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RESALE AND REPURCHASE AGREEMENTS (Tables)
 6 Months Ended
Jun. 30, 2015
RESALE AND REPURCHASE AGREEMENTS  
Schedule of balance sheet offsetting for resale agreements and repurchase agreements
($ in thousands)
As of June 30, 2015
Gross Amounts
of Recognized
Assets
Gross Amounts
Offset on the
Consolidated
Balance Sheet
Net Amounts of Assets Presented
on the
Consolidated Balance Sheet
Gross Amounts Not Offset on the
Consolidated Balance Sheet
Assets
Financial
Instruments
Collateral
Received
Net Amount
Resale agreements
$
1,595,000

$
(495,000
)
$
1,100,000

$
—

$
(1,093,636
)
(1) 
$
6,364

 
 
Gross Amounts
of Recognized
Liabilities
Gross Amounts
Offset on the
Consolidated
Balance Sheet
Net Amounts of Liabilities Presented
on the
Consolidated Balance Sheet
Gross Amounts Not Offset on the
Consolidated Balance Sheet
Liabilities
Financial
Instruments
Collateral 
Posted
Net Amount
Repurchase agreements
$
895,000

$
(495,000
)
$
400,000

$
—

$
(400,000
)
(2) 
$
—

($ in thousands)
As of December 31, 2014
Gross Amounts
of Recognized
Assets
Gross Amounts
Offset on the
Consolidated
Balance Sheet
Net Amounts of Assets Presented
on the
Consolidated Balance Sheet
Gross Amounts Not Offset on the
Consolidated Balance Sheet
Assets
Financial
Instruments
Collateral
Received
Net Amount
Resale agreements
$
1,425,000

$
(200,000
)
$
1,225,000

$
(425,000
)
(3) 
$
(797,172
)
(1) 
$
2,828

 
 
Gross Amounts
of Recognized
Liabilities
Gross Amounts
Offset on the
Consolidated
Balance Sheet
Net Amounts of Liabilities Presented
on the
Consolidated Balance Sheet
Gross Amounts Not Offset on the
Consolidated Balance Sheet
Liabilities
Financial
Instruments
Collateral 
Posted
Net Amount
Repurchase agreements
$
995,000

$
(200,000
)
$
795,000

$
(425,000
)
(3) 
$
(370,000
)
(2) 
$
—

(1)
Represents the fair value of securities the Company has received under resale agreements, limited for table presentation purposes to the amount of the recognized asset due from each counterparty.
(2)
Represents the fair value of securities the Company has pledged under repurchase agreements, limited for table presentation purposes to the amount of the recognized liability owed to each counterparty.
(3)
Includes financial instruments subject to enforceable master netting arrangements that are not permitted to be offset under ASC 210-20-45 but would be eligible for offsetting to the extent an event of default has occurred.