management 2019s discussion and analysis 158 jpmorgan chase & co./2012 annual report the following table summarizes the ratings profile by derivative counterparty of the firm 2019s derivative receivables , including credit derivatives , net of other liquid securities collateral , for the dates indicated .ratings profile of derivative receivables .
[['rating equivalent december 31 ( in millions except ratios )', 'rating equivalent exposure net of all collateral', 'rating equivalent % (  % ) of exposure net of all collateral', 'exposure net of all collateral', '% (  % ) of exposure net of all collateral'], ['aaa/aaa to aa-/aa3', '$ 20040', '33% ( 33 % )', '$ 25100', '35% ( 35 % )'], ['a+/a1 to a-/a3', '12169', '20', '22942', '32'], ['bbb+/baa1 to bbb-/baa3', '18197', '29', '9595', '14'], ['bb+/ba1 to b-/b3', '9636', '16', '10545', '15'], ['ccc+/caa1 and below', '1283', '2', '2488', '4'], ['total', '$ 61325', '100% ( 100 % )', '$ 70670', '100% ( 100 % )']]
as noted above , the firm uses collateral agreements to mitigate counterparty credit risk .the percentage of the firm 2019s derivatives transactions subject to collateral agreements 2013 excluding foreign exchange spot trades , which are not typically covered by collateral agreements due to their short maturity 2013 was 88% ( 88 % ) as of december 31 , 2012 , unchanged compared with december 31 , 2011 .credit derivatives credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third party issuer ( the reference entity ) and which allow one party ( the protection purchaser ) to transfer that risk to another party ( the protection seller ) when the reference entity suffers a credit event .if no credit event has occurred , the protection seller makes no payments to the protection purchaser .for a more detailed description of credit derivatives , see credit derivatives in note 6 on pages 218 2013227 of this annual report .the firm uses credit derivatives for two primary purposes : first , in its capacity as a market-maker ; and second , as an end-user , to manage the firm 2019s own credit risk associated with various exposures .included in end-user activities are credit derivatives used to mitigate the credit risk associated with traditional lending activities ( loans and unfunded commitments ) and derivatives counterparty exposure in the firm 2019s wholesale businesses ( 201ccredit portfolio management 201d activities ) .information on credit portfolio management activities is provided in the table below .in addition , the firm uses credit derivatives as an end-user to manage other exposures , including credit risk arising from certain afs securities and from certain securities held in the firm 2019s market making businesses .these credit derivatives , as well as the synthetic credit portfolio , are not included in credit portfolio management activities ; for further information on these credit derivatives as well as credit derivatives used in the firm 2019s capacity as a market maker in credit derivatives , see credit derivatives in note 6 on pages 226 2013227 of this annual report. .

Question: what was the percent of the derivative receivables total exposure net of all collateral that was a+/a1 to a-/a3
Answer: 19.8%