Secured Borrowings (Tables)

6 Months Ended

Jun. 30, 2012

Secured Borrowings

Schedule of secured borrowings

		June 30, 2012					December 31, 2011
(In thousands of dollars) Description	Current Year Expiration Date	Facility Limit			Outstanding Balance		Facility Limit			Outstanding Balance
Credit Facility No. 1	March 10, 2012	$	—		$	—	$	75,000		$	68,756
Credit Facility No. 2	September 11, 2012	75,000		(1)	21,854		75,000			49,704
Credit Facility No. 3	September 5, 2012	75,000		(1)	24,864		100,000			92,802
		$	150,000	(2)	$	46,718	$	250,000	(2)	$	211,262
Accelerated Purchase Facility	March 10, 2012	—			—		50,000			2,349
Total		$	150,000		$	46,718	$	300,000		$	213,611

(1)Effective July 31, 2012, the facility limit under each respective line was reduced to $45.0 million.

(2)Committed capacity under the facilities is $0 million and $100 million as of June 30, 2012 and December 31, 2011, respectively.  Effective July 31, 2012, the aggregate facility limit was $90.0 million.