VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings (Tables)

3 Months Ended

Mar. 31, 2014

VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings

Schedule of VIE borrowings under revolving credit facilities and other similar borrowings

		March 31,		December 31,
	Entity	2014		2013
	(Dollars in thousands)
$100 million variable funding note facility with interest payable monthly at 9.0%, collateralized by JGW-S III’s structured settlements receivables, 2-year revolving period with 18 months amortization period thereafter upon notice by the issuer or the note holder with all principal and interest outstanding payable no later than October 15, 2048. JGW-S III is charged monthly an unused fee of 1.00% per annum for the undrawn balance of its line of credit.	JGW-S III	$	14,048	$	7,535
$50 million credit facility, interest payable monthly at the rate of LIBOR plus an applicable margin (3.40% at March 31, 2014 and 3.42% at December 31, 2013) maturing on April 2, 2017, collateralized by JGW IV’s structured settlements and annuity receivables. JGW IV, LLC is charged monthly an unused fee of 0.50% per annum for the undrawn balance of its line of credit.	JGW IV	—		—
$300 million multi-tranche and lender credit facility with interest payable monthly. The Facility was revised on July 24, 2013 as follows: Tranche A rate comprises 3.0% and either the LIBOR or the Commercial Paper rate depending on the lender (3.15% and 3.26% at March 31, 2014 and 3.17% and 3.29% at December 31, 2013). Tranche B rate is 5.5% plus LIBOR (5.65% at March 31, 2014, 5.67% at December 31, 2013). The facility matures on July 24, 2016 and is collateralized by JGW V’s structured settlements, annuity and lottery receivables. JGW V, LLC is charged monthly an unused fee of 0.625% per annum for the undrawn balance of its line of credit.	JGW V	8,298		10,985
$300 million credit facility, interest payable monthly at 2.75% plus an applicable margin (2.93% at March 31, 2014 and 2.95% at December 31, 2013), maturing on November 15, 2016, collateralized by JGW VII’s structured settlements, annuity and lottery receivables. JGW VII, LLC is charged monthly an unused fee of 0.50% per annum for the undrawn balance of its line of credit.	JGW VII	14,929		5,769
$35 million multi class credit facility with interest payable monthly as follows: Class A rate comprises the lender’s “prime rate” plus 1.00%, subject to a floor of 4.50% (4.50% at March 31, 2014 and December 31, 2013). Class B rate comprises the Class A rate plus 1.00% (5.50% at March 31, 2014). The facility matures December 31, 2014 and is collateralized by certain pre-settlement receivables. Peach One is charged monthly an unused fee of 0.50% per annum for the undrawn balance of its line of credit.	Peach One	18,244		16,985
Total VIE borrowings under revolving credit facilities and other similar borrowings		$	55,519	$	41,274