Annual report pursuant to Section 13 and 15(d)

Restricted Cash (Notes)

v2.4.0.8
Restricted Cash (Notes)
12 Months Ended
Dec. 31, 2013
Restricted Cash [Abstract]  
Cash and Cash Equivalents Disclosure [Text Block]
Restricted Cash
The Company is required to maintain certain cash balances with counterparties for broker activity and collateral for the Company’s repurchase agreements in non-interest bearing accounts. The Company has also placed cash in a restricted account pursuant to a letter of credit on an office space lease.
The following table presents the Company’s restricted cash balances as of December 31, 2013 and December 31, 2012:
(in thousands)
December 31,
2013
 
December 31,
2012
Restricted cash balances held by trading counterparties:
 
 
 
For securities trading activity
$
9,000

 
$
9,000

For derivatives trading activity
191,107

 
208,669

As restricted collateral for repurchase agreements
201,194

 
84,307

 
401,301

 
301,976

Restricted cash balance pursuant to letter of credit on office lease
346

 
346

Total
$
401,647

 
$
302,322