Short-Term Borrowings (Tables)

12 Months Ended

Nov. 30, 2019

Debt Disclosure [Abstract]

Schedule of Short-term Debt

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

	November 30, 2019		November 30, 2018
Bank loans (1)	$	527,509	$	330,942
Floating rate puttable notes (1)	—		56,550
Equity-linked notes	20,981		—
Total short-term borrowings	$	548,490	$	387,492

(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.