Short-Term Borrowings (Tables)

6 Months Ended

May 31, 2021

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings

Short-term borrowings at May 31, 2021 and November 30, 2020 mature in one year or less and include the following (in thousands):

	May 31, 2021		November 30, 2020
Bank loans (1)	$	469,034	$	752,848
Floating rate puttable notes (1)	6,800		6,800
Equity-linked notes (2)	—		5,067
Total short-term borrowings	$	475,834	$	764,715

(1)These Short-term borrowings are recorded at cost in our 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 4, Fair Value Disclosures, for further information on these notes.