Related Party Transactions (Tables)

9 Months Ended

Aug. 31, 2020

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

	Three Months Ended   August 31,				Nine Months Ended   August 31,
	2020		2019		2020		2019
Securities purchased from Jefferies	$	20.2	$	—	$	60.1	$	885.6
Securities sold to Jefferies	0.1		22.9		0.1		40.8

The following is a description of our related party transactions with Jefferies and its affiliates:

• We provide services to and receive services from Jefferies under service agreements (in millions):

	Three Months Ended   August 31,				Nine Months Ended   August 31,
	2020		2019		2020		2019
Charges to Jefferies for services provided	$	13.8	$	9.8	$	34.3	$	36.1
Charges from Jefferies for services received	4.2		6.4		19.6		7.8

• We also provide investment banking and capital markets and asset management services to Jefferies and its affiliates. The following table presents the revenues earned by type of services provided (in millions):

	Three Months Ended   August 31,				Nine Months Ended   August 31,
	2020		2019		2020		2019
Investment banking	$	—	$	2.4	$	—	$	10.3
Commissions and other fees	0.4		1.1		1.1		2.3

• Receivables from and payables to Jefferies, included in Other assets and Accrued expenses and other liabilities, respectively, in our Consolidated Statements of Financial Condition (in millions):

	August 31,   2020		November 30,    2019
Receivable from Jefferies	$	3.2	$	0.9
Payable to Jefferies	—		4.3

Net gains on our investments in these hedge funds, which are included in Principal transactions revenues in our Consolidated Statements of Earnings, are as follows (in millions):

	Three Months Ended   August 31,				Nine Months Ended   August 31,
	2020		2019		2020		2019
Net gains from our investments	$	7.7	$	1.0	$	14.0	$	3.3

Net gains (losses) relating to these contracts, which are included in Principal transactions revenues in our Consolidated Statements of Earnings, are as follows (in millions):

	Three Months Ended   August 31,				Nine Months Ended   August 31,
	2020		2019		2020		2019
Net gains on foreign exchange contracts	$	0.6	$	1.2	$	1.6	$	1.9