XML 65 R54.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Disclosures (Schedule of Assets and Liabilities Measured on Recurring Basis at Fair Value) (Details) - USD ($)
$ in Thousands
May 31, 2020
Nov. 30, 2019
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV $ 17,629,541 $ 16,308,807
Counterparty and cash collateral netting, assets (1,528,340) (1,433,197)
Securities purchased under agreements to resell   25,000
Securities received as collateral, at fair value 9,909 9,500
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 9,646,023 10,532,460
Counterparty and Cash Collateral Netting, liabilities (1,682,883) (1,632,178)
Short-term borrowings 15,671 20,981
Long-term debt 1,245,486 1,215,285
Obligation to return securities received as collateral, at fair value 9,909 9,500
Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 6,483,545 5,941,623
Securities purchased under agreements to resell   0
Securities received as collateral, at fair value 9,909 9,500
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 5,046,211 5,971,928
Short-term borrowings 0 0
Long-term debt 0 0
Obligation to return securities received as collateral, at fair value 9,909 9,500
Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 12,056,349 11,245,763
Securities purchased under agreements to resell   0
Securities received as collateral, at fair value 0 0
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 6,179,273 6,086,328
Short-term borrowings 15,671 20,981
Long-term debt 748,446 735,216
Obligation to return securities received as collateral, at fair value 0 0
Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 617,987 554,618
Securities purchased under agreements to resell   25,000
Securities received as collateral, at fair value 0 0
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 103,422 106,382
Short-term borrowings 0 0
Long-term debt 497,040 480,069
Obligation to return securities received as collateral, at fair value 0 0
Fair value measured at NAV    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Alternative investments 912,936 586,934
Corporate equity securities    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 2,724,291 2,783,993
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 1,778,244 2,767,526
Obligation to return securities received as collateral, at fair value 0 0
Corporate equity securities | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 2,586,764 2,507,164
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 1,772,771 2,755,601
Corporate equity securities | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 61,387 218,403
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 1,283 7,438
Corporate equity securities | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 76,140 58,426
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 4,190 4,487
Corporate debt securities    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 3,004,979 2,479,735
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 1,491,252 1,471,482
Obligation to return securities received as collateral, at fair value 0 0
Corporate debt securities | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 0 0
Corporate debt securities | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 2,979,801 2,472,245
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 1,491,089 1,471,142
Corporate debt securities | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 25,178 7,490
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 163 340
Collateralized debt obligations and collateralized loan obligations    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 100,299 153,013
Collateralized debt obligations and collateralized loan obligations | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Collateralized debt obligations and collateralized loan obligations | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 68,748 124,225
Collateralized debt obligations and collateralized loan obligations | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 31,551 28,788
U.S. government and federal agency securities    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 1,880,603 2,260,242
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 2,140,501 1,851,981
U.S. government and federal agency securities | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 1,808,192 2,101,624
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 2,140,501 1,851,981
U.S. government and federal agency securities | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 72,411 158,618
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 0 0
U.S. government and federal agency securities | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 0 0
Municipal securities    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 462,420 742,326
Liabilities:    
Obligation to return securities received as collateral, at fair value 0 0
Municipal securities | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Municipal securities | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 462,420 742,326
Municipal securities | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Sovereign obligations    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 3,395,410 2,735,853
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 2,010,721 2,304,540
Obligation to return securities received as collateral, at fair value 0 0
Sovereign obligations | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 2,088,074 1,330,026
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 1,132,662 1,363,475
Sovereign obligations | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 1,307,336 1,405,827
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 878,059 941,065
Sovereign obligations | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 0 0
Residential mortgage-backed securities    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 1,710,718 1,086,806
Residential mortgage-backed securities | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Residential mortgage-backed securities | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 1,688,379 1,069,066
Residential mortgage-backed securities | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 22,339 17,740
Commercial mortgage-backed securities    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 359,622 430,170
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 140 35
Commercial mortgage-backed securities | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 0 0
Commercial mortgage-backed securities | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 355,161 424,060
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 0 0
Commercial mortgage-backed securities | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 4,461 6,110
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 140 35
Other asset-backed securities    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 378,220 346,410
Other asset-backed securities | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Other asset-backed securities | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 292,158 303,847
Other asset-backed securities | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 86,062 42,563
Loans and other receivables    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 2,692,523 2,574,631
Liabilities:    
Obligation to return securities received as collateral, at fair value 0 0
Loans and other receivables | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Loans and other receivables | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 2,571,394 2,460,551
Loans and other receivables | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 121,129 114,080
Derivatives, assets    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 640,593 418,408
Derivatives, assets | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 515 2,809
Derivatives, assets | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 2,125,294 1,833,907
Derivatives, assets | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 43,124 14,889
Investments at fair value    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 226,098 238,100
Investments at fair value | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
Investments at fair value | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 71,860 32,688
Investments at fair value | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 154,238 205,412
FXCM term loan    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 53,765 59,120
FXCM term loan | Level 1    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
FXCM term loan | Level 2    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 0 0
FXCM term loan | Level 3    
Assets:    
Financial instruments owned, at fair value, excluding investments at fair value based on NAV 53,765 59,120
Loans    
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 1,807,265 1,609,691
Loans | Level 1    
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 0 0
Loans | Level 2    
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 1,796,591 1,600,228
Loans | Level 3    
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 10,674 9,463
Derivatives, liabilities    
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 417,900 527,205
Derivatives, liabilities | Level 1    
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 277 871
Derivatives, liabilities | Level 2    
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: 2,012,251 2,066,455
Derivatives, liabilities | Level 3    
Liabilities:    
Financial instruments sold, not yet purchased, at fair value: $ 88,255 $ 92,057