XML 55 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
PRINCIPAL TRANSACTIONS
 12 Months Ended
Dec. 31, 2017
Principal Transactions Revenue, Net [Abstract]  
PRINCIPAL TRANSACTIONS
PRINCIPAL TRANSACTIONS
Citi’s 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 that are managed on a portfolio basis characterized by primary risk. 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. For additional information regarding Principal transactions revenue, 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, prior to 2016, DVA (debt valuation adjustments on issued liabilities for which the fair value option has been elected). These adjustments are discussed further in Note 24 to the Consolidated Financial Statements.
The following table presents Principal transactions revenue:
In millions of dollars
2017
2016
2015
Global Consumer Banking(1)
$
570

$
629

$
577

Institutional Clients Group
7,740

7,335

5,824

Corporate/Other(1)
858

(379
)
(393
)
Total Citigroup
$
9,168

$
7,585

$
6,008

Interest rate risks(2)
$
5,124

$
4,115

$
3,798

Foreign exchange risks(3)
2,488

1,726

1,532

Equity risks(4)
491

189

331

Commodity and other risks(5)
294

806

750

Credit products and risks(6)
771

749

(403
)
Total
$
9,168

$
7,585

$
6,008

(1) Primarily relates to foreign exchange risks.
(2)
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.
(3)
Includes revenues from foreign exchange spot, forward, option and swap contracts, as well as foreign currency translation (FX translation) gains and losses.
(4)
Includes revenues from common, preferred and convertible preferred stock, convertible corporate debt, equity-linked notes and exchange-traded and OTC equity options and warrants.
(5)
Primarily includes revenues from crude oil, refined oil products, natural gas and other commodities trades.
(6)
Includes revenues from structured credit products.