OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

OTHER CURRENT ASSETS

Schedule of other current assets

(US$ in millions)	December 31, 2016		December 31, 2015
Unrealized gains on derivative contracts, at fair value	$	1,327	$	1,456
Prepaid commodity purchase contracts(1)		273		287
Secured advances to suppliers, net(2)		601		521
Recoverable taxes, net		467		364
Margin deposits		251		467
Marketable securities, at fair value and other short-term investments		94		234
Deferred purchase price receivable, at fair value(3)		87		79
Prepaid expenses		148		132
Other		397		359
Total	$	3,645	$	3,899

(1)

Prepaid commodity purchase contracts represent advance payments against contracts for future delivery of specified quantities of agricultural commodities.

(2)

Bunge provides cash advances to suppliers, primarily Brazilian farmers of soybeans and sugarcane, to finance a portion of the suppliers' production costs. Bunge does not bear any of the costs or operational risks associated with the related growing crops. The advances are largely collateralized by future crops and physical assets of the suppliers, carry a local market interest rate and settle when the farmer's crop is harvested and sold. The secured advances to farmers are reported net of allowances of $1 million and $2 million at December 31, 2016 and December 31, 2015, respectively. There were no significant changes in the allowance for 2016 and 2015, respectively.

Interest earned on secured advances to suppliers of $38 million, $38 million and $37 million, respectively, for the years ended December 31, 2016, 2015 and 2014, respectively, is included in net sales in the consolidated statements of income.

(3) Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge's accounts receivables sales program (see Note 17).

Summary of marketable securities and other short-term investments

(US$ in millions)	December 31, 2016		December 31, 2015
Foreign government securities	$	28	$	61
Corporate debt securities		57		92
Certificate of deposits/time deposits		7		55
Other		2		26
Total marketable securities and other short-term investments	$	94	$	234