Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 113

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 113
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 net derivative position with the related cash collateral. Securities collateral related to legally enforceable master netting agreements is not offset on the balance sheet. Our derivative instruments are included in “accrued income and other assets” or “accrued expenses and other liabilities” on the Consolidated Balance Sheets, as follows: June 30, 2025December 31, 2024  Fair Value(a) Fair Value(a)Dollars in millionsNotionalAmountDerivativeAssetsDerivativeLiabilitiesNotionalAmountDerivativeAssetsDerivativeLiabilitiesDerivatives designated as hedging instruments:Interest rate$64,765 $7 $(17)$64,701 $(4)$3 Derivatives not designated as hedging instruments:Interest rate68,569 129 644 72,215 114 962 Foreign exchange6,284 125 118 6,516 124 117 Commodity7,756 383 367 8,778 363 343 Credit64 — — 60 — — Other (b)3,562 14 25 3,145 15 14 Total derivatives not designated as hedging instruments: 86,235 651 1,154 90,714 616 1,436 Netting adjustments (c)— (388)(454)— (363)(411)Net derivatives in the balance sheet151,000 270 683 155,415 249 1,028 Other collateral (d)— (6)(1)— — (1)Net derivative amounts$151,000 $264 $682 $155,415 $249 $1,027     (a)We take into account bilateral collateral and master netting agreements that allow us to settle all derivative contracts held with a single counterparty on a net basis, and to offset the net derivative position with the related cash collateral when recognizing derivative assets and liabilities. As a result, we could have derivative contracts with negative fair values included in derivative assets and contracts with positive fair values included in derivative liabilities.(b)Other derivatives include interest rate lock commitments related to our residential and commercial banking activities, forward sale commitments related to our residential mortgage banking activities, forward purchase and sales contracts consisting of contractual commitments associated with “to be announced” securities and when-issued securities, and other customized derivative contracts.(c)Netting adjustments represent the amounts recorded to convert our derivative