OFFSETTING ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Assets Subject to Master Netting Arrangement

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


	December 31,		March 31,
(in millions)	2021		2022
Assets	Securities borrowed
Gross amount of securities borrowed	$	0.3	$	0.6
Gross amount offset on the unaudited condensed consolidated balance sheets	—		—
Amounts of assets presented on the unaudited condensed consolidated balance sheets(1)	0.3		0.6
Gross amount of securities borrowed not offset on the unaudited condensed consolidated balance sheets:
Securities borrowed	0.3		0.6
Security collateral received	(0.3)		(0.6)
Net amount	$	—	$	—

Liabilities	Securities loaned
Gross amount of securities loaned	$	3,651.0	$	2,150.9
Gross amount of securities loaned offset on the unaudited condensed consolidated balance sheets	—		—
Amounts of liabilities presented on the unaudited condensed consolidated balance sheets	3,651.0		2,150.9
Gross amount of securities loaned not offset on the unaudited condensed consolidated balance sheets:
Securities loaned	3,651.0		2,150.9
Security collateral pledged	(3,426.8)		(1,976.7)
Net amount	$	224.2	$	174.2

________________

(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,		March 31,
(in millions)	2021		2022
Assets	Securities borrowed
Gross amount of securities borrowed	$	0.3	$	0.6
Gross amount offset on the unaudited condensed consolidated balance sheets	—		—
Amounts of assets presented on the unaudited condensed consolidated balance sheets(1)	0.3		0.6
Gross amount of securities borrowed not offset on the unaudited condensed consolidated balance sheets:
Securities borrowed	0.3		0.6
Security collateral received	(0.3)		(0.6)
Net amount	$	—	$	—

Liabilities	Securities loaned
Gross amount of securities loaned	$	3,651.0	$	2,150.9
Gross amount of securities loaned offset on the unaudited condensed consolidated balance sheets	—		—
Amounts of liabilities presented on the unaudited condensed consolidated balance sheets	3,651.0		2,150.9
Gross amount of securities loaned not offset on the unaudited condensed consolidated balance sheets:
Securities loaned	3,651.0		2,150.9
Security collateral pledged	(3,426.8)		(1,976.7)
Net amount	$	224.2	$	174.2

________________

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