Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 364

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 364
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 the activity of derivative instruments for the three and six months ended June 30, 2025 and 2024, respectively (dollar amounts in thousands):Notional Amount For the Three Months Ended June 30, 2025Type of Derivative InstrumentMarch 31, 2025AdditionsTerminations/Pair-OffsJune 30, 2025Interest rate caps$45,142 $— $— $45,142 Options160 92 (252)— TBAs— 20,000 (10,000)10,000 Interest rate swaps4,494,376 671,166 (298,325)4,867,217 Credit default swaps400,000 75,000 — 475,000 U.S. Treasury futures112,500 356,900 (221,900)247,500 Notional Amount For the Three Months Ended June 30, 2024Type of Derivative InstrumentMarch 31, 2024Additions/Transfers In (1)Terminations/Transfers Out (1)June 30, 2024Interest rate caps$536,904 $29,000 $(302,762)$263,142 Options100 180 (200)80 Interest rate swaps3,376,745 189,244 (593,959)2,972,030 Credit default swaps400,000 — — 400,000 U.S. Treasury futures25,300 218,200 (176,500)67,000 Notional Amount For the Six Months Ended June 30, 2025Type of Derivative InstrumentDecember 31, 2024AdditionsTerminations/Pair-OffsJune 30, 2025Interest rate caps$45,142 $45,142 $(45,142)$45,142 Options— 252 (252)— TBAs— 20,000 (10,000)10,000 Interest rate swaps4,134,267 2,255,335 (1,522,385)4,867,217 Credit default swaps400,000 75,000 — 475,000 U.S. Treasury futures406,100 469,400 (628,000)247,500 Notional Amount For the Six Months Ended June 30, 2024Type of Derivative InstrumentDecember 31