Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 52

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 52
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leared derivatives$(77,326)$— $(77,326)$22,061 $— $44,299 $(10,966)Cleared derivatives(462)462 — — — — — Total$(77,788)$462 $(77,326)$22,061 $— $44,299 $(10,966)(1)Any over-collateralization at an individual clearing agent and/or counterparty level is not included in the determination of the net amount. As of December 31, 2024, Farmer Mac had additional net exposure of $209.0 million due to instances where Farmer Mac's collateral to a counterparty exceeded the net derivative position and $4.7 million due to instances where Farmer Mac's collateral from a counterparty exceeded the net derivative position.

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December 31, 2023Gross Amount RecognizedGross Amounts offset in the Consolidated Balance SheetNet Amount Presented in the Consolidated Balance Sheet(1)Gross Amounts Not Offset in the Consolidated Balance SheetNetting AdjustmentsFinancial instruments pledgedCash Collateral(2)Net Amount(3)(in thousands)Assets:Uncleared derivatives$25,751 $— $25,751 $(25,727)$— $— $24 Cleared derivatives10,388 (1,236)9,152 — — — 9,152 Total$36,139 $(1,236)$34,903 $(25,727)$— $— $9,176 Liabilities:Uncleared derivatives$(100,114)$— $(100,114)$25,727 $— $69,360 $(5,027)Cleared derivatives(1,236)1,236 — — — — — Total$(101,350)$1,236 $(100,114)$25,727 $— $69,360 $(5,027)(1)Amounts presented may not agree to the consolidated balance sheet related to counterparties not subject to master netting agreements. (2)Cash collateral excludes $15.2 million of collateral posted and $2.0 million of collateral received related to counterparties not subject to master netting agreements.(3)Any over-collateralization at an individual clearing agent and/or counterparty level is not included in the determination of the net amount. As of