DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional and Fair Value Amounts of Asset and Liability Derivatives, by Balance Sheet Location

See the table below for the notional and fair value amounts of both the asset and liability derivatives.



	Asset derivatives
	March 31, 2015					September 30, 2014
	Balance sheet location	Notional amount		Fair value⁽¹⁾		Balance sheet location	Notional amount		Fair value⁽¹⁾
	(in thousands)
Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Prepaid expenses and other assets	$	553,766	$	6,794	Prepaid expenses and other assets	$	609,018	$	2,101
Derivatives not designated as hedging instruments:
Interest rate contracts ⁽²⁾	Trading instruments	$	2,510,991	$	121,414	Trading instruments	$	2,198,357	$	89,923
Interest rate contracts ⁽³⁾	Derivative instruments associated with offsetting matched book positions	$	1,766,733	$	421,850	Derivative instruments associated with offsetting matched book positions	$	1,796,288	$	323,337
Forward foreign exchange contracts	Prepaid expenses and other assets	$	98,531	$	1,206	Prepaid expenses and other assets	$	105,179	$	361



	Liability derivatives
	March 31, 2015					September 30, 2014
	Balance sheet location	Notional amount		Fair value⁽¹⁾		Balance sheet location	Notional amount		Fair value⁽¹⁾
	(in thousands)
Derivatives designated as hedging instruments:
Interest rate contracts ⁽⁴⁾	Trade and other payables	$	200,000	$	2,481	Trade and other payables	$	—	$	—
Derivatives not designated as hedging instruments:
Interest rate contracts ⁽²⁾	Trading instruments sold	$	2,497,071	$	105,050	Trading instruments sold	$	2,185,085	$	75,668
Interest rate contracts ⁽³⁾	Derivative instruments associated with offsetting matched book positions	$	1,766,733	$	421,850	Derivative instruments associated with offsetting matched book positions	$	1,796,288	$	323,337


(1)	The fair value in this table is presented on a gross basis before netting of cash collateral and before any netting by counterparty according to our legally enforceable master netting arrangements. The fair value in the Condensed Consolidated Statements of Financial Condition is presented net. See Note 13 for additional information regarding offsetting asset and liability balances.


(2)	These contracts arise from our OTC Derivatives Operations.


(3)	These contracts arise from our Offsetting Matched Book Derivatives Operations.


(4)	These contracts are associated with our RJ Bank Interest Hedges activities.

Amount of Gain (Loss) on Derivatives Recognized in Income

The table below sets forth the impact of the derivatives not designated as hedging instruments on the Condensed Consolidated Statements of Income and Comprehensive Income:



	Location of gain (loss) recognized on derivatives in the Condensed Consolidated Statements of Income and Comprehensive Income	Amount of gain (loss) on derivatives recognized in income
		Three months ended March 31,					Six months ended March 31,
		2015		2014			2015		2014
		(in thousands)
Derivatives not designated as hedging instruments:
Interest rate contracts ⁽¹⁾	Net trading profit	$	2,403	$	(70	)	$	2,280	$	579
Interest rate contracts ⁽²⁾	Other revenues	$	44	$	651		$	66	$	671
Forward foreign exchange contracts	Other revenues	$	8,683	$	2,530		$	12,305	$	4,811


(1)	These contracts arise from our OTC Derivatives Operations.


(2)	These contracts arise from our Offsetting Matched Book Derivatives Operations.