OFFSETTING ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2021

Offsetting [Abstract]

SCHEDULE OF ASSETS SUBJECT TO MASTER NETTING ARRANGEMENT

Our assets and liabilities subject to master netting arrangements are as follows:

	December 31,		September 30,
(in thousands)	2020		2021
Assets	Securities borrowed
Gross amount of securities borrowed	$	372	$	879
Gross amount offset on the unaudited condensed consolidated balance sheets	—		—
Amounts of assets presented on the unaudited condensed consolidated balance sheets(1)	372		879
Gross amount of securities borrowed not offset on the unaudited condensed consolidated balance sheets:
Securities borrowed	372		879
Security collateral received	(361)		(816)
Net amount	$	11	$	63
Liabilities	Securities loaned
Gross amount of securities loaned	$	1,921,118	$	3,129,650
Gross amount of securities loaned offset on the unaudited condensed consolidated balance sheets	—		—
Amounts of liabilities presented on the unaudited condensed consolidated balance sheets	1,921,118		3,129,650
Gross amount of securities loaned not offset on the unaudited condensed consolidated balance sheets:
Securities loaned	1,921,118		3,129,650
Security collateral pledged	(1,787,819)		(3,017,536)
Net amount	$	133,299	$	112,114

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(1)Securities borrowed are included in receivables from brokers, dealers and clearing organizations on the unaudited condensed consolidated balance sheets.

SCHEDULE OF LIABILITIES SUBJECT TO MASTER NETTING ARRANGEMENT

Our assets and liabilities subject to master netting arrangements are as follows:

	December 31,		September 30,
(in thousands)	2020		2021
Assets	Securities borrowed
Gross amount of securities borrowed	$	372	$	879
Gross amount offset on the unaudited condensed consolidated balance sheets	—		—
Amounts of assets presented on the unaudited condensed consolidated balance sheets(1)	372		879
Gross amount of securities borrowed not offset on the unaudited condensed consolidated balance sheets:
Securities borrowed	372		879
Security collateral received	(361)		(816)
Net amount	$	11	$	63
Liabilities	Securities loaned
Gross amount of securities loaned	$	1,921,118	$	3,129,650
Gross amount of securities loaned offset on the unaudited condensed consolidated balance sheets	—		—
Amounts of liabilities presented on the unaudited condensed consolidated balance sheets	1,921,118		3,129,650
Gross amount of securities loaned not offset on the unaudited condensed consolidated balance sheets:
Securities loaned	1,921,118		3,129,650
Security collateral pledged	(1,787,819)		(3,017,536)
Net amount	$	133,299	$	112,114

________________

(1)Securities borrowed are included in receivables from brokers, dealers and clearing organizations on the unaudited condensed consolidated balance sheets.