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Commitments, Contingencies and Guarantees (Tables)
 6 Months Ended
May 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Commitments and Contingencies
The following table summarizes our commitments at May 31, 2023 (in millions):
Expected Maturity Date (Fiscal Years)
202320242025 
and 
2026		2027 
and 
2028		2029 
and 
Later		Maximum Payout
Equity commitments (1)
$13.1 $16.8 $84.2 $2.7 $205.1 $321.9 
Loan commitments (1)
2.5 250.0 70.0 7.6 — 330.1 
Loans purchase commitments (2)2,239.7 — — — — 2,239.7 
Underwriting commitments
22.3 — — — — 22.3 
Forward starting reverse repos (3)5,287.2 — — — — 5,287.2 
Forward starting repos (3)4,025.5 — — — — 4,025.5 
Other unfunded commitments (1)
66.9 119.1 506.4 — — 692.4 
Total commitments$11,657.2 $385.9 $660.6 $10.3 $205.1 $12,919.1 
(1)Equity, loan and other unfunded commitments are presented by contractual maturity date. The amounts, however, are available on demand.
(2)Loan purchase commitments consist of unfunded commitments to acquire secondary market loans. For the population of loans to be acquired under the loan purchase commitments, at May 31, 2023, Jefferies had also entered into back-to-back committed sale contracts aggregating to $2.47 billion.
(3)At May 31, 2023, all forward starting securities purchased under agreements to resell and forward starting securities sold under agreements to repurchase settled within three business days.
Schedule of Guarantees
The following table summarizes the notional amounts associated with our derivative contracts meeting the definition of a guarantee under U.S. GAAP at May 31, 2023 (in millions):
Expected Maturity Date (Fiscal Years)
202320242025 
and 
2026		2027 
and 
2028		2029 
and 
Later		Notional/ Maximum Payout
Guarantee Type:
Derivative contracts—non-credit related$10,044.5 $7,224.5 $21,108.2 $1,460.6 $— $39,837.8 
Written derivative contracts—credit related— 0.2 — — — 0.2 
Total derivative contracts$10,044.5 $7,224.7 $21,108.2 $1,460.6 $— $39,838.0