Offsetting assets and liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Offsetting assets and liabilities

Schedule of effect of offsetting recognized assets and liabilities

							Gross amounts not offset in the Consolidated Balance Sheets(1)
(in thousands)	Gross amounts of recognized Assets / Liabilities		Gross amounts offset in the Consolidated Balance Sheets		Amounts presented in the Consolidated Balance Sheets		Financial Instruments		Cash Collateral Received / Paid
June 30, 2020
Assets
Derivative instruments - Credit default swaps	$	—	$	—	$	—	$	—	$	—
Derivative instruments - FX forwards		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—
Liabilities
Derivative instruments - Interest rate swaps	$	17,458	$	8,751	$	8,707	$	—	$	11,533
Derivative instruments - Credit default swaps		50		—		50		—		—
Derivative instruments - FX forwards		348		—		348		—		—
Secured borrowings		1,253,895		—		1,253,895		1,253,895		—
Total	$	1,271,751	$	8,751	$	1,263,000	$	1,253,895	$	11,533
December 31, 2019
Assets
Derivative instruments - Interest rate swaps	$	2,814	$	—	$	2,814	$	—	$	2,814
Total	$	2,814	$	—	$	2,814	$	—	$	2,814
Liabilities
Derivative instruments - Interest rate swaps	$	4,890	$	—	$	4,890	$	—	$	4,890
Derivative instruments - Credit default swaps		110		—		110		—		110
Derivative instruments - FX forwards		250		—		250		—		250
Secured borrowings		1,189,392		—		1,189,392		1,189,392		—
Total	$	1,194,642	$	—	$	1,194,642	$	1,189,392	$	5,250

(1) Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, there is excess cash collateral or financial assets we have pledged to a counterparty that exceed the financial liabilities subject to a master netting repurchase arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, any of these excess amounts are excluded from the table although they are separately reported in our unaudited interim consolidated balance sheets as assets or liabilities, respectively.