Ameriprise 2013 Annual Report Download - page 166

December 31, 2012
Gross Amounts Not Offset in the
Gross Gross Amounts Amounts of Assets Consolidated Balance Sheets
Amounts of Offset in the Presented in the
Recognized Consolidated Consolidated Financial Cash Securities Net
Assets Balance Sheets Balance Sheets Instruments(1) Collateral Collateral Amount
(in millions)
Derivatives:
OTC $ 3,527 $ — $ 3,527 $ (2,706) $ (428) $ (355) $ 38
Exchange-traded 96 — 96 — — — 96
Total derivatives 3,623 — 3,623 (2,706) (428) (355) 134
Securities borrowed 135 — 135 (66) — (68) 1
Total $ 3,758 $ — $ 3,758 $ (2,772) $ (428) $ (423) $ 135
(1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar
arrangements that management elects not to offset on the Consolidated Balance Sheets.
The following tables present the gross and net information about the Company’s liabilities subject to master netting
arrangements:
December 31, 2013
Gross Amounts Not Offset in the
Gross Gross Amounts Amounts of Liabilities Consolidated Balance Sheets
Amounts of Offset in the Presented in the
Recognized Consolidated Consolidated Financial Cash Securities Net
Liabilities Balance Sheets Balance Sheets Instruments(1) Collateral Collateral Amount
(in millions)
Derivatives:
OTC $ 4,786 $ — $ 4,786 $ (3,227) $ — $ (1,498) $ 61
OTC cleared 22 — 22 (20) (2) — —
Total derivatives 4,808 — 4,808 (3,247) (2) (1,498) 61
Securities loaned 136 — 136 (15) — (117) 4
Repurchase agreements 50 — 50 — — (50) —
Total $ 4,994 $ — $ 4,994 $ (3,262) $ (2) $ (1,665) $ 65
December 31, 2012
Gross Amounts Not Offset in the
Gross Gross Amounts Amounts of Liabilities Consolidated Balance Sheets
Amounts of Offset in the Presented in the
Recognized Consolidated Consolidated Financial Cash Securities Net
Liabilities Balance Sheets Balance Sheets Instruments(1) Collateral Collateral Amount
(in millions)
OTC derivatives $ 3,310 $ — $ 3,310 $ (2,706) $ (67) $ (531) $ 6
Securities loaned 145 — 145 (66) — (77) 2
Repurchase agreements 501 — 501 — — (501) —
Total $ 3,956 $ — $ 3,956 $ (2,772) $ (67) $ (1,109) $ 8
(1) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar
arrangements that management elects not to offset on the Consolidated Balance Sheets.
In the tables above, the amounts of assets or liabilities presented in the Consolidated Balance Sheets are offset first by
financial instruments that have the right of offset under master netting or similar arrangements, then any remaining
amount is reduced by the amount of cash and securities collateral. The actual amounts of collateral may be greater than
amounts presented in the tables.
The Company’s freestanding derivative instruments are reflected in other assets and other liabilities. Repurchase
agreements are reflected in short-term borrowings. Securities borrowing and lending agreements are reflected in
receivables and other liabilities, respectively. See Note 16 for additional disclosures related to the Company’s derivative
instruments, Note 13 for additional disclosures related to the Company’s repurchase agreements and Note 4 for
information related to derivatives held by consolidated investment entities.
16. Derivatives and Hedging Activities
Derivative instruments enable the Company to manage its exposure to various market risks. The value of such instruments
is derived from an underlying variable or multiple variables, including equity, foreign exchange and interest rate indices or
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