Other assets

12 Months Ended

Dec. 31, 2020

Other Assets Abstract

Other assets

Note 13 − Other assets

The caption of other assets in the consolidated statements of financial condition consists of the following major categories:

(In thousands)	December 31, 2020		December 31, 2019
Net deferred tax assets (net of valuation allowance)	$	851,592	$	886,353
Investments under the equity method		250,467		237,081
Prepaid taxes		32,615		47,226
Other prepaid expenses		74,572		82,425
Derivative assets		20,785		17,966
Trades receivable from brokers and counterparties		65,429		47,049
Principal, interest and escrow servicing advances		65,671		77,800
Guaranteed mortgage loan claims receivable		80,477		108,946
Operating ROU assets (Note 32)		131,921		149,849
Finance ROU assets (Note 32)		15,464		12,888
Others		148,048		152,032
Total other assets	$	1,737,041	$	1,819,615

The Corporation enters in the ordinary course of business into technology hosting arrangements that are service contracts. These arrangements can include capitalizable implementation costs that are amortized during the term of the hosting arrangement. The Corporation recognizes capitalizable implementation costs related to hosting arrangements that are service contracts within Others in the table above. As of December 31, 2020, the total capitalized implementation costs amounted to $17.4 million with an accumulated amortization of $4.9 million for a net value of $12.5 million. Total amortization expense for all capitalized implementation costs of hosting arrangements that are service contracts for the year ended December 31, 2020 was $2.2 million.