Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from the line of Murali Gopal with KBW. Please go ahead.
Murali Gopal - KBW
Okay. Just wanted to quickly ask you, the SIV security that was purchased and brought on to your books, why did you choose to do that specific security versus the others?
Dennis McGonigle
The primary reason was it was the only security in that one particular money market fund. We thought it made sense to just clean that fund out and take it off the table in terms of the capital support agreements.
Also, as we have had some follow-up conversations with rating agencies, they're kind of ongoing; that fund is rated AAA by Moody's it just made those conversations a heck of a lot easier.
Murali Gopal - KBW
Okay. When I look at the restrictive cash of $34 million you had at the end of the quarter, is that all segregated cash toward meeting any ultimate obligation on this front?
Dennis McGonigle
You mean the cash on our balance sheet?
Murali Gopal - KBW
Right. The $34 million, the restricted cash, not the cash and short-term investment.
Dennis McGonigle
$20 million of that is restricted to this purpose. The rest of that is restricted really in the context of some subsidiary companies for capital reasons or regulatory restriction.
Murali Gopal - KBW
Okay. And could you give us an idea on how you arrived at the $20 million number?
Dennis McGonigle
Sorry. Give me that again.
Murali Gopal - KBW
The $20 million number, how that was arrived at?
Dennis McGonigle
The $20 million cash collateral?
Murali Gopal - KBW
Right. The segregated cash that you have toward this purpose. Why did you choose to keep $20 million or and not something more?
Dennis McGonigle
Well, at the time we had to increase our support amounts. This has gone back quite a few months now. We've had this cash collaterals there for a while. We just decided with an easier more convenient path to go down. We have within our credit facility the ability to attach another $50 million LC. That's an option for us that we could just swap out the cash for LC, but this was just more of a convenience.
Murali Gopal - KBW
Okay. Lastly, the marketable security, you have $86 million, what is that comprised of?
Dennis McGonigle
The bulk of those marketable securities are Ginnie Mae securities that are held on the balance sheet of our thrift subsidiary for qualified thrift lending purposes as in that test.
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