v3.3.0.814

OFFSETTING OF ASSETS AND LIABILITIES | 9 Months Ended
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Sep. 30, 2015
OFFSETTING OF ASSETS AND LIABILITIES |
11. | OFFSETTING OF ASSETS AND LIABILITIES
The following tables present the offsetting of assets and liabilities as of September 30, 2015:
|  | Gross and Net Amounts of Assets Presented in the Statement of Financial Condition |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  | Financial Instruments |  |  | Cash Collateral Received |  |  | Net Amount |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Freestanding Derivatives |  | $ | 3,703 |  |  | $ | 1,676 |  |  | $ | 826 |  |  | $ | 1,201 |
Reverse Repurchase Agreements |  |  | 85,282 |  |  |  | 84,828 |  |  |  | — |  |  |  | 454 |
Total |  | $ | 88,985 |  |  | $ | 86,504 |  |  | $ | 826 |  |  | $ | 1,655 |
|  | Gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  | Financial Instruments |  |  | Cash Collateral Pledged |  |  | Net Amount |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Investment Hedges |  | $ | 244 |  |  | $ | — |  |  | $ | — |  |  | $ | 244 |
Freestanding Derivatives |  |  | 24,550 |  |  |  | 1,676 |  |  |  | 17,480 |  |  |  | 5,394 |
Repurchase Agreements |  |  | 42,102 |  |  |  | 41,433 |  |  |  | 669 |  |  |  | — |
Total |  | $ | 66,896 |  |  | $ | 43,109 |  |  | $ | 18,149 |  |  | $ | 5,638 |
The following tables present the offsetting of assets and liabilities as of December 31, 2014:
|  | Gross and Net Amounts of Assets Presented in the Statement of Financial Condition |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  |  | Financial Instruments |  |  | Cash Collateral Received |  |  | Net Amount |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Investment Hedges |  | $ | 523 |  |  | $ | — |  |  | $ | — |  |  | $ | 523 |
Freestanding Derivatives |  |  | 3,290 |  |  |  | 1,132 |  |  |  | 352 |  |  |  | 1,806 |
Total |  | $ | 3,813 |  |  | $ | 1,132 |  |  | $ | 352 |  |  | $ | 2,329 |
|  | Gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  |  | Financial Instruments |  |  | Cash Collateral Pledged |  |  | Net Amount |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Freestanding Derivatives |  | $ | 8,653 |  |  | $ | 1,132 |  |  | $ | 7,424 |  |  | $ | 97 |
Repurchase Agreements |  |  | 29,907 |  |  |  | 29,438 |  |  |  | 469 |  |  |  | — |
Total |  | $ | 38,560 |  |  | $ | 30,570 |  |  | $ | 7,893 |  |  | $ | 97 |
Reverse Repurchase Agreements and Repurchase Agreements are presented separately on the Condensed Consolidated Statements of Financial Condition. Freestanding Derivative assets are included in Other Assets in the Condensed Consolidated Statements of Financial Condition. The following table presents the components of Other Assets:
|  | September 30, 2015 |  |  | December 31, 2014 |
Furniture, Equipment and Leasehold Improvements, Net |  | $ | 174,028 |  |  | $ | 135,740 |
Prepaid Expenses |  |  | 151,356 |  |  |  | 102,503 |
Other Assets |  |  | 39,994 |  |  |  | 82,704 |
Freestanding Derivatives |  |  | 3,703 |  |  |  | 3,290 |
Net Investment Hedges |  |  | — |  |  |  | 523 |
|  | $ | 369,081 |  |  | $ | 324,760 |
Freestanding Derivative liabilities are included in Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition and are not a significant component thereof. Notional Pooling Arrangement Blackstone has entered into a notional cash pooling arrangement with a financial institution for cash management purposes. This arrangement allows for cash withdrawals based upon aggregate cash balances on deposit at the same financial institution. Cash withdrawals cannot exceed aggregate cash balances on deposit. The net balance of cash on deposit and overdrafts is used as a basis for calculating net interest expense or income. As of September 30, 2015, the aggregate cash balance on deposit relating to the cash pooling arrangement was $1.2 billion, which was fully offset with an accompanying overdraft.

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- Definition The entire disclosure for offsetting the entity's assets and liabilities, including but not limited to the gross and net amounts presented in the statement of financial condition and amounts not offset in the statement of financial condition. + References No definition available. + Details
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