INTL FCStone 2011 Annual Report Download - page 85

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INTL FCSTONE INC.Form10K 71
PART II
ITEM 8 Consolidated Financial Statements and Supplementary Data
(in millions)
September30,2011
Level1 Level2 Level3
Netting and
Collateral(1) Total
Mutual funds and other 0.6 — 0.4 — 1.0
Investment in managed funds — 1.3 — — 1.3
Financial instruments owned 289.5 634.9 5.1 (706.4) 223.1
TOTAL ASSETS AT FAIR VALUE $ 8,789.4 $ 2,191.2 $ 5.1 $ (9,302.8)$ 1,682.9
LIABILITIES:
Accounts payable and other accrued liabilities - contingentliabilities $ — $ — $ 22.3 $ — $ 22.3
Payables to customers - derivatives 6,234.7 — — (6,234.7) —
Common stock and ADRs 44.9 2.3 — — 47.2
U.S. and foreign government obligations — — — — —
Derivatives 219.9 1,679.1 — (1,776.1) 122.9
Commodities leases and unpriced positions — 431.9 — (211.1) 220.8
Financial instruments sold, not yet purchased 264.8 2,113.3 — (1,987.2) 390.9
TOTAL LIABILITIES AT FAIR VALUE $ 6,499.5 $ 2,113.3 $ 22.3 $ (8,221.9 )$ 413.2
(1) Represents cash collateral and the impact of netting across the levels of the fair value hierarchy. Netting among positions classified within the same level are included
in that level.
(in millions)
September30,2010
Level1 Level2 Level3
Netting and
Collateral(1) Total
ASSETS:
Unrestricted cash equivalents- money market funds $ 0.3 $ — $ — $ — $ 0.3
U.S. government obligations — 0.8 — — 0.8
Securities segregated under federal and other regulations — 0.8 — — 0.8
Securities purchased under agreements to resell 342.0 — — — 342.0
Money market funds 428.2 — — — 428.2
U.S. government obligations — 988.1 — — 988.1
Mortgage-backed securities — 10.0 — — 10.0
Derivatives 4,228.1 — — (4,748.0) (519.9)
Deposits and receivables from exchange-clearing organizations 4,656.3 998.1 — (4,748.0) 906.4
Common stock and ADRs 22.1 0.7 1.2 — 24.0
Corporate and municipal bonds — 5.1 8.0 — 13.1
U.S. government obligations 0.1 5.3 — — 5.4
Foreign government obligations 2.7 0.6 — — 3.3
Derivatives(2) 186.0 897.9 — (1,043.7) 40.2
Commodities leases and unpriced positions — 201.9 — (132.7) 69.2
Mutual funds and other 1.7 — 0.4 — 2.1
Investment in managed funds — 1.9 0.6 — 2.5
Financial instruments owned 212.6 1,113.4 10.2 (1,176.4) 159.8
TOTAL ASSETS AT FAIR VALUE $ 5,211.2 $ 2,112.3 $ 10.2 $ (5,924.4)$ 1,409.3
LIABILITIES:
Accounts payable and other accrued liabilities- contingent liabilities $ — $ — $ 32.3 $ — $ 32.3
Payables to customers - derivatives 5,451.0 — — (5,451.0) —
Common stock and ADRs 15.5 0.5 — — 16.0
U.S. and foreign government obligations — 0.2 — — 0.2
Derivatives(2) 189.3 859.5 — (961.2) 87.6
Commodities leases and unpriced positions — 127.2 — (41.4) 85.8
Financial instruments sold, not yet purchased 204.8 987.4 — (1,002.6) 189.6
TOTAL LIABILITIES AT FAIR VALUE $ 5,655.8 $ 987.4 $ 32.3 $ (6,453.6)$ 221.9
(1) Represents cash collateral and the impact of netting across the levels of the fair value hierarchy. Netting among positions classified within the same level are included
in that level.
(2) The derivatives include net unrealized gains (losses) that are reclassified to deposits and receivables from broker-dealers, clearing organizations and counterparties and
receivables from customers of $56.1million as of September30,2010, as a result of netting and collateral.
Realized and unrealized gains and losses are included within ‘trading gains’ in the consolidated income statements.