Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 210

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part II, Item 8
Chunk 210
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 the condensed consolidated statements of financial condition.September 30, 2025Derivative AssetsDerivative LiabilitiesFair ValueNotionalFair ValueNotionalForward foreign currency exchange rate contracts$770 $126,660 $5,707 $381,319 Total return swaps and other153 436 39,450 177,950 LFI and other similar deferred compensation arrangements– – 185,144 160,786 Total gross derivatives923 $127,096 230,301 $720,055 Counterparty and cash collateral netting:Forward foreign currency exchange rate contracts(247)(247)Total return swaps and other(153)(7,467)Net derivatives in "other assets" and "other liabilities"523 222,587 Collateral not netted on the condensed consolidated    statement of financial condition (a)– (31,978)$523 $190,609 

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LAZARD, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

December 31, 2024Derivative AssetsDerivative LiabilitiesFair ValueNotionalFair ValueNotionalForward foreign currency exchange rate contracts$4,248 $359,717 $1,068 $167,115 Total return swaps and other125 1,031 17,527 116,239 LFI and other similar deferred compensation arrangements– – 270,847 247,848 Total gross derivatives4,373 $360,748 289,442 $531,202 Counterparty and cash collateral netting:Forward foreign currency exchange rate contracts(461)(460)Total return swaps and other(125)(14,702)Net derivatives in "other assets" and "other liabilities"3,787 274,280 Collateral not netted on the condensed consolidated    statement of financial condition (a)– (1,132)$3,787 $273,148 ___________________________________(a)Includes cash and/or securities collateral pledged that are subject to master netting arrangements but do not meet the criteria for netting on the condensed consolidated statements of financial condition under U.S. GAAP. For some counterparties, the amounts of securities and cash collateral pledged may exceed the derivative assets and derivative liabilities balances. Where this is the case, the amount of collateral offset within