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Related Party Transactions
3 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
    
The Company incurs expenses and maintains balances with its affiliates in the ordinary course of business. As of March 31, 2019, and December 31, 2018 the Company had payables of $2.1 million and $3.0 million to its affiliates, respectively.

The Company has held a minority interest in SBI since 2016 (see Note 11 “Financial Assets and Liabilities”). The Company pays exchange fees to SBI for the trading activities conducted on its proprietary trading system. The Company paid $3.4 million and $2.3 million for the three months ended March 31, 2019 and 2018, respectively, to SBI for these trading activities.
 
The Company makes payments to two JVs (see Note 2 “Summary of Significant Accounting Policies”) to fund the construction of the microwave communication networks, and to purchase microwave communication networks, which are recorded within communications and data processing on the condensed consolidated statements of comprehensive income. The Company made payments of $5.2 million and $5.6 million for the three months ended March 31, 2019 and 2018, respectively.

The Company purchases network connections services from affiliates of Level 3 Communications (“Level 3”). Temasek and its affiliates have a significant ownership interest in Level 3. For the three months ended March 31, 2019 and 2018, the Company paid $0.3 million and $0.7 million, respectively, to Level 3 for these services.

The Company purchases and leases computer equipment and maintenance and support from affiliates of Dell Inc. (“Dell”). Temasek and its affiliates have a significant ownership interest in Dell. For the three months ended March 31, 2019 and 2018, the Company paid $1.1 million and $0.6 million, respectively, to Dell for these services.