Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 196

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 196
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(14)(14)— (2)3 1 Total net gains (losses)$30 $— $(21)$9 $26 $(2)$1 $25 Six months ended June 30, 2025Six months ended June 30, 2024Dollars in millionsCorporateservicesincomeConsumer mortgage incomeOther incomeTotalCorporate services incomeConsumer mortgage incomeOther incomeTotalNET GAINS (LOSSES)Interest rate$21 $— $6 $27 $19 $— $1 $20 Foreign exchange27 — — 27 26 — — 26 Commodity4 — — 4 5 — — 5 Credit— — (19)(19)1 — (14)(13)Other— — (9)(9)— 1 6 7 Total net gains (losses)$52 $— $(22)$30 $51 $1 $(7)$45 Counterparty Credit RiskWe hold collateral in the form of cash and highly rated securities issued by the U.S. Treasury, government-sponsored enterprises, or GNMA. Cash collateral of $54 million was netted against derivative assets on the balance sheet at June 30, 2025, compared to $75 million of cash collateral netted against derivative assets at December 31, 2024. The cash collateral netted against derivative liabilities totaled $121 million at June 30, 2025, and $124 million at December 31, 2024. Our means of mitigating and managing exposure to credit risk on derivative contracts is described in Note 8 (“Derivatives and Hedging Activities”) beginning on page 144 of our 2024 Form 10-K under the heading “Counterparty Credit Risk.”The following table summarizes the fair value of our derivative assets by type at the dates indicated. These assets represent our net exposure to potential loss after taking into account the effects of bilateral collateral and master netting agreements and other means used to mitigate risk.Dollars in millionsJune 30, 2025December 31, 2024Interest rate$95 $58 Foreign exchange66 81 Commodity149 170 Credit— — Other14 15 Derivative assets before collateral324 324 Plus(Less): Related collateral(54)(75)Total derivative assets$270 $249