Commitments, Contingencies and Guarantees (Tables)

3 Months Ended

Feb. 28, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

The following table summarizes commitments associated with certain business activities (in millions):

	Expected Maturity Date
	2019		2020		2021 and 2022		2023 and 2024		2025 and Later		Maximum Payout
Equity commitments (1)	$	17.2	$	148.6	$	1.3	$	—	$	9.8	$	176.9
Loan commitments (1)	250.0		5.0		54.0		30.0		500.0		839.0
Underwriting commitments	215.4		—		—		—		—		215.4
Forward starting reverse repos (2)	6,225.6		—		—		—		—		6,225.6
Forward starting repos (2)	4,738.8		—		—		—		—		4,738.8
Other unfunded commitments (1)	165.3		—		90.9		4.9		—		261.1
	$	11,612.3	$	153.6	$	146.2	$	34.9	$	509.8	$	12,456.8

(1) Equity commitments, loan commitments and other unfunded commitments are presented by contractual maturity date. The amounts are however mostly available on demand.

(2) At February 28, 2019, $6,225.4 million within forward starting securities purchased under agreements to resell and $4,736.0 million within forward starting securities sold under agreements to repurchase settled within three business days.

Guarantees

The following table summarizes the notional amounts associated with Jefferies Group's derivative contracts meeting the definition of a guarantee under GAAP at February 28, 2019 (in millions):

	Expected Maturity Date
Guarantee Type	2019		2020		2021 and 2022		2023 and 2024		2025 and Later		Notional/ Maximum Payout
Derivative contracts – non-credit related	$	9,764.7	$	2,569.7	$	4,148.7	$	281.8	$	332.3	$	17,097.2
Written derivative contracts – credit related	—		32.4		1.5		61.0		—		94.9
Total derivative contracts	$	9,764.7	$	2,602.1	$	4,150.2	$	342.8	$	332.3	$	17,192.1