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Commitments, Contingencies and Guarantees (Tables)
 3 Months Ended
Feb. 29, 2012
Commitments, Contingencies and Guarantees [Abstract]  
Commitments and guarantees
                                                 
    Expected Maturity Date        
    2012     2013     2014
and
2015		     2016
and
2017		     2018
and
Later		     Maximum
Payout		  

Equity commitments

   $ 0.3     $ 0.2     $ 8.2     $ —     $ 569.1     $ 577.8  

Loan commitments

     89.3       51.9       464.6       36.1       —       641.9  

Mortgage-related commitments

     818.5       —       724.0       90.9       —       1,633.4  

Forward starting reverse repos and repos

     600.3       —       —       —       —       600.3  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
    $ 1,508.4     $ 52.1     $ 1,196.8     $ 127.0     $ 569.1     $ 3,453.4  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Corporate Lending Commitments and Funded Loans
                                                 

Credit Ratings

   0 - 12
Months		     1 - 5
Years		     Greater
Than
5  Years		     Total
Corporate
Lending
Exposure
(1) 		    Corporate
Lending
Exposure at
Fair Value
(2)		     Corporate
Lending
Commitments
(3)		  

A

   $ 30.0     $ —     $ —     $ 30.0     $ 2.9     $ 27.1  

BBB

     23.0       —       —       23.0       13.0       10.0  

Non-investment grade

     73.6       46.0       —       119.6       32.2       87.4  

Unrated

     —       684.6       —       684.6       167.2       517.4  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 126.6     $ 730.6     $ —     $ 857.2     $ 215.3     $ 641.9  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Total corporate lending exposure represents the potential loss assuming the fair value of funded loans and lending commitments were zero.

 

(2) The corporate lending exposure carried at fair value includes $215.3 million of funded loans included in Financial instruments owned — Loans and a $1.8 million credit related to lending commitments recorded in Financial instruments sold — Derivatives in the Consolidated Statement of Financial Condition as of February 29, 2012.

 

(3) Amounts represent the notional amount of lending commitments less the amount of funded commitments reflected in the Consolidated Statements of Financial Condition.
Summary of the notional amounts associated with derivative contracts
                                                 
    Expected Maturity Date        

Guarantee Type

   2012     2013     2014
and
2015		     2016
and
2017		     2018
and
Later		     Notional/
Maximum
Payout		  

Derivative contracts — non-credit related

   $ 25,026.8     $ 3,040.8     $ 46,828.4     $ —     $ —     $ 74,896.0  

Derivative contracts — credit related

     —       —       5.0       350.1       44.6       399.7  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total derivative contracts

   $ 25,026.8     $ 3,040.8     $ 46,833.4     $ 350.1     $ 44.6     $ 75,295.7  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
External credit ratings of the underlying or referenced assets for credit related derivatives contracts
                                                 
    External Credit Rating        
    AAA/
Aaa		     AA/
Aa		     A     Below
Investment
Grade		     Unrated     Notional/
Maximum
Payout		  

Credit related derivative contracts:

                                                

Index credit default swaps

   $ 19.6     $ 10.0     $ 315.0     $ 14.8     $ 40.3     $ 399.7