Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 78

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 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 September 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. September 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$5,450 $— $— $6,800 $— $— Cash flow swaps - receive fixed/pay floating22,850 — — 23,350 — 3 Derivatives used as economic hedgesForeign exchange contracts:Spot, forwards and swaps447 — 1 453 3 — Total risk management purposes28,747 — 1 30,603 3 3 Customer-initiated and other activitiesInterest rate contracts:Caps and floors written2,172 — 6 1,781 — 12 Caps and floors purchased2,172 6 — 1,781 12 — Swaps19,761 146 185 19,189 165 320 Total interest rate contracts24,105 152 191 22,751 177 332 Energy contracts:Caps and floors written4,058 1 257 3,460 — 201 Caps and floors purchased4,058 258 1 3,460 202 — Swaps6,763 254 234 6,338 214 199 Total energy contracts14,879 513 492 13,258 416 400 Foreign exchange contracts:Spot, forwards, options and swaps2,390 35 28 3,117 70 59 Total customer-initiated and other activities41,