XML 129 R109.htm IDEA: XBRL DOCUMENT v3.4.0.3
FAIR VALUE (Details 5 - Quantitative Information) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Quantitative Information about Level 3 Assets & Liabilities      
Contingent Liabilities $ 8,142 $ 8,338  
Debt Instrument, Description of Variable Rate Basis LIBOR LIBOR  
Recurring basis      
Quantitative Information about Level 3 Assets & Liabilities      
Contingent Liabilities $ 8,142 $ 8,338  
Recurring basis | Level 3      
Quantitative Information about Level 3 Assets & Liabilities      
Contingent Liabilities $ 8,142 $ 8,338  
Projected Cash Flow Approach Valuation Technique [Member] | Recurring basis | Contingent Liabilities at Fair Value | Level 3      
Quantitative Information about Level 3 Assets & Liabilities      
Default rate (as a percent) [1] 2.00% 2.00% 2.00%
Recovery rate (as a percent) [1] 70.00% 70.00% 70.00%
Reinvestment price   100.00% 100.00%
Projected Cash Flow Approach Valuation Technique [Member] | Recurring basis | Contingent Liabilities at Fair Value | Level 3 | Minimum      
Quantitative Information about Level 3 Assets & Liabilities      
Discount rate (as a percent) [2] 8.10% 6.70% 1.20%
Pre-payment rate (as a percent) [1]   35.00% 35.00%
Reinvestment spread over LIBOR (as a percent) 3.30% 3.00% 3.00%
Projected Cash Flow Approach Valuation Technique [Member] | Recurring basis | Contingent Liabilities at Fair Value | Level 3 | Maximum [Member]      
Quantitative Information about Level 3 Assets & Liabilities      
Discount rate (as a percent) [2] 13.00% 12.00% 12.50%
Reinvestment spread over LIBOR (as a percent) 4.00% 3.80% 3.80%
Projected Cash Flow Approach Valuation Technique [Member] | Recurring basis | Contingent liabilities and the long-term debt of the Consolidated CLOs | Level 3      
Quantitative Information about Level 3 Assets & Liabilities      
Pre-payment rate (as a percent) [1] 25.00% 40.00% 40.00%
CIFC LLC      
Quantitative Information about Level 3 Assets & Liabilities      
Contingent Liabilities   $ 8,338 $ 12,668
CIFC LLC | Recurring basis      
Quantitative Information about Level 3 Assets & Liabilities      
Contingent Liabilities   8,338 12,668
CIFC LLC | Recurring basis | Level 3      
Quantitative Information about Level 3 Assets & Liabilities      
Contingent Liabilities   8,338 12,668
CIFC Corp      
Quantitative Information about Level 3 Assets & Liabilities      
Contingent Liabilities   8,338 12,668
CIFC Corp | Recurring basis      
Quantitative Information about Level 3 Assets & Liabilities      
Contingent Liabilities   8,338  
CIFC Corp | Recurring basis | Level 3      
Quantitative Information about Level 3 Assets & Liabilities      
Contingent Liabilities   $ 8,338 $ 12,668
[1] Generally an increase in the default rate would be accompanied by a directionally opposite change in assumption for the recovery and pre-payment rates.
[2] The discount rate varies by type of management fee (senior management fee, subordinated management fee, or incentive fee), the priority of that management fee in the waterfall of the CLO and the relative risk associated with the respective management fee cash flow projections. Amounts are presented as a spread over LIBOR.