v3.19.1

Financial Derivatives (Fair Value of Financial Derivatives) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018
--- | --- | ---
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- | [1] | $ 15,356 | $ 20,001
Financial derivatives–liabilities, at fair value- | [1] | (26,904) | $ (20,806)
Total |  | (11,548) |
TBA securities purchase contracts |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 445 |
Financial derivatives–liabilities, at fair value- |  | (33) |
TBA securities sale contracts |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 86 |
Financial derivatives–liabilities, at fair value- |  | (3,042) |
Fixed payer interest rate swaps |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 2,291 |
Financial derivatives–liabilities, at fair value- |  | (6,243) |
Fixed receiver interest rate swaps |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 3,096 |
Financial derivatives–liabilities, at fair value- |  | (1,328) |
Basis swaps |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 4 |
Credit default swaps on asset-backed securities |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 1,233 |
Financial derivatives–liabilities, at fair value- |  | (822) |
Credit default swaps on asset-backed indices |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 3,276 |
Credit default swaps on corporate bonds |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 715 |
Financial derivatives–liabilities, at fair value- |  | (945) |
Credit default swaps on corporate bond indices |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 3,519 |
Financial derivatives–liabilities, at fair value- |  | (11,907) |
Recovery swaps |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (8) |
Total return swaps |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 123 |
Futures |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 138 |
Financial derivatives–liabilities, at fair value- |  | (2,454) |
Forwards |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 430 |
Financial derivatives–liabilities, at fair value- |  | $ (122) |
[1] | In the Company's Consolidated Statement of Assets, Liabilities, and Equity, all balances associated with repurchase agreements, reverse repurchase agreements, and financial derivatives are presented on a gross basis.

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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13433-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
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