Cash, Cash Equivalents and Short-Term Investments

9 Months Ended

Aug. 31, 2013

Cash And Cash Equivalents [Abstract]

Cash, Cash Equivalents and Short-Term Investments

Note 6. Cash, Cash Equivalents and Short-Term Investments

We generally invest our excess cash in money market funds and other short-term instruments. Cash equivalents include highly liquid investments not held for resale and with original maturities of three months or less. The following are financial instruments classified as cash and cash equivalents that are deemed by us to be generally readily convertible into cash as of August 31, 2013 and November 30, 2012 (in thousands):

	Successor		Predecessor
	August 31, 2013		November 30, 2012
Cash and cash equivalents:
Cash in banks	$	938,881	$	1,038,664
Money market investments		3,180,215		1,653,931
Total cash and cash equivalents	$	4,119,096	$	2,692,595
Cash and securities segregated (1)	$	3,457,926	$	4,082,595

(1) Consists of deposits at exchanges and clearing organizations, as well as deposits in accordance with Rule 15c3-3 of the Securities Exchange Act of 1934, which subjects Jefferies as a broker-dealer carrying client accounts to requirements related to maintaining cash or qualified securities in a segregated reserve account for the exclusive benefit of its clients, and Jefferies Bache, LLC which, as a futures commission merchant, is subject to the segregation requirements pursuant to the Commodity Exchange Act.