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Other assets

3 Months Ended

Mar. 31, 2022

Note 12 − Other assets

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

(In thousands)	March 31, 2022		December 31, 2021
Net deferred tax assets (net of valuation allowance)	$	776,243	$	657,597
Investments under the equity method		313,420		298,988
Prepaid taxes		32,147		37,924
Other prepaid expenses		89,245		79,845
Derivative assets		24,848		26,093
Trades receivable from brokers and counterparties		60,497		65,460
Principal, interest and escrow servicing advances		49,877		53,942
Guaranteed mortgage loan claims receivable		94,401		98,001
Operating ROU assets (Note 27)		132,229		141,748
Finance ROU assets (Note 27)		19,479		13,459
Others		163,461		155,514
Total other assets	$	1,755,847	$	1,628,571

The Corporation enters in the ordinary course of business into technology 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 Others in the table above. As of March 31, 2022, the total capitalized implementation costs amounted to $21.6 million with an accumulated amortization of $9.7 million for a net value of $11.9 million, compared to total capitalized implementation costs amounting to $18.4 million with an accumulated amortization of $8.8 million for a net value of $9.6 million as of December 31, 2021. Total amortization expense for all capitalized implementation costs of hosting arrangements that are service contracts for the quarter ended March 31, 2022 was $0.9 million (March 31, 2021 - $0.8 million).