Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 92

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 92
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, and executing contracts and agreements with multiple counterparties to reduce exposure to a single counterparty.The Company's secured financing agreements transactions are governed by underlying agreements that provide for a right of setoff by the lender, including in the event of default or in the event of bankruptcy of the borrowing party to the transactions. The Company's derivative transactions are governed by underlying agreements that provide for a right of setoff under master netting arrangements, including in the event of default or in the event of bankruptcy of either party to the transactions. The Company presents its assets and liabilities subject to such arrangements on a net basis in the Consolidated Statements of Financial Condition. The following table presents information about our assets and liabilities that are subject to such arrangements and can potentially be offset on our consolidated statements of financial condition as of March 31, 2025 and December 31, 2024.March 31, 2025(dollars in thousands) Gross Amounts of Recognized  Assets (Liabilities) Gross Amounts Offset in the Consolidated Statements of Financial PositionNet Amounts Offset in the Consolidated Statements of Financial PositionGross Amounts Not Offset with Financial Assets (Liabilities) in the Consolidated Statements of Financial Position  FinancialInstrumentsCash Collateral (Received) Pledged (1)Net AmountSecured financing agreements$(2,994,191)$— $(2,994,191)$4,222,227 $10,604 $1,238,640 Interest rate swaps - Gross Assets3,276 (3,276)— — — — Interest rate swaps - Gross Liabilities— — — — (17,255)(17,255)Swap futures - Gross Assets— — — — 1,568 1,568 Swap futures - Gross Liabilities(240)— (240)— — (240)Swaptions - Gross Assets— — — — — — Swaptions - Gross Liabilities— — — — — — Interest rate cap - Gross Assets5,242 (5,242)— — (438)(438)Interest rate cap - Gross Liabilities— — — — — — Total$(2,985,913)$(8,518)$(2,994,431)$4,222,227 $(5,521)$1,222,275 (1)