Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash (Notes)

v2.4.0.6
Restricted Cash (Notes)
 9 Months Ended
Sep. 30, 2012
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 September 30, 2012 and December 31, 2011:
(in thousands)
September 30,
2012
 
December 31,
2011
Restricted cash balances held by trading counterparties:
 
 
 
For securities trading activity
$
9,000

 
$
9,000

For derivatives trading activity
182,826

 
62,784

As restricted collateral for repurchase agreements
14,018

 
94,803

 
205,844

 
166,587

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

 
—

Total
$
206,190

 
$
166,587