Settlement Assets and Obligations and Non-Settlement Related Investments (Tables)

9 Months Ended

Sep. 30, 2015

Settlement assets and obligations consisted of the following (in millions):



	September 30, 2015		December 31, 2014
Settlement assets:
Cash and cash equivalents	$	997.5	$	834.3
Receivables from selling agents and Business Solutions customers	1,114.8		1,006.9
Investment securities	1,257.6		1,472.5
	$	3,369.9	$	3,313.7
Settlement obligations:
Money transfer, money order and payment service payables	$	2,457.8	$	2,356.7
Payables to agents	912.1		957.0
	$	3,369.9	$	3,313.7

The components of investment securities are as follows (in millions):



September 30, 2015	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses			Net Unrealized Gains/(Losses)
Settlement assets:
State and municipal debt securities (a)	$	1,124.4	$	1,134.9	$	13.1	$	(2.6	)	$	10.5
State and municipal variable rate demand notes	64.2		64.2		—		—			—
Corporate and other debt securities	58.5		58.5		—		—			—
	$	1,247.1	$	1,257.6	$	13.1	$	(2.6	)	$	10.5
Other assets:
Time deposit	100.0		100.0		—		—			—
	$	1,347.1	$	1,357.6	$	13.1	$	(2.6	)	$	10.5



December 31, 2014	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses			Net Unrealized Gains/(Losses)
Settlement assets:
State and municipal debt securities (a)	$	1,024.2	$	1,038.1	$	15.1	$	(1.2	)	$	13.9
State and municipal variable rate demand notes	316.8		316.8		—		—			—
Corporate and other debt securities	70.5		70.5		0.1		(0.1		)	—
Short-term state and municipal bond mutual fund	47.1		47.1		—		—			—
	$	1,458.6	$	1,472.5	$	15.2	$	(1.3	)	$	13.9

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(a)	The majority of these securities are fixed-rate instruments.

The following summarizes the contractual maturities of settlement-related debt securities as of September 30, 2015 (in millions):



	Fair Value
Due within 1 year	$	177.8
Due after 1 year through 5 years	535.9
Due after 5 years through 10 years	475.0
Due after 10 years	68.9
	$	1,257.6