Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 47

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 47
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 CollateralCustomer risk management programs:   Interest rate contracts$3,064,418 $82,141 $(5,369)$76,772 $— $76,772 Energy contracts7,076,929 488,113 (398,457)89,656 (1,020)88,636 Foreign exchange contracts76,906 39,253 (395)38,858 (380)38,478 Equity option contracts1,593 208 — 208 — 208 Total customer risk management programs10,219,846 609,715 (404,221)205,494 (1,400)204,094 Trading14,196,406 87,082 (56,764)30,318 (1,292)29,026 Interest rate risk management programs602,176 4,462 — 4,462 — 4,462 Total derivative contracts$25,018,428 $701,259 $(460,985)$240,274 $(2,692)$237,582 1    Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.

104

The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at December 31, 2023 (in thousands):Assets Notional1Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash CollateralCustomer risk management programs:   Interest rate contracts$2,754,476 $108,450 $(6,810)$101,640 $(94,608)$7,032 Energy contracts7,846,190 836,425 (399,148)437,277 (169,141)268,136 Foreign exchange contracts54,999 53,863 — 53,863 (872)52,991 Equity option contracts3,316 54 — 54 (44)10 Total customer risk management programs10,658,981 998,792 (405,958)592,834 (264,665)328,169 Trading16,264,818 118,545 (37,111)81,434 (6,996)74,438 Internal risk management programs425,014