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Commitments, Contingencies and Guarantees (Tables)
 9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
The following table summarizes commitments associated with certain business activities (in millions):
 
Expected Maturity Date
 
 
 
2018
 
2019
 
2020
and
2021
 
2022
and
2023
 
2024
and
Later
 
Maximum
Payout 
Equity commitments (1)
$
280.0

 
$
56.9

 
$
31.7

 
$
—

 
$
9.8

 
$
378.4

Loan commitments (1)
—

 
250.0

 
54.4

 
32.5

 
—

 
336.9

Underwriting commitments
411.0

 
—

 
—

 
—

 
—

 
411.0

Forward starting reverse repos (2)
3,159.4

 
—

 
—

 
—

 
—

 
3,159.4

Forward starting repos (2)
2,057.8

 
—

 
—

 
—

 
—

 
2,057.8

Other unfunded commitments (1)
60.0

 
148.7

 
42.3

 
—

 
4.9

 
255.9

 
$
5,968.2


$
455.6


$
128.4


$
32.5


$
14.7


$
6,599.4


(1)
Equity commitments, loan commitments and other unfunded commitments are presented by contractual maturity date. The amounts are however mostly available on demand.
(2)
At September 30, 2018, $3,141.9 million of the forward starting securities purchased under agreements to resell and all of the securities sold under agreements to repurchase settled within three business days.
Guarantees
The following table summarizes the notional amounts associated with Jefferies Group derivative contracts meeting the definition of a guarantee under GAAP as of September 30, 2018 (in millions):
 
Expected Maturity Date
 
 
Guarantee Type
2018
 
2019
 
2020
and
2021
 
2022
and
2023
 
2024
and
Later
 
Notional/
Maximum
Payout
Derivative contracts – non-credit related
$
10,898.5

 
$
5,978.6

 
$
2,948.5

 
$
1,015.0

 
$
454.6

 
$
21,295.2

Written derivative contracts – credit related
—

 
—

 
36.4

 
33.8

 
—

 
70.2

Total derivative contracts
$
10,898.5


$
5,978.6


$
2,984.9


$
1,048.8


$
454.6


$
21,365.4