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Commitments, Contingencies and Guarantees (Tables)
3 Months Ended
Feb. 28, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Commitments and Contingencies
The following table summarizes our commitments at February 28, 2021 (in millions):
Expected Maturity Date (fiscal years)
202120222023 
and 
2024
2025 
and 
2026
2027 
and 
Later
Maximum Payout
Equity commitments (1)
$208.9 $99.0 $— $— $23.5 $331.4 
Loan commitments (1)
49.5 260.0 25.0 1.4 — 335.9 
Underwriting commitments
224.0 — — — — 224.0 
Forward starting reverse repos (2)
5,703.8 193.7 4.2 — — 5,901.7 
Forward starting repos (2)
3,627.2 — 4.2 — — 3,631.4 
Other unfunded commitments (1)
135.3 25.0 136.1 — — 296.4 
Total commitments
$9,948.7 $577.7 $169.5 $1.4 $23.5 $10,720.8 
(1)Equity, loan and other unfunded commitments are presented by contractual maturity date. The amounts, however, are available on demand.
(2)At February 28, 2021, $5,894.4 million within forward starting securities purchased under agreements to resell and $3,631.4 million within forward starting securities sold under agreements to repurchase settled within three business days.
Schedule of 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, 2021 (in millions):
Expected Maturity Date (Fiscal Years)
202120222023 
and 
2024
2025 
and 
2026
2027 
and 
Later
Notional/ Maximum Payout
Guarantee Type:
Derivative contracts—non-credit related
$11,232.2 $2,940.1 $8,807.2 $394.1 $12.1 $23,385.7 
Written derivative contracts—credit related
— — 6.4 87.2 — 93.6 
Total derivative contracts
$11,232.2 $2,940.1 $8,813.6 $481.3 $12.1 $23,479.3