Drive Shack Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE - Net Assets of Linked Transactions (Details 11)

FAIR VALUE - Net Assets of Linked Transactions (Details 11) (USD $)
In Thousands, unless otherwise specified

Sep. 30, 2013

Dec. 31, 2012

Real estate securities, available-for-sale

$ 825,499

^[1],[2]

$ 1,691,575

Repurchase agreements

(376,886)

(929,435)

Linked Transactions at fair value

Real estate securities, available-for-sale

103,140

^[3]

Repurchase agreements

(59,968)

^[4]

Net Assets recognized as linked transactions

$ 43,172

[1]	(A) See Note 10 regarding the estimation of fair value, which is equal to carrying value for all securities.
[2]	(G) The total outstanding face amount was $0.4 billion for fixed rate securities and $0.6 billion for floating rate securities.
[3]	(A) Represents the fair value of the securities accounted for as part of linked transactions at September 30, 2013.
[4]	(B) Represents the carrying value, which approximates fair value, of the repurchase agreements accounted for as part of linked transactions at September 30, 2013.

- Definition

Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security resale agreement between the entity and another party for the purchase and resale of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement.

+ References + Details