Short-Term Borrowings (Tables)

9 Months Ended

Aug. 31, 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):

	August 31, 2020		November 30, 2019
Bank loans (1)	$	776,752	$	527,509
Floating rate puttable notes (1)	6,800		—
Equity-linked notes (2)	21,829		20,981
Total short-term borrowings	$	805,381	$	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.

(2)    See Note 3 for further information on these notes.