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PRINCIPAL TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2020
Principal Transactions Revenue, Net [Abstract]  
Principal transactions revenue
The following table presents Principal transactions
revenue:
Three Months Ended June 30,Six Months Ended June 30,
In millions of dollars2020201920202019
Interest rate risks(1)
$1,843  $1,320  $3,820  $3,038  
Foreign exchange risks(2)
1,114  427  2,109  900  
Equity risks(3)
102  (1) 921  455  
Commodity and other risks(4)
370  89  697  208  
Credit products and risks(5)
728  39  1,871  77  
Total$4,157  $1,874  $9,418  $4,678  
(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.