Offsetting Assets and Liabilities

12 Months Ended

Dec. 31, 2021

Offsetting [Abstract]

Offsetting Assets and Liabilities

NOTE 17 – OFFSETTING ASSETS AND LIABILITIES

The Partnership does not offset financial instruments in the Consolidated Statements of Financial Condition. However, the Partnership enters into master netting arrangements with counterparties for securities purchased under agreements to resell that are subject to net settlement in the event of default. These agreements create a right of offset for the amounts due to and due from the same counterparty in the event of default or bankruptcy.

The following table shows the Partnership's securities purchased under agreements to resell as of December 31:

			Gross amounts	Net amounts		Gross amounts not offset
			offset in the	presented in the		in the Consolidated
	Gross		Consolidated	Consolidated		Statements of Financial
	amounts of		Statements of	Statements of		Condition
	recognized		Financial	Financial		Financial	Securities
	assets		Condition	Condition		instruments	collateral			Net amount
2021	$	1,529	—		1,529	—		(1,526	)	$	3
2020	$	1,714	—		1,714	—		(1,714	)	$	—