XML 35 R29.htm IDEA: XBRL DOCUMENT

Collateralized Transactions (Tables)

6 Months Ended

Jun. 30, 2014

Brokers and Dealers [Abstract]

Schedule of Gross Amounts and Offsetting Amounts of Reverse Repurchase Agreements, Repurchase Agreements, Securities Borrowed and Securities Lending Transactions

The following tables present the gross amounts and the offsetting amounts of reverse repurchase agreements, repurchase agreements, securities borrowed and securities loaned transactions as of June 30, 2014 and December 31, 2013:



As of June 30, 2014
(Expressed in thousands)
													Gross Amounts Not Offset on the Balance Sheet
	Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets Presented on the Balance Sheet				Financial Instruments				Cash Collateral Received				Net Amount
Reverse repurchase agreements	$	314,796			$	(64,796	)		$	250,000			$	(250,000	)		$	—			$	—
Securities borrowed ⁽¹⁾	245,206				—				245,206				(239,762		)		—				5,444
Total	$	560,002			$	(64,796	)		$	495,206			$	(489,762	)		$	—			$	5,444


(1)	Included in receivable from brokers, dealers and clearing organizations on the condensed consolidated balance sheet.



													Gross Amounts Not Offset on the Balance Sheet
	Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities Presented on the Balance Sheet				Financial Instruments				Cash Collateral Pledged				Net Amount
Repurchase agreements	$	881,402			$	(64,796	)		$	816,606			$	(811,335	)		$	—			$	5,271
Securities loaned ⁽²⁾	203,585				—				203,585				(196,335		)		—				7,250
Total	$	1,084,987			$	(64,796	)		$	1,020,191			$	(1,007,670	)		$	—			$	12,521


(2)	Included in payable to brokers, dealers and clearing organizations on the condensed consolidated balance sheet.



As of December 31, 2013
(Expressed in thousands)
													Gross Amounts Not Offset on the Balance Sheet
	Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets Presented on the Balance Sheet				Financial Instruments				Cash Collateral Received				Net Amount
Reverse repurchase agreements	$	389,439			$	(204,614	)		$	184,825			$	(183,305	)		$	—			$	1,520
Securities borrowed ⁽¹⁾	274,127				—				274,127				(265,936		)		—				8,191
Total	$	663,566			$	(204,614	)		$	458,952			$	(449,241	)		$	—			$	9,711


(1)	Included in receivable from brokers, dealers and clearing organizations on the condensed consolidated balance sheet.



													Gross Amounts Not Offset on the Balance Sheet
	Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities Presented on the Balance Sheet				Financial Instruments				Cash Collateral Pledged				Net Amount
Repurchase agreements	$	962,105			$	(204,614	)		$	757,491			$	(753,003	)		$	—			$	4,488
Securities loaned ⁽²⁾	211,621				—				211,621				(204,971		)		—				6,650
Total	$	1,173,726			$	(204,614	)		$	969,112			$	(957,974	)		$	—			$	11,138


(2)	Included in payable to brokers, dealers and clearing organizations on the condensed consolidated balance sheet.