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Commitments, Contingencies and Guarantees (Tables)
 3 Months Ended
Feb. 28, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
The following table summarizes our commitments at February 28, 2017 (in millions):
 
Expected Maturity Date (fiscal years)
 
 
 
2017
 
2018
 
2019 
 and 
 2020
 
2021 
 and 
 2022
 
2023 
 and 
 Later
 
Maximum Payout
Equity commitments (1)
$
—

 
$
9.4

 
$
11.1

 
$
—

 
$
233.0

 
$
253.5

Loan commitments (1)
294.4

 
11.9

 
65.0

 
56.2

 
—

 
427.5

Mortgage-related and other purchase commitments
—

 
—

 
217.0

 
—

 
—

 
217.0

Underwriting commitments
0.1

 
—

 
—

 
—

 
—

 
0.1

Forward starting reverse repos (2)
3,346.5

 
—

 
—

 
—

 
—

 
3,346.5

Forward starting repos (2)
2,609.3

 
—

 
—

 
—

 
—

 
2,609.3

Other unfunded commitments (1)
135.0

 
124.7

 
4.6

 
36.2

 
12.7

 
313.2

Total commitments
$
6,385.3

 
$
146.0

 
$
297.7

 
$
92.4

 
$
245.7

 
$
7,167.1

(1)
Equity, loan and other unfunded commitments are presented by contractual maturity date. The amounts, however, are available on demand.
(2)
At February 28, 2017, $3,303.6 million within forward starting reverse repos and $2,609.3 million within repos settled within three business days.
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 28, 2017 (in millions):
 
Expected Maturity Date (fiscal years)
 
 
 
2017
 
2018
 
2019 
 and 
 2020
 
2021 
 and 
 2022
 
2023 
 and 
 Later
 
Notional/ Maximum Payout
Guarantee Type:
 
 
 
 
 
 
 
 
 
 
 
Derivative contracts—non-credit related
$
17,839.8

 
$
1,562.1

 
$
—

 
$
—

 
$
421.7

 
$
19,823.6

Written derivative contracts—credit related
—

 
53.4

 
11.5

 
294.3

 
—

 
359.2

Total derivative contracts
$
17,839.8

 
$
1,615.5

 
$
11.5

 
$
294.3

 
$
421.7

 
$
20,182.8
External Credit Ratings of Underlying or Referenced Assets for Credit Related Derivatives Contracts
At February 28, 2017 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
$
4.0

 
$
—

 
$
—

 
$
—

 
$
—

 
$
4.0

Single name credit default swaps
—

 
—

 
115.1

 
59.9

 
180.2

 
355.2