Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 175

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 175
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 dealer counterparty in the over-the-counter market are cleared through a clearinghouse, whereby the clearinghouse becomes the counterparty to the transaction.

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

The following table presents the composition of the Corporation’s derivative instruments held or issued for risk management purposes or in connection with customer-initiated and other activities at June 30, 2025 and December 31, 2024. The table excludes a derivative related to the Corporation's 2008 sale of its remaining ownership of Visa shares and includes accrued interest receivable and payable. June 30, 2025December 31, 2024  Fair Value Fair Value(in millions)Notional/ContractAmount (a)Gross Derivative AssetsGross Derivative LiabilitiesNotional/ContractAmount (a)Gross Derivative AssetsGross Derivative LiabilitiesRisk management purposesDerivatives designated as hedging instrumentsInterest rate contracts:Fair value swaps - receive fixed/pay floating$5,800 $1 $— $6,800 $— $— Cash flow swaps - receive fixed/pay floating23,100 — — 23,350 — 3 Derivatives used as economic hedgesForeign exchange contracts:Spot, forwards and swaps568 — 4 453 3 — Total risk management purposes29,468 1 4 30,603 3 3 Customer-initiated and other activitiesInterest rate contracts:Caps and floors written2,234 — 7 1,781 — 12 Caps and floors purchased2,234 7 — 1,781 12 — Swaps19,707 152 207 19,189 165 320 Total interest rate contracts24,175 159 214 22,751 177 332 Energy contracts:Caps and floors written4,279 1 283 3,460 — 201 Caps and floors purchased4,279 284 1 3,460 202 — Swaps7,070 300 281 6,338 214 199 Total energy contracts15,628 585 565 13,258 416 400 Foreign exchange contracts:Spot, forwards, options and swaps2,504 36 31 3,117 70