Assets and Liabilities”

 

    $ —    
              

 

 

  

 

     December 31, 2016  
     Remaining Contractual Maturity of the Agreements  
     Overnight and
Continuous		      Up to 30
Days		      30 - 90
Days		      Greater than
90 days		      Total  

Repurchase Agreements

               

U.S. Treasury and Agency Securities

    $ 7,034      $ —        $ —        $ —        $ 7,034  

Asset-Backed Securities

      —          12,805        30,796        24,689        68,290  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   $ 7,034      $ 12,805      $ 30,796      $ 24,689      $ 75,324  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities”

 

    $ 75,324  
        

 

 

  

Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 11. “Offsetting of Assets and Liabilities”

 

    $ —