Morgan Stanley 2015 Annual Report Download - page 263

FINANCIAL DATA SUPPLEMENT (Unaudited)—(Continued)
(4) The approximated weighted average interest rate was calculated using (a) interest expense incurred on all securities sold under repurchase agreements and
securities loaned transactions, whether or not such transactions were reported in the consolidated statements of financial condition and (b) period-end balances
that were reported on a net basis where certain criteria were met in accordance with applicable offsetting guidance. In addition, securities-for-securities
transactions in which the Company was the borrower were not included in the period-end balances since they were not reported in the consolidated statements of
financial condition.
Cross-Border Outstandings.
Cross-border outstandings are based upon the Federal Financial Institutions Examination Council’s (“FFIEC”) regulatory
guidelines for reporting cross-border risk. Claims include cash, customer and other receivables, securities purchased under
agreements to resell, securities borrowed and cash trading instruments, but exclude commitments. Securities purchased under
agreements to resell and securities borrowed are presented based on the domicile of the counterparty, without reduction for
related securities collateral held. For information regarding the Company’s country risk exposure, see “Quantitative and
Qualitative Disclosures about Market Risk—Risk Management—Credit Risk—Country Risk Exposure” in Part II, Item 7A.
The following tables set forth cross-border outstandings for each country in which cross-border outstandings exceed 1% of
the Company’s consolidated assets or 20% of the Company’s total capital, whichever is less, at December 31,
2015, December 31, 2014 and December 31, 2013, respectively, in accordance with the FFIEC guidelines:
At December 31, 2015
Country Banks Governments
Non-banking
Financial
Institutions Other Total
(dollars in millions)
United Kingdom ................................................ $ 9,556 $ 36 $ 53,039 $11,273 $73,904
Japan ......................................................... 6,784 9,903 18,432 9,076 44,195
France ........................................................ 15,321 18 7,217 6,087 28,643
Cayman Islands ................................................. 349 — 19,582 4,848 24,779
Germany ...................................................... 5,089 6,516 4,240 6,158 22,003
Ireland ........................................................ 411 3 7,058 5,387 12,859
Switzerland .................................................... 1,430 501 719 7,794 10,444
Canada ........................................................ 2,667 2,328 3,068 2,354 10,417
India .......................................................... 2,514 355 770 5,620 9,259
Singapore ...................................................... 2,185 5,980 36 770 8,971
Netherlands .................................................... 669 — 4,244 3,542 8,455
China ......................................................... 1,999 1,134 914 4,431 8,478
At December 31, 2014
Country Banks Governments
Non-banking
Financial
Institutions Other Total
(dollars in millions)
United Kingdom ................................................. $ 8,514 $ 948 $ 50,855 $9,170 $69,487
Cayman Islands .................................................. 144 — 38,223 5,249 43,616
Japan .......................................................... 14,860 5,645 15,814 7,162 43,481
France ......................................................... 18,838 218 2,349 5,591 26,996
Germany ....................................................... 6,650 6,679 3,991 3,304 20,624
Singapore ....................................................... 2,117 7,761 18 788 10,684
China .......................................................... 1,738 3,259 64 5,546 10,607
Canada ......................................................... 2,741 286 4,261 2,694 9,982
South Korea ..................................................... 149 6,081 721 3,012 9,963
Ireland ......................................................... 304 20 5,793 3,203 9,320
Netherlands ..................................................... 910 — 3,509 3,890 8,309
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