Morgan Stanley 2014 Annual Report Download - page 246

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Derivative Assets at
December 31, 2013
Fair Value Notional
Bilateral
OTC
Cleared
OTC(1)
Exchange
Traded Total
Bilateral
OTC
Cleared
OTC(1)
Exchange
Traded Total
(dollars in millions)
Derivatives designated as accounting
hedges:
Interest rate contracts .............. $ 4,729 $ 287 $ — $ 5,016 $ 54,696 $ 14,685 $ — $ 69,381
Foreign exchange contracts ......... 236 — — 236 6,694 — — 6,694
Total derivatives designated as
accounting hedges .......... 4,965 287 — 5,252 61,390 14,685 — 76,075
Derivatives not designated as accounting
hedges(2):
Interest rate contracts .............. 262,697 261,348 291 524,336 6,206,450 11,854,610 856,137 18,917,197
Credit contracts .................. 39,054 5,292 — 44,346 1,244,004 240,781 — 1,484,785
Foreign exchange contracts ......... 61,383 130 52 61,565 1,818,429 9,634 9,783 1,837,846
Equity contracts .................. 26,104 — 28,001 54,105 294,524 — 437,842 732,366
Commodity contracts .............. 10,106 — 3,265 13,371 144,981 — 139,433 284,414
Other ........................... 43 — — 43 3,198 — — 3,198
Total derivatives not designated
as accounting hedges ........ 399,387 266,770 31,609 697,766 9,711,586 12,105,025 1,443,195 23,259,806
Total derivatives ...................... $404,352 $ 267,057 $ 31,609 $ 703,018 $9,772,976 $12,119,710 $1,443,195 $23,335,881
Cash collateral netting ................. (48,540) (3,462) — (52,002) — — — —
Counterparty netting ................... (329,919) (262,957) (25,673) (618,549) — — — —
Total derivative assets ............. $ 25,893 $ 638 $ 5,936 $ 32,467 $9,772,976 $12,119,710 $1,443,195 $23,335,881
Derivative Liabilities at
December 31, 2013
Fair Value Notional
Bilateral
OTC
Cleared
OTC(1)
Exchange
Traded Total
Bilateral
OTC
Cleared
OTC(1)
Exchange
Traded Total
(dollars in millions)
Derivatives designated as accounting
hedges:
Interest rate contracts .............. $ 570 $ 614 $ — $ 1,184 $ 2,642 $ 12,667 $ — $ 15,309
Foreign exchange contracts ......... 258 5 — 263 5,970 503 — 6,473
Total derivatives designated as
accounting hedges .......... 828 619 — 1,447 8,612 13,170 — 21,782
Derivatives not designated as accounting
hedges(2):
Interest rate contracts .............. 244,906 261,011 228 506,145 6,035,757 11,954,325 1,067,894 19,057,976
Credit contracts .................. 37,835 4,791 — 42,626 1,099,483 213,900 — 1,313,383
Foreign exchange contracts ......... 61,635 138 23 61,796 1,897,400 10,505 3,106 1,911,011
Equity contracts .................. 31,483 — 29,412 60,895 341,232 — 464,622 805,854
Commodity contracts .............. 9,436 — 3,450 12,886 138,784 — 120,556 259,340
Other ........................... 76 — — 76 4,659 — — 4,659
Total derivatives not designated
as accounting hedges ........ 385,371 265,940 33,113 684,424 9,517,315 12,178,730 1,656,178 23,352,223
Total derivatives ...................... $386,199 $ 266,559 $ 33,113 $ 685,871 $9,525,927 $12,191,900 $1,656,178 $23,374,005
Cash collateral netting ................. (31,139) (2,422) — (33,561) — — — —
Counterparty netting ................... (329,920) (262,956) (25,673) (618,549) — — — —
Total derivative liabilities ........... $ 25,140 $ 1,181 $ 7,440 $ 33,761 $9,525,927 $12,191,900 $1,656,178 $23,374,005
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