Commitments, Contingencies and Guarantees (Tables)

9 Months Ended

Aug. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

The following table summarizes our commitments at August 31, 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	$	—	$	11.3	$	213.7	$	234.4
Loan commitments (1)	—		306.4		82.2		54.4		—		443.0
Mortgage-related and other purchase commitments	838.0		263.2		1,265.2		21.6		—		2,388.0
Underwriting commitments	—		223.2		—		—		—		223.2
Forward starting reverse repos and repos	166.3		—		—		—		—		166.3
Other unfunded commitments (1)	65.8		142.6		26.8		5.1		32.3		272.6
Total commitments	$	1,071.6	$	943.3	$	1,374.2	$	92.4	$	246.0	$	3,727.5


(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 August 31, 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	$	20,564.3	$	5,702.8	$	377.9	$	—	$	437.4	$	27,082.4
Written derivative contracts—credit related	—		—		91.7		258.7		—		350.4
Total derivative contracts	$	20,564.3	$	5,702.8	$	469.6	$	258.7	$	437.4	$	27,432.8

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

At August 31, 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		Notional/ Maximum Payout
Credit related derivative contracts:
Index credit default swaps	$	24.0	$	—	$	—	$	83.7	$	—	$	107.7
Single name credit default swaps	$	—	$	—	$	59.9	$	38.6	$	144.2	$	242.7