Commitments, Contingencies and Guarantees (Tables)

9 Months Ended

Aug. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commitments

The following table summarizes commitments associated with certain business activities at August 31, 2020 (in millions):

	Expected Maturity Date
	2020		2021		2022 and 2023		2024 and 2025		2026 and Later		Maximum Payout
Equity commitments (1)	$	59.3	$	161.9	$	78.3	$	11.1	$	12.2	$	322.8
Loan commitments (1)	—		296.0		35.0		—		—		331.0
Underwriting commitments	64.0		—		—		—		—		64.0
Forward starting reverse repos (2)	6,184.5		—		—		—		—		6,184.5
Forward starting repos (2)	3,870.8		100.0		—		—		—		3,970.8
Other unfunded commitments (1)	—		136.4		—		5.1		—		141.5
	$	10,178.6	$	694.3	$	113.3	$	16.2	$	12.2	$	11,014.6

(1)Equity commitments, loan commitments and other unfunded commitments are generally presented by contractual maturity date. The amounts are however mostly available on demand.

(2)At August 31, 2020, $6,183.8 million within forward starting securities purchased under agreements to resell and $3,670.6 million within forward starting securities sold under agreements to repurchase settled within three business days.

Schedule of Notional Amounts Associated with Derivative Contracts Meeting Definition of Guarantee

The following table summarizes the notional amounts associated with our derivative contracts meeting the definition of a guarantee under GAAP at August 31, 2020 (in millions):

	Expected Maturity Date
Guarantee Type	2020		2021		2022 and 2023		2024 and 2025		2026 and Later		Notional/ Maximum Payout
Derivative contracts – non-credit related	$	6,295.6	$	4,149.9	$	6,458.1	$	1,345.6	$	52.0	$	18,301.2
Written derivative contracts – credit related	—		—		1.0		5.4		—		6.4
Total derivative contracts	$	6,295.6	$	4,149.9	$	6,459.1	$	1,351.0	$	52.0	$	18,307.6