XML 133 R14.htm IDEA: XBRL DOCUMENT v3.3.0.814
PRINCIPAL TRANSACTIONS
 9 Months Ended
Sep. 30, 2015
Principal Transactions Revenue, Net [Abstract]  
PRINCIPAL TRANSACTIONS
PRINCIPAL TRANSACTIONS
Principal transactions revenue consists of realized and unrealized gains and losses from trading activities. Trading activities include revenues from fixed income, equities, credit and commodities products and foreign exchange transactions. Not included in the table below is the impact of net interest revenue related to trading activities, which is an integral part of trading activities’ profitability. See Note 4 to the Consolidated Financial Statements for information about net interest revenue related to trading activities. Principal transactions include CVA (credit valuation adjustments on derivatives), FVA (funding valuation adjustments) on over-the-counter derivatives and DVA (debt valuation adjustments on issued liabilities for which the fair value option has been elected), which adjustments are discussed further in Note 22 to the Consolidated Financial Statements.
The following table presents principal transactions revenue for the three and nine months ended September 30:
 
Three Months Ended September 30,
Nine Months Ended September 30,
In millions of dollars
2015
2014
2015
2014
Global Consumer Banking
$
161

$
199

$
491

$
541

Institutional Clients Group
1,209

1,396

5,205

5,577

Corporate/Other
(26
)
(223
)
(266
)
(203
)
Subtotal Citicorp
$
1,344

$
1,372

$
5,430

$
5,915

Citi Holdings
(17
)
177

41

365

Total Citigroup
$
1,327

$
1,549

$
5,471

$
6,280

Interest rate contracts(1)
$
907

$
911

$
3,497

$
3,240

Foreign exchange contracts(2)
432

464

1,236

1,637

Equity contracts(3)
(183
)
(9
)
(254
)
37

Commodity and other contracts(4)
180

164

614

486

Credit products and derivatives(5)
(9
)
19

378

880

Total
$
1,327

$
1,549

$
5,471

$
6,280

(1)
Includes revenues from government securities and corporate debt, municipal securities, mortgage securities and other debt instruments. Also includes spot and forward trading of currencies and exchange-traded and over-the-counter (OTC) currency options, options on fixed income securities, interest rate swaps, currency swaps, swap options, caps and floors, financial futures, OTC options and forward contracts on fixed income securities.
(2)
Includes revenues from foreign exchange spot, forward, option and swap contracts, as well as FX translation gains and losses.
(3)
Includes revenues from common, preferred and convertible preferred stock, convertible corporate debt, equity-linked notes and exchange-traded and OTC equity options and warrants.
(4)
Primarily includes revenues from crude oil, refined oil products, natural gas and other commodities trades.
(5)
Includes revenues from structured credit products.