10. |
REPURCHASE AGREEMENTS
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At
September 30, 2018, the Partnership pledged securities
with a carrying value of $231.6 million and cash to
collateralize its repurchase agreements. Such securities can be
repledged, delivered or otherwise used by the
counterparty.
At
December 31, 2017, the Partnership pledged securities
with a carrying value of $169.7 million and cash to
collateralize its repurchase agreements. Such securities can be
repledged, delivered or otherwise used by the
counterparty.
The following
tables provide information regarding the Partnership’s
Repurchase Agreements obligation by type of collateral
pledged:
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September 30,
2018 |
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Remaining Contractual
Maturity of the Agreements |
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Overnight and
Continuous |
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Up to 30
Days |
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30 - 90
Days |
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Greater than
90 days |
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Total |
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Repurchase
Agreements
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Asset-Backed
Securities
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$ |
— |
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|
$ |
56,636 |
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$ |
69,084 |
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|
$ |
73,768 |
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|
$ |
199,488 |
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Gross Amount of Recognized
Liabilities for Repurchase Agreements in Note 11. “Offsetting
of Assets and Liabilities”
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$ |
199,488 |
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Amounts Related to
Agreements Not Included in Offsetting Disclosure in Note 11.
“Offsetting of Assets and Liabilities”
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$ |
— |
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December 31,
2017 |
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Remaining Contractual
Maturity of the Agreements |
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|
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Overnight
and
Continuous |
|
|
Up to 30
Days |
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30 - 90
Days |
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Greater than
90 days |
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Total |
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Repurchase
Agreements
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Asset-Backed
Securities
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$ |
— |
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|
$ |
22,756 |
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$ |
96,084 |
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|
$ |
— |
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$ |
118,840 |
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Gross Amount of Recognized
Liabilities for Repurchase Agreements in Note 11. “Offsetting
of Assets and Liabilities”
|
|
|
$ |
118,840 |
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Amounts Related to
Agreements Not Included in Offsetting Disclosure in Note 11.
“Offsetting of Assets and Liabilities”
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$ |
— |
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