Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 44

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 44
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In those cases, the Company accounts for the transaction between trade date and settlement date as either a forward purchase commitment or a forward sale commitment, which are both considered derivatives.  The Company will record an unrealized gain or unrealized loss on the derivative for the difference between the fair value of the underlying financial instrument as of the reporting date and the agreed upon transaction price. As of  September 30, 2025, the Company had open forward purchase agreements in the notional amount of $1 and open forward sales agreements in the notional amount of $0. As of  December 31, 2024, the Company had no open forward purchase or sales agreements.
   ﻿
   Foreign Currency Forward Contracts 
    
   The Company invests in foreign currency denominated investments that expose it to fluctuations in foreign currency rates, and, therefore, the Company  may, from time to time, hedge such exposure by using foreign currency forward contracts.  The Company carries foreign currency forward contracts at fair value and includes them as a component of other investments, at fair value in the Company’s consolidated balance sheets.  As of  September 30, 2025 and  December 31, 2024, the Company had no outstanding foreign currency forward contracts. 
    
   The following table presents the Company’s derivative financial instruments and the amount and location of the fair value (unrealized gain / (loss)) recognized in the consolidated balance sheets as of  September 30, 2025 and  December 31, 2024.  
    
   DERIVATIVE FINANCIAL INSTRUMENTS-BALANCE SHEET INFORMATION
   (Dollars in Thousands)
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     Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815   Balance Sheet Classification   September 30, 2025    December 31, 2024  
 TBAs and other forward agency MBS   Investments-trading  $2,928  $4,836 
 TBAs and other forward agency MBS   Trading securities sold, not yet purchased   (1,429)  (4,050)
 Equity derivatives   Other investments, at fair value   73   73 
 Equity derivatives   Other investments sold, not yet purchased, at fair value   (65)  - 
 Share forward liability   Other investments, sold not yet purchase, at fair value   -   (470)
    $