PRINCIPAL TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2018

Principal Transactions Revenue, Net [Abstract]

Principal transactions revenue

The following table presents Principaltransactions revenue:

In millions of dollars	2018		2017		2016
Interest rate risks(1)	$	5,186	$	5,301	$	4,229
Foreign exchange risks(2)	1,423		2,435		1,699
Equity risks(3)	1,346		525		330
Commodity and other risks(4)	662		425		899
Credit products and risks(5)	445		789		700
Total	$	9,062	$	9,475	$	7,857

(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 foreign currency translation (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.