XML 84 R80.htm IDEA: XBRL DOCUMENT v2.4.0.8
Financial Guaranty Contracts Accounted for as Credit Derivatives - Net Change in Unrealized Gains (Losses) on Credit Derivatives By Sector (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Credit Derivatives        
Net unrealized gains (losses) $ 269 [1] $ 330 [1] $ 127 [1] $ (120) [1]
Net change in fair value of credit derivatives 255 354 147 (164)
Film securitization
       
Credit Derivatives        
Net unrealized gains (losses)   (127)    
Payments from termination of financial guaranty contracts accounted for as credit derivatives   120    
Net change in fair value of credit derivatives   (7)    
Pooled corporate
       
Credit Derivatives        
Net unrealized gains (losses) 4 96 10 (43)
U.S. RMBS
       
Credit Derivatives        
Net unrealized gains (losses) 252 195 117 (248)
CMBS
       
Credit Derivatives        
Net unrealized gains (losses) 0 3 2 (1)
Other
       
Credit Derivatives        
Net unrealized gains (losses) $ 13 [2] $ 36 [2] $ (2) [2] $ 172 [2]
[1] Except for net estimated credit impairments (i.e., net expected loss to be paid as discussed in Note 5), the unrealized gains and losses on credit derivatives are expected to reduce to zero as the exposure approaches its maturity date. With considerable volatility continuing in the market, unrealized gains (losses) on credit derivatives may fluctuate significantly in future periods.
[2] “Other” includes all other U.S. and international asset classes, such as commercial receivables, international infrastructure, international RMBS securities, and pooled infrastructure securities.