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Fair Value Measurements (Schedule Of Fair Value Hierarchy Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Detail) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund $ 580 [1] $ 557 [2]
Assets fair value 601 [3] 575 [4]
Excluded receivables, payables, and accrued income, net 2 (1)
Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 580 [1] 557 [2]
Assets fair value 596 [3] 574 [4]
Excluded receivables, payables, and accrued income, net 2 (1)
Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 21 [3] 18 [4]
Derivative liabilities 214 [3] 264 [4]
Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 16 [3] 17 [4]
Derivative liabilities 28 [3] 44 [4]
Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 5 1
Derivative liabilities 186 [3] 220 [4]
Cash and cash equivalents    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 1 4
Cash and cash equivalents | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 1 4
Equity Securities | U.S. large capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 378 364
Equity Securities | U.S. large capitalization | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 378 364
Debt Securities | Corporate bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 56 58
Debt Securities | Corporate bonds | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 56 58
Debt Securities | US treasury and government securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 129 109
Debt Securities | US treasury and government securities | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 129 109
Debt Securities | Other Debt Securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 16 22
Debt Securities | Other Debt Securities | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 16 22
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 379 368
Assets fair value 380 [3] 368 [4]
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 379 368
Assets fair value 379 [3] 368 [4]
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 [3] 0 [4]
Derivative liabilities 14 [3] 30 [4]
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 [3] 0 [4]
Derivative liabilities 14 [3] 29 [4]
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 1
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Cash and cash equivalents    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 1 4
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Cash and cash equivalents | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 1 4
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Equity Securities | U.S. large capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 378 364
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Equity Securities | U.S. large capitalization | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 378 364
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Debt Securities | Corporate bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Debt Securities | Corporate bonds | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Debt Securities | US treasury and government securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Debt Securities | US treasury and government securities | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Debt Securities | Other Debt Securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Debt Securities | Other Debt Securities | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 201 189
Assets fair value 206 [3] 190 [4]
Significant Other Observable Inputs (Level 2) | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 201 189
Assets fair value 202 [3] 189 [4]
Significant Other Observable Inputs (Level 2) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 5 [3] 1 [4]
Derivative liabilities 25 [3] 62 [4]
Significant Other Observable Inputs (Level 2) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 [3] 0 [4]
Derivative liabilities 9 [3] 13 [4]
Significant Other Observable Inputs (Level 2) | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 16 [3] 49 [4]
Significant Other Observable Inputs (Level 2) | Cash and cash equivalents    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Observable Inputs (Level 2) | Cash and cash equivalents | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Observable Inputs (Level 2) | Equity Securities | U.S. large capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Observable Inputs (Level 2) | Equity Securities | U.S. large capitalization | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Observable Inputs (Level 2) | Debt Securities | Corporate bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 56 58
Significant Other Observable Inputs (Level 2) | Debt Securities | Corporate bonds | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 56 58
Significant Other Observable Inputs (Level 2) | Debt Securities | US treasury and government securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 129 109
Significant Other Observable Inputs (Level 2) | Debt Securities | US treasury and government securities | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 129 109
Significant Other Observable Inputs (Level 2) | Debt Securities | Other Debt Securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 16 22
Significant Other Observable Inputs (Level 2) | Debt Securities | Other Debt Securities | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 16 22
Significant Other Unobservable Inputs (Level 3)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Assets fair value 15 [3] 17 [4]
Significant Other Unobservable Inputs (Level 3) | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Assets fair value 15 [3] 17 [4]
Significant Other Unobservable Inputs (Level 3) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 15 [3] 17 [4]
Derivative liabilities 175 [3] 172 [4]
Significant Other Unobservable Inputs (Level 3) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 15 [3] 17 [4]
Derivative liabilities 5 [3] 2 [4]
Significant Other Unobservable Inputs (Level 3) | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 170 [3] 170 [4]
Significant Other Unobservable Inputs (Level 3) | Cash and cash equivalents    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Unobservable Inputs (Level 3) | Cash and cash equivalents | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Unobservable Inputs (Level 3) | Equity Securities | U.S. large capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Unobservable Inputs (Level 3) | Equity Securities | U.S. large capitalization | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Unobservable Inputs (Level 3) | Debt Securities | Corporate bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Unobservable Inputs (Level 3) | Debt Securities | Corporate bonds | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Unobservable Inputs (Level 3) | Debt Securities | US treasury and government securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Unobservable Inputs (Level 3) | Debt Securities | US treasury and government securities | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Unobservable Inputs (Level 3) | Debt Securities | Other Debt Securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Significant Other Unobservable Inputs (Level 3) | Debt Securities | Other Debt Securities | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Uranium | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 4 [3] 1 [4]
Uranium | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 4 [3] 1 [4]
Uranium | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0 [4]
Uranium | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0 [4]
Uranium | Significant Other Observable Inputs (Level 2) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0 [4]
Uranium | Significant Other Observable Inputs (Level 2) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0 [4]
Uranium | Significant Other Unobservable Inputs (Level 3) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 4 [3] 1 [4]
Uranium | Significant Other Unobservable Inputs (Level 3) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 4 [3] 1 [4]
Fuel Oils | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 14 [3] 29 [4]
Fuel Oils | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 14 [3] 29 [4]
Fuel Oils | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 14 [3] 29 [4]
Fuel Oils | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 14 [3] 29 [4]
Fuel Oils | Significant Other Observable Inputs (Level 2) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0 [4]
Fuel Oils | Significant Other Observable Inputs (Level 2) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0 [4]
Fuel Oils | Significant Other Unobservable Inputs (Level 3) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0 [4]
Fuel Oils | Significant Other Unobservable Inputs (Level 3) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0 [4]
Power | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 15 [3] 16 [4]
Derivative liabilities 170 [3] 170 [4]
Power | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 15 [3] 16 [4]
Derivative liabilities [3] 1  
Power | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 169 [3] 170 [4]
Power | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 [3] 0 [4]
Derivative liabilities 0 [3] 0 [4]
Power | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 [3] 0 [4]
Derivative liabilities [3] 0  
Power | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0 [4]
Power | Significant Other Observable Inputs (Level 2) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 [3] 0 [4]
Derivative liabilities 0 [3] 0 [4]
Power | Significant Other Observable Inputs (Level 2) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 [3] 0 [4]
Derivative liabilities [3] 0  
Power | Significant Other Observable Inputs (Level 2) | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 [3] 0
Power | Significant Other Unobservable Inputs (Level 3) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 15 [3] 16 [4]
Derivative liabilities 170 [3] 170 [4]
Power | Significant Other Unobservable Inputs (Level 3) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 15 [3] 16 [4]
Derivative liabilities [3] 1  
Power | Significant Other Unobservable Inputs (Level 3) | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 169 [3] 170 [4]
Natural Gas | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 6 [3] 2 [4]
Derivative liabilities 26 [3] 64 [4]
Natural Gas | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 [3] 1 [4]
Derivative liabilities 9 [3] 14 [4]
Natural Gas | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 5 [3] 1 [4]
Derivative liabilities 17 [3] 50 [4]
Natural Gas | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 [3] 0 [4]
Derivative liabilities 0 [3] 1 [4]
Natural Gas | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 [3] 0 [4]
Derivative liabilities 0 [3] 0 [4]
Natural Gas | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 [3] 0 [4]
Derivative liabilities 0 [3] 1 [4]
Natural Gas | Significant Other Observable Inputs (Level 2) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 5 [3] 1 [4]
Derivative liabilities 25 [3] 62 [4]
Natural Gas | Significant Other Observable Inputs (Level 2) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 [3] 0 [4]
Derivative liabilities 9 [3] 13 [4]
Natural Gas | Significant Other Observable Inputs (Level 2) | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 4 [3] 1 [4]
Derivative liabilities 16 [3] 49 [4]
Natural Gas | Significant Other Unobservable Inputs (Level 3) | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 [3] 1 [4]
Derivative liabilities 1 [3] 1 [4]
Natural Gas | Significant Other Unobservable Inputs (Level 3) | Commodity Contract | Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 [3] 1 [4]
Derivative liabilities 0 [3] 1 [4]
Natural Gas | Significant Other Unobservable Inputs (Level 3) | Commodity Contract | Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 [3] 0 [4]
Derivative liabilities $ 1 [3] $ 0 [4]
[1] Balance excludes $2 million of receivables, payables, and accrued income, net.
[2] Balance excludes $(1) million of receivables, payables, and accrued income, net.
[3] The derivative asset and liability balances are presented net of counterparty credit considerations.
[4] The derivative asset and liability balances are presented net of counterparty credit considerations.