v2.4.1.9

Counterparty Risk | 12 Months Ended
--- | ---
Dec. 31, 2014
Risks and Uncertainties [Abstract] |
Counterparty Risk | Counterparty Risk As of December 31, 2014, investments with an aggregate value of approximately $1.94 billion were held with dealers as collateral for various reverse repurchase agreements. The investments held as collateral include securities in the amount of $145.5 million that were sold prior to period end but for which such sale had not yet settled as of December 31, 2014. The following table details the percentage of such collateral held by counterparties who hold greater than 15% of the aggregate $1.94 billion in collateral for various reverse repurchase agreements as of December 31, 2014. In addition to the below, unencumbered investments, on a settlement date basis, of approximately $158.7 million were held in custody at the Bank of New York Mellon Corporation.
Dealer |  | % of Total Collateral on Reverse Repurchase Agreements
Deutsche Bank |  | 22%
Royal Bank of Canada |  | 17%
The following table details the percentage of collateral amounts held by dealers who hold greater than 15% of the Company's Due from Brokers, included as of December 31, 2014:
Dealer |  | % of Total Due from Brokers
Morgan Stanley |  | 57%
J.P. Morgan Securities Inc. |  | 20%
The following table details the percentage of amounts held by dealers who hold greater than 15% of the Company's Receivable for securities sold as of December 31, 2014:
Dealer |  | % of Total Receivable for Securities Sold
CS First Boston |  | 25%
Morgan Stanley |  | 20%
Citigroup |  | 15%
In addition the Company held cash and cash equivalents of $114.1 million and $183.5 million as of December 31, 2014 and December 31, 2013, respectively. The below table details the concentration of cash and cash equivalents held by each counterparty:
|  | As of
Counterparty |  | December 31, 2014 |  | December 31, 2013
BlackRock Liquidity TempFund |  | 88% |  | —%
Bank of New York Mellon Corporation |  | 11% |  | 73%
US Bank |  | 1% |  | —%
JP Morgan Prime Money Market Premier Fund |  | —% |  | 27%

X
- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6327-108592 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13531-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13537-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592 + Details
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration