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Derivative Instruments (Details Textual) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Derivative Instruments (Textual) [Abstract]          
Value of right to reclaim cash collateral and posted margin recorded in Other assets $ 28,455   $ 28,455   $ 47,421
Value of obligation to return cash collateral, recorded in Other liabilities 0   0   0
Number of outstanding credit derivative transactions include ratings based collateral-posting triggers     None of our outstanding credit derivative transactions    
Amount of surplus notes that may be repurchased under stand-alone derivatives 500,000   500,000    
Aggregate fair value of all derivative instruments linked to Ambac's own credit risk in a net liability position 238,203   238,203   266,626
Fair value of posted assets as collateral 286,660   286,660   263,530
Call Option [Member]
         
Derivative Instruments [Line Items]          
Maturity Date of call options     Jun. 01, 2012    
Call option asset position         6,055
Gains in change in fair value of the call options 39,030 4,045 100,710 20,770  
Credit Derivatives [Member]
         
Derivative Instruments [Line Items]          
Number of credit derivative contracts 4   4   4
Net liability fair value of credit derivative contracts 59,423   59,423   46,056
Notional value of credit derivative contracts 290,186   290,186   290,007
CLOs [Member]
         
Derivative Instruments [Line Items]          
Number of credit derivatives transactions not written on a pay-as-you-go basis 6   6    
Net credit derivative liabilities not written on pay as you go basis at fair value 252   252    
Gross principal notional outstanding, credit derivatives not written on pay as you go basis     $ 148,273