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OFFSETTING ASSETS AND LIABILITIES
 3 Months Ended
Mar. 28, 2014
Text Block [Abstract]  
OFFSETTING ASSETS AND LIABILITIES

NOTE 8 – 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:

 

     Gross
amounts of
recognized
assets		      Gross
amounts
offset in the
Consolidated
Statements of
Financial
Condition		      Net amounts
presented in the
Consolidated
Statements of
Financial
Condition		      Gross amounts not offset
in the Consolidated
Statements of Financial
Condition		        
              Financial
instruments		      Securities
collateral(1)		     Net amount  

Mar 28, 2014

    $ 675         —           675         —           (675 )    $ —     

Dec 31, 2013

    $ 1,026         —           1,026         —           (1,026 )    $ —     

 

(1)  Actual collateral was greater than 102% of the related assets in U.S. agreements and greater than 100% in Canada agreements for all periods presented.