Short-Term Borrowings (Tables)

3 Months Ended

Feb. 29, 2020

Debt Disclosure [Abstract]

Schedule Of Short-Term Borrowings

Our short-term borrowings, which mature in one year or less, are as follows (in thousands):

	February 29, 2020		November 30, 2019
Bank loans (1)	$	602,992	$	527,509
Equity-linked notes	20,164		20,981
Total short-term borrowings	$	623,156	$	548,490

(1)

These short-term borrowings are recorded at cost in the Consolidated Statements of Financial Condition, which is a reasonable approximation of their fair values due to their liquid and short-term nature.