XML 53 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Disclosures About Offsetting Assets And Liabilities (Tables)
 6 Months Ended
Jun. 30, 2016
Offsetting [Abstract]  
Financial Assets And Derivative Assets That Are Subject to Offset

The following table provides information about financial assets and derivative assets that are subject to offset as of June 30, 2016 and December 31, 2015 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross amounts not offset

in the Statement of

Financial Condition

 

 

 

 

 

 

 

Gross

Amounts of

Recognized

Assets

 

 

Gross

Amounts

Offset in

the Statement

of Financial

Condition

 

 

Net

Amounts

Presented in

the Statement

of Financial

Condition

 

 

Amounts available for offset

 

 

Available collateral

 

 

Net

Amount

 

As of June 30, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities borrowing 1

 

$

379,244

 

 

$

—

 

 

$

379,244

 

 

$

(244,927

)

 

$

(123,975

)

 

$

10,342

 

Reverse repurchase agreements 2

 

 

293,766

 

 

 

—

 

 

 

293,766

 

 

 

(164,548

)

 

 

(129,218

)

 

 

—

 

 

 

$

673,010

 

 

$

—

 

 

$

673,010

 

 

$

(409,475

)

 

$

(253,193

)

 

$

10,342

 

As of December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities borrowing 1

 

$

318,105

 

 

$

—

 

 

$

318,105

 

 

$

(182,399

)

 

$

(123,309

)

 

$

12,397

 

Reverse repurchase agreements 2

 

 

160,423

 

 

 

—

 

 

 

160,423

 

 

 

(160,423

)

 

 

—

 

 

 

—

 

 

 

$

478,528

 

 

$

—

 

 

$

478,528

 

 

$

(342,822

)

 

$

(123,309

)

 

$

12,397

 

 

1

Securities borrowing transactions are included in receivables from brokers, dealers, and clearing organizations on the consolidated statements of financial condition. See Note 3 in the notes to consolidated financial statements for additional information on receivables from brokers, dealers, and clearing organizations.

2

Collateral received includes securities received by our company from the counterparty. These securities are not included on the consolidated statements of financial condition unless there is an event of default.
Financial Liabilities And Derivative Liabilities That Are Subject To Offset

The following table provides information about financial liabilities and derivative liabilities that are subject to offset as of June 30, 2016 and December 31, 2015 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross amounts not offset

in the Statement of

Financial Condition

 

 

 

 

 

 

 

Gross

Amounts of

Recognized

Liabilities

 

 

Gross

Amounts

Offset in

the Statement

of Financial

Condition

 

 

Net

Amounts

Presented in

the Statement

of Financial

Condition

 

 

Amounts available for offset

 

 

Collateral

Pledged

 

 

Net

Amount

 

As of June 30, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities lending 3

 

$

(357,207

)

 

$

—

 

 

$

(357,207

)

 

$

244,927

 

 

$

102,151

 

 

$

(10,129

)

Repurchase agreements 4

 

 

(317,002

)

 

 

—

 

 

 

(317,002

)

 

 

164,548

 

 

 

152,454

 

 

 

—

 

Cash flow interest rate contracts

 

 

(17,707

)

 

 

—

 

 

 

(17,707

)

 

 

—

 

 

 

17,707

 

 

 

—

 

 

 

$

(691,916

)

 

$

—

 

 

$

(691,916

)

 

$

409,475

 

 

$

272,312

 

 

$

(10,129

)

As of December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities lending 3

 

$

(329,670

)

 

$

—

 

 

$

(329,670

)

 

$

182,399

 

 

$

132,784

 

 

$

(14,487

)

Repurchase agreements 4

 

 

(278,674

)

 

 

—

 

 

 

(278,674

)

 

 

160,423

 

 

 

118,251

 

 

 

—

 

Cash flow interest rate contracts

 

 

(3,591

)

 

 

—

 

 

 

(3,591

)

 

 

—

 

 

 

3,591

 

 

 

—

 

 

 

$

(611,935

)

 

$

—

 

 

$

(611,935

)

 

$

342,822

 

 

$

254,626

 

 

$

(14,487

)

 

3

Securities lending transactions are included in payables to brokers, dealers, and clearing organizations on the consolidated statements of financial condition. See Note 3 in the notes to consolidated financial statements for additional information on payables to brokers, dealers, and clearing organizations.

4

Collateral pledged includes the fair value of securities pledged by our company to the counter party. These securities are included on the consolidated statements of financial condition unless we default.