AMERICAN EXPRESS CO | 2013 | FY | 3


The following table summarizes the total fair value, excluding interest accruals, of derivative assets and liabilities as of December 31:

   Other Assets Other Liabilities
   Fair Value Fair Value
(Millions) 2013 2012 2013 2012
Derivatives designated as hedging instruments:            
Interest rate contracts            
 Fair value hedges $ 455 $ 824 $ 2 $
Total return contract            
 Fair value hedge   8       19
Foreign exchange contracts            
 Net investment hedges   174   43   116   150
Total derivatives designated as hedging instruments   637   867   118   169
Derivatives not designated as hedging instruments:            
 Foreign exchange contracts, including certain embedded derivatives(a)   64   75   95   160
Total derivatives not designated as hedging instruments   64   75   95   160
Total derivatives, gross   701   942   213   329
Cash collateral netting(b)    (336)   (326)     (21)
Derivative asset and derivative liability netting(c)    (36)   (23)   (36)   (23)
Total derivatives, net(d)  $ 329 $ 593 $ 177 $ 285

 

 

 

 


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