Short-Term Borrowings (Tables)

6 Months Ended

May 31, 2020

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings

Short-term borrowings at May 31, 2020 and November 30, 2019 include the following and mature in one year or less (in thousands):

	May 31, 2020		November 30, 2019
Bank loans (1)	$	634,384	$	527,509
Floating rate puttable notes (1)	6,800		—
Equity-linked notes (2)	15,671		20,981
Total short-term borrowings	$	656,855	$	548,490

(1) These Short-term borrowings are recorded at cost in our Consolidated Statements of Financial Condition, which is a reasonable approximation of their fair values due to their liquid and short-term nature.

(2)

See Note 4, Fair Value Disclosures, for further information on these notes.