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Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Due to affiliates consists of the following:
 
June 30, 2016
 
December 31, 2015
 
(in millions)
HSBC Private Banking Holdings (Suisse) S.A. and subsidiaries
$
—

 
$
500

HSBC USA Inc.
3,012

 
3,012

HSBC Holdings plc (includes $484 million and $496 million at June 30, 2016 and December 31, 2015 carried at fair value, respectively)
800

 
813

HSBC North America Holdings Inc.
1,600

 
1,600

Due to affiliates
$
5,412

 
$
5,925

The following tables and discussions below present the more significant related party balances and the income (expense) generated by related party transactions for continuing operations:
 
June 30, 2016
 
December 31, 2015
 
(in millions)
Assets:
 
 
 
Cash
$
271

 
$
124

Securities purchased under agreements to resell(1)
2,771

 
2,724

Other assets
77

 
128

Total assets
$
3,119

 
$
2,976

Liabilities:
 
 
 
Due to affiliates(2)
$
5,412

 
$
5,925

Other liabilities
67

 
62

Total liabilities
$
5,479

 
$
5,987

 
(1) 
Securities under an agreement to resell are purchased from HSBC Securities (USA) Inc. and generally have terms of 120 days or less. The collateral underlying the securities purchased under agreements to resell, however, is with an unaffiliated third party. Interest income recognized on these securities is reflected as interest income from HSBC affiliate in the table below.
(2) 
Due to affiliates includes amounts owed to HSBC and its subsidiaries as a result of direct debt issuances and excludes preferred stock.
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Income/(Expense):
 
 
 
 
 
 
 
Interest income from HSBC affiliates
$
2

 
$
2

 
$
3

 
$
4

Interest expense paid to HSBC affiliates(1)
(69
)
 
(76
)
 
(144
)
 
(153
)
Net interest income (expense)
$
(67
)
 
$
(74
)
 
$
(141
)
 
$
(149
)
Gain (loss) on FVO debt with affiliate
$
12

 
$
13

 
$
12

 
$
13

Servicing and other fees from HSBC affiliates
2

 
6

 
6

 
12

Support services from HSBC affiliates
(38
)
 
(58
)
 
(80
)
 
(112
)
Stock based compensation income (expense) with HSBC(2)
(1
)
 
—

 
—

 
(1
)
 
(1) 
Includes interest expense paid to HSBC affiliates for debt held by HSBC affiliates as well as net interest paid to or received from HSBC affiliates on risk management hedges related to non-affiliated debt.
(2) 
Certain employees participate in one or more stock compensation plans sponsored by HSBC. These expenses are included in Salary and employee benefits in our consolidated statement of income (loss). Certain employees also participate in a defined benefit pension plan and other postretirement benefit plans sponsored by HSBC North America which are discussed in Note 8, “Pension and Other Postretirement Benefits.”