Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Significant Accounting Policies Offsetting Assets and Liabilities (Tables)

v3.4.0.3
Basis of Presentation and Significant Accounting Policies Offsetting Assets and Liabilities (Tables)
3 Months Ended
Mar. 31, 2016
Offsetting [Abstract]  
Offsetting Assets and Liabilities [Table Text Block]
The following tables present information about the Company’s assets and liabilities that are subject to master netting arrangements or similar agreements and can potentially be offset on the Company’s condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015:
 
March 31, 2016
 
 
 
 
 
 
 
Gross Amounts Not Offset with Financial Assets (Liabilities) in the Condensed Consolidated Balance Sheets (1)
 
 
(in thousands)
Gross Amounts of Recognized Assets (Liabilities)
 
Gross Amounts Offset in the Condensed Consolidated Balance Sheets
 
Net Amounts of Assets (Liabilities) Presented in the Condensed Consolidated Balance Sheets
 
Financial Instruments
 
Cash Collateral (Received) Pledged
 
Net Amount
Assets
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
$
311,134

 
$
(113,287
)
 
$
197,847

 
$
(77,038
)
 
$

 
$
120,809

Total Assets
$
311,134

 
$
(113,287
)
 
$
197,847

 
$
(77,038
)
 
$

 
$
120,809

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Repurchase agreements
$
(6,189,852
)
 
$

 
$
(6,189,852
)
 
$
6,189,852

 
$

 
$

Derivative liabilities
(190,325
)
 
113,287

 
(77,038
)
 
77,038

 

 

Total Liabilities
$
(6,380,177
)
 
$
113,287

 
$
(6,266,890
)
 
$
6,266,890

 
$

 
$

 
December 31, 2015
 
 
 
 
 
 
 
Gross Amounts Not Offset with Financial Assets (Liabilities) in the Condensed Consolidated Balance Sheets (1)
 
 
(in thousands)
Gross Amounts of Recognized Assets (Liabilities)
 
Gross Amounts Offset in the Condensed Consolidated Balance Sheets
 
Net Amounts of Assets (Liabilities) Presented in the Condensed Consolidated Balance Sheets
 
Financial Instruments
 
Cash Collateral (Received) Pledged
 
Net Amount
Assets
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
$
325,755

 
$
(54,246
)
 
$
271,509

 
$
(7,285
)
 
$

 
$
264,224

Total Assets
$
325,755

 
$
(54,246
)
 
$
271,509

 
$
(7,285
)
 
$

 
$
264,224

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Repurchase agreements
$
(5,008,274
)
 
$

 
$
(5,008,274
)
 
$
5,008,274

 
$

 
$

Derivative liabilities
(61,531
)
 
54,246

 
(7,285
)
 
7,285

 

 

Total Liabilities
$
(5,069,805
)
 
$
54,246

 
$
(5,015,559
)
 
$
5,015,559

 
$

 
$

____________________
(1)
Amounts presented are limited in total to the net amount of assets or liabilities presented in the condensed consolidated balance sheets by instrument. Excess cash collateral or financial assets that are pledged to counterparties may exceed the financial liabilities subject to a master netting arrangement or similar agreement, or counterparties may have pledged excess cash collateral to the Company that exceed the corresponding financial assets. These excess amounts are excluded from the table above, although separately reported within restricted cash, due from counterparties, or due to counterparties in the Company’s condensed consolidated balance sheets.