v3.10.0.1

Counterparty Risk | 6 Months Ended
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Jun. 30, 2018
Risks and Uncertainties [Abstract] |
Counterparty Risk | Counterparty Risk As of June 30, 2018, investments with an aggregate value of approximately $1.69 billion were held with dealers as collateral for various reverse repurchase agreements. The investments held as collateral include securities in the amount of $0.3 million that were sold prior to period end but for which such sale had not yet settled as of June 30, 2018. The following table details the percentage of such collateral held by counterparties who hold greater than 15% of the aggregate $1.69 billion in collateral for various reverse repurchase agreements as of June 30, 2018. In addition to the below, unencumbered investments, on a settlement date basis, of approximately $26.8 million were held in custody at the Bank of New York Mellon Corporation as of June 30, 2018.
Dealer |  | % of Total Collateral on Reverse Repurchase Agreements
Royal Bank of Canada |  | 15%
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 June 30, 2018:
Dealer |  | % of Total Due from Brokers
Morgan Stanley |  | 49%
J.P. Morgan Securities LLC |  | 17%
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 June 30, 2018:
Dealer |  | % of Total Receivable for Securities Sold
Credit Suisse Securities LLC |  | 34%
Bank of America Securities |  | 33%
Wells Fargo Securities |  | 16%
In addition, the Company held cash and cash equivalents of $22.1 million and $47.2 million as of June 30, 2018 and December 31, 2017, respectively. The below table details the concentration of cash and cash equivalents held by each counterparty:
|  | As of
Counterparty |  | June 30, 2018 |  | December 31, 2017
Bank of New York Mellon Corporation |  | 32% |  | 37%
Deutsche Bank Securities |  | 32% |  | 5%
Morgan Stanley Institutional Liquidity Fund—Government Portfolio |  | 11% |  | —%
BlackRock Liquidity Funds FedFund Portfolio |  | 10% |  | 56%
Goldman Sachs Financial Square Funds—Government Fund |  | 10% |  | —%
Bank of America Securities |  | 4% |  | 2%
US Bank N.A. |  | 1% |  | —%

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- 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 -URI http://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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