RESTRICTED CASH

As of September 30, 2017, 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 following table presents the Company's restricted cash balances as of September 30, 2017 and December 31, 2016:



	September 30, 2017		December 31, 2016
Restricted cash balance held by:
Broker counterparties for derivatives trading	$	5,647,225	$	(4,244,678	)
Repurchase counterparties as restricted collateral	9,790,116		10,355,222
Total	$	15,437,341	$	6,110,544