Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 262

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 262
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 excess collateral that has not been offset against net derivative instrument positions totaled $225 million of cash collateral and $274 million of securities collateral posted as well as $3 million of cash collateral and $36 million of securities collateral held. As of December 31, 2024, excess collateral that has not been offset against net derivative instrument positions totaled $168 million of cash collateral and $215 million of securities collateral posted as well as $13 million of cash collateral and $32 million of securities collateral held. (d)Other collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The other collateral consists of securities and is exchanged under bilateral collateral and master netting agreements that allow us to offset the net derivative position with the related collateral. The application of the other collateral cannot reduce the net derivative position below zero. Therefore, excess other collateral, if any, is not reflected above.

75

Fair value hedges. During the six months ended June 30, 2025, we did not exclude any portion of fair value hedging instruments from the assessment of hedge effectiveness. The following tables summarize the amounts that were recorded on the balance sheet as of June 30, 2025, and December 31, 2024, related to cumulative basis adjustments for fair value hedges.June 30, 2025Dollars in millionsBalance sheet line item in which the hedge item is includedCarrying amount of hedged item (a)Hedge accounting basis adjustment - active hedgesHedge accounting basis adjustment - discontinued hedgesInterest rate contractsLong-term debt$10,516 $(242)$(4)Interest rate contractsSecurities Available for Sale(b)12,030 (110)15 December 31, 2024Balance sheet line item in which the hedge item is includedCarrying amount of hedged item (a)Hedge accounting basis adjustment - active hedgesHedge accounting basis adjustment - discontinued hedgesInterest rate contractsLong-term debt$10,249 $(490)$(4)Interest rate contractsSecurities Available for Sale(b)12,097 5 17 (a)The carrying amount represents the portion of the asset or liability designated as the hedged item.(b)Certain amounts are designed as fair value hedges under the portfolio layer method. The carrying amount represents the amortized costs basis of the prepayable financial assets used to designate hedging relationships in