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Collateralized Transactions | 3 Months Ended
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Mar. 31, 2020
Brokers And Dealers [Abstract] |
Collateralized Transactions |
9. | Collateralized Transactions
Repurchase Agreements Securities sold under Repurchase Agreements are accounted for as collateralized financing transactions and are recorded at the contractual amount for which the securities will be repurchased, including accrued interest. As of March 31, 2020, Cantor facilitated Repurchase Agreements between the Company and Cantor in the amount of $0.5 million for the purpose of financing fails. U.S. Treasury or other fixed income securities were provided to Cantor as collateral for the fair value of the Repurchase Agreements. These Repurchase Agreements had a maturity date of April 1, 2020. As of December 31, 2019, Cantor did not facilitate any Repurchase Agreements between the Company and Cantor. Securities Loaned As of March 31, 2020, the Company had Securities loaned transactions of $3.0 million with Cantor. The fair value of the securities loaned was $2.8 million. As of March 31, 2020, the cash collateral received from Cantor bore an annual interest rate of 0.58%. As of December 31, 2019, the Company had Securities loaned transactions of $13.9 million with Cantor. The fair value of the securities loaned was $13.9 million. As of December 31, 2019, the cash collateral received from Cantor bore an annual interest rate of 2.45%. These transactions have no stated maturity date.

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- Definition The entire disclosure for repurchase agreements (also known as repos), resale agreements (also known as reverse repurchase agreements or reverse repos), securities borrowed transactions, and securities loaned transactions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -URI http://asc.fasb.org/topic&trid=2197590 + Details
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