Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 402

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 402
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30, 2025 and December 31, 2024, respectively, is included in other liabilities on the accompanying condensed consolidated balance sheets.

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The tables below summarize the notional activity of derivative instruments for the three and nine months ended September 30, 2025 and 2024, respectively (dollar amounts in thousands):Notional Amount For the Three Months Ended September 30, 2025Type of Derivative InstrumentJune 30, 2025AdditionsTerminations/Pair-OffsSeptember 30, 2025Interest rate caps$45,142 $— $— $45,142 Options— 349 (185)164 TBAs10,000 130,000 (110,000)30,000 Interest rate swaps4,867,217 1,117,681 (1,205,090)4,779,808 Credit default swaps475,000 — — 475,000 Futures247,500 1,051,727 (673,500)625,727 Notional Amount For the Three Months Ended September 30, 2024Type of Derivative InstrumentJune 30, 2024AdditionsTerminationsSeptember 30, 2024Interest rate caps$263,142 $— $— $263,142 Options80 — (80)— Interest rate swaps2,972,030 881,235 (550,952)3,302,313 Credit default swaps400,000 — — 400,000 Futures67,000 — (67,000)— Notional Amount For the Nine Months Ended September 30, 2025Type of Derivative InstrumentDecember 31, 2024AdditionsTerminations/Pair-OffsSeptember 30, 2025Interest rate caps$45,142 $45,142 $(45,142)$45,142 Options— 601 (437)164 TBAs— 150,000 (120,000)30,000 Interest rate swaps4,134,267 3,373,016 (2,727,475)4,779,808 Credit default swaps400,000 75,000 — 475,000 Futures406,100 1,521,127 (1,301,500)625,727 Notional Amount For the Nine