Commitments, Contingencies and Guarantees (Tables)

3 Months Ended

Feb. 29, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

The following table summarizes our commitments associated with our capital market and asset management business activities at February 29, 2016 (in millions):

	Expected Maturity Date (fiscal years)
	2016		2017		2018 and 2019		2020 and 2021		2022 and Later		Maximum Payout
Equity commitments (1)	$	1.5	$	7.9	$	—	$	11.5	$	238.5	$	259.4
Loan commitments (1)	2.5		330.8		55.9		—		—		389.2
Mortgage-related and other purchase commitments	1,352.2		255.3		926.4		—		—		2,533.9
Forward starting reverse repos and repos	77.1		—		—		—		—		77.1
Other unfunded commitments (1)	47.5		215.8		37.0		5.5		35.0		340.8
	$	1,480.8	$	809.8	$	1,019.3	$	17.0	$	273.5	$	3,600.4

(1) Equity, loan and other unfunded commitments are presented by contractual maturity date. The amounts, however, are available on demand.

Guarantees

The following table summarizes the notional amounts associated with our derivative contracts meeting the definition of a guarantee under U.S. GAAP at February 29, 2016 (in millions):

	Expected Maturity Date (fiscal years)
	2016		2017		2018 and 2019		2020 and 2021		2022 and Later		Notional/ Maximum Payout
Guarantee Type:
Derivative contracts—non-credit related	$	13,418.6	$	1,048.6	$	348.1	$	—	$	426.7	$	15,242.0
Written derivative contracts—credit related	—		—		90.2		197.0		2.5		289.7
Total derivative contracts	$	13,418.6	$	1,048.6	$	438.3	$	197.0	$	429.2	$	15,531.7

External Credit Ratings of Underlying or Referenced Assets for Credit Related Derivatives Contracts

At February 29, 2016 the external credit ratings of the underlyings or referenced assets for our credit related derivatives contracts (in millions):

	External Credit Rating
	AAA/ Aaa		AA/Aa		A		BBB/ Baa		Below Investment Grade		Unrated		Notional/ Maximum Payout
Credit related derivative contracts:
Index credit default swaps	$	3.5	$	—	$	—	$	49.0	$	—	$	—	$	52.5
Single name credit default swaps	$	—	$	—	$	—	$	21.5	$	164.6	$	51.1	$	237.2