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Other assets

9 Months Ended

Sep. 30, 2020

Note 13 − Other assets

The caption of other assets in the consolidated statements of financial condition consists of the following major categories:

(In thousands)	September 30, 2020		December 31, 2019
Net deferred tax assets (net of valuation allowance)	$	882,230	$	886,353
Investments under the equity method		239,860		237,081
Prepaid taxes		40,077		47,226
Other prepaid expenses		84,717		82,425
Derivative assets		18,080		17,966
Trades receivable from brokers and counterparties		67,124		47,049
Principal, interest and escrow servicing advances		72,721		77,800
Guaranteed mortgage loan claims receivable		89,763		108,946
Operating ROU assets (Note 28)		149,855		149,849
Finance ROU assets (Note 28)		17,143		12,888
Others		155,136		152,032
Total other assets	$	1,816,706	$	1,819,615

The Corporation enters in the ordinary course of business into hosting arrangements that are service contracts. These arrangements can include capitalizable implementation costs that are amortized during the term of the hosting arrangement. The Corporation recognizes capitalizable implementation costs related to hosting arrangements that are service contracts within the Other assets line item in the accompanying Consolidated Statements of Financial Condition. As of September 30, 2020, the total capitalized implementation costs amounted to $16.8 million with an accumulated amortization of $4.2 million for a net value of $12.6 million. Total amortization expense for all capitalized implementation costs of hosting arrangements that are service contracts for the quarter and nine months ended September 30, 2020 was $0.5 million and $1.5 million, respectively.