Management’s discussion and analysis 120 JPMorgan Chase & Co. /2014 Annual Report WHOLESALE CREDIT PORTFOLIO The Firm’s wholesale businesses are exposed to credit risk through underwriting, lending and trading activities with and for clients and counterparties, as well as through various operating services such as cash management and clearing activities.
A portion of the loans originated or acquired by the Firm’s wholesale businesses is generally retained on the balance sheet.
The Firm distributes a significant percentage of the loans it originates into the market as part of its syndicated loan business and to manage portfolio concentrations and credit risk.
The wholesale credit environment remained favorable throughout 2014 driving an increase in client activity.
Growth in loans retained was driven primarily by activity in Commercial Banking, while growth in lending-related commitments reflected increased activity in both the Corporate & Investment Bank and Commercial Banking.
Discipline in underwriting across all areas of lending continues to remain a key point of focus, consistent with evolving market conditions and the Firm’s risk management activities.
The wholesale portfolio is actively managed, in part by conducting ongoing, in-depth reviews of client credit quality and transaction structure, inclusive of collateral where applicable; and of industry, product and client concentrations.
During the year, wholesale criticized assets decreased from 2013, including a reduction in nonaccrual loans by 40%.
## Table 0 ##
(a) Receivables from customers and other include $28.8 billion and $26.5 billion of margin loans at December 31, 2014 and 2013, respectively, to prime and retail brokerage customers; these are classified in accrued interest and accounts receivable on the Consolidated balance sheets.
(b) Includes unused advised lines of credit of $105.2 billion and $102.0 billion as of December 31, 2014 and 2013, respectively.
An advised line of credit is a revolving credit line which specifies the maximum amount the Firm may make available to an obligor, on a nonbinding basis.
The borrower receives written or oral advice of this facility.
The Firm may cancel this facility at any time by providing the borrower notice or, in some cases, without notice as permitted by law.
(c) Represents the net notional amount of protection purchased and sold through credit derivatives used to manage both performing and nonperforming wholesale credit exposures; these derivatives do not qualify for hedge accounting under U. S.  GAAP.
For additional information, see Credit derivatives on page 127, and Note 6.
(d) Excludes assets acquired in loan satisfactions.
As previously noted, the Firm uses collateral agreements to mitigate counterparty credit risk.
The percentage of the Firm’s derivatives transactions subject to collateral agreements – excluding foreign exchange spot trades, which are not typically covered by collateral agreements due to their short maturity – was 88% as of December 31, 2014, largely unchanged compared with 86% as of December 31, 2013.  Credit derivatives The Firm uses credit derivatives for two primary purposes: first, in its capacity as a market-maker; and second, as an end-user, to manage the Firm’s own credit risk associated with various exposures.
For a detailed description of credit derivatives, see Credit derivatives in Note 6.  Credit portfolio management activities Included in the Firm’s end-user activities are credit derivatives used to mitigate the credit risk associated with traditional lending activities (loans and unfunded commitments) and derivatives counterparty exposure in the Firm’s wholesale businesses (collectively, “credit portfolio management” activities).
Information on credit portfolio management activities is provided in the table below.
For further information on derivatives used in credit portfolio management activities, see Credit derivatives in Note 6.
The Firm also uses credit derivatives as an end-user to manage other exposures, including credit risk arising from certain securities held in the Firm’s market-making businesses.
These credit derivatives are not included in credit portfolio management activities; for further information on these credit derivatives as well as credit derivatives used in the Firm’s capacity as a market maker in credit derivatives, see Credit derivatives in Note 6.  Credit derivatives used in credit portfolio management activities
## Table 1 ##
(a) Amounts are presented net, considering the Firm’s net protection purchased or sold with respect to each underlying reference entity or index.
The credit derivatives used in credit portfolio management activities do not qualify for hedge accounting under U. S.  GAAP; these derivatives are reported at fair value, with gains and losses recognized in principal transactions revenue.
In contrast, the loans and lending-related commitments being risk-managed are accounted for on an accrual basis.
This asymmetry in accounting treatment, between loans and lending-related commitments and the credit derivatives used in credit portfolio management activities, causes earnings volatility that is not representative, in the Firm’s view, of the true changes in value of the Firm’s overall credit exposure.
The effectiveness of the Firm’s credit default swap (“CDS”) protection as a hedge of the Firm’s exposures may vary depending on a number of factors, including the named reference entity (i. e. , the Firm may experience losses on specific exposures that are different than the named reference entities in the purchased CDS); the contractual terms of the CDS (which may have a defined credit event that does not align with an actual loss realized by the Firm); and the maturity of the Firm’s CDS protection (which in some cases may be shorter than the Firm’s exposures).
However, the Firm generally seeks to purchase credit protection with a maturity date that is the same or similar to the maturity date of the exposure for which the protection was purchased, and remaining differences in maturity are actively monitored and managed by the Firm.
Management’s discussion and analysis 160 JPMorgan Chase & Co. /2014 Annual Report The Firm’s wholesale businesses also securitize loans for client-driven transactions; those client-driven loan securitizations are not considered to be a source of funding for the Firm and are not included in the table above.
For further description of the client-driven loan securitizations, see Note 16.  Credit ratings The cost and availability of financing are influenced by credit ratings.
Reductions in these ratings could have an adverse effect on the Firm’s access to liquidity sources, increase the cost of funds, trigger additional collateral or funding requirements and decrease the number of investors and counterparties willing to lend to the Firm.
Additionally, the Firm’s funding requirements for VIEs and other third party commitments may be adversely affected by a decline in credit ratings.
For additional information on the impact of a credit ratings downgrade on the funding requirements for VIEs, and on derivatives and collateral agreements, see Special-purpose entities on page 74, and Credit risk, liquidity risk and credit-related contingent features in Note 6.
The credit ratings of the parent holding company and the Firm’s principal bank and nonbank subsidiaries as of December 31, 2014, were as follows.
## Table 2 ##
Downgrades of the Firm’s long-term ratings by one or two notches could result in a downgrade of the Firm’s shortterm ratings.
If this were to occur, the Firm believes its cost of funds could increase and access to certain funding markets could be reduced as noted above.
The nature and magnitude of the impact of ratings downgrades depends on numerous contractual and behavioral factors (which the Firm believes are incorporated in its liquidity risk and stress testing metrics).
The Firm believes it maintains sufficient liquidity to withstand a potential decrease in funding capacity due to ratings downgrades.
JPMorgan Chase’s unsecured debt does not contain requirements that would call for an acceleration of payments, maturities or changes in the structure of the existing debt, provide any limitations on future borrowings or require additional collateral, based on unfavorable changes in the Firm’s credit ratings, financial ratios, earnings, or stock price.
Critical factors in maintaining high credit ratings include a stable and diverse earnings stream, strong capital ratios, strong credit quality and risk management controls, diverse funding sources, and disciplined liquidity monitoring procedures.
Rating agencies continue to evaluate economic and geopolitical trends, regulatory developments, rating uplift assumptions surrounding government support, future profitability, risk management practices, and litigation matters, as well as their broader ratings methodologies.
Changes in any of these factors could lead to changes in the Firm’s credit ratings.
On September 18, 2014, S&P revised its ratings methodology for hybrid capital securities issued by financial institutions, and on September 29, 2014, the ratings of the Firm’s hybrid capital securities (including trust preferred securities and preferred stock) were lowered by 1 notch from BBB to BBB-, reflecting the new methodology.
Furthermore, S&P has announced a Request for Comment on a proposed change to rating criteria related to additional loss absorbing capacity.
In addition, Moody’s and Fitch are in the process of reviewing their ratings methodologies: Moody’s has announced a Request for Comment on the revision to its Bank Rating Methodology and Fitch has announced a review of the ratings differential that it applies between bank holding companies and their bank subsidiaries.
Although the Firm closely monitors and endeavors to manage, to the extent it is able, factors influencing its credit ratings, there is no assurance that its credit ratings will not be changed in the future.
Notes to consolidated financial statements 208 JPMorgan Chase & Co. /2014 Annual Report The following table presents, as of December 31, 2014 and 2013, the gross and net derivative receivables by contract and settlement type.
Derivative receivables have been netted on the Consolidated balance sheets against derivative payables and cash collateral payables to the same counterparty with respect to derivative contracts for which the Firm has obtained an appropriate legal opinion with respect to the master netting agreement.
Where such a legal opinion has not been either sought or obtained, the receivables are not eligible under U. S.  GAAP for netting on the Consolidated balance sheets, and are shown separately in the table below.
## Table 3 ##
(a) Exchange-traded derivative amounts that relate to futures contracts are settled daily.
(b) Included cash collateral netted of $74.0 billion and $63.9 billion at December 31, 2014, and 2013, respectively.

Tables referenced above, in order (Table 0 first):
<table><tr><td>December 31,</td><td>Credit exposure</td><td>Nonperforming<sup>(d)</sup></td></tr><tr><td>(in millions)</td><td>2014</td><td>2013</td><td>2014</td><td>2013</td></tr><tr><td>Loans retained</td><td>$324,502</td><td>$308,263</td><td>$599</td><td>$821</td></tr><tr><td>Loans held-for-sale</td><td>3,801</td><td>11,290</td><td>4</td><td>26</td></tr><tr><td>Loans at fair value</td><td>2,611</td><td>2,011</td><td>21</td><td>197</td></tr><tr><td>Loans – reported</td><td>330,914</td><td>321,564</td><td>624</td><td>1,044</td></tr><tr><td>Derivative receivables</td><td>78,975</td><td>65,759</td><td>275</td><td>415</td></tr><tr><td>Receivables from customers and other<sup>(a)</sup></td><td>28,972</td><td>26,744</td><td>—</td><td>—</td></tr><tr><td>Total wholesale credit-related assets</td><td>438,861</td><td>414,067</td><td>899</td><td>1,459</td></tr><tr><td>Lending-related commitments<sup>(b)</sup></td><td>472,056</td><td>446,232</td><td>103</td><td>206</td></tr><tr><td>Total wholesale credit exposure</td><td>$910,917</td><td>$860,299</td><td>$1,002</td><td>$1,665</td></tr><tr><td>Credit Portfolio Management derivatives notional, net<sup>(c)</sup></td><td>$-26,703</td><td>$-27,996</td><td>$—</td><td>$-5</td></tr><tr><td>Liquid securities and other cash collateral held against derivatives</td><td>-19,604</td><td>-14,435</td><td>NA</td><td>NA</td></tr></table>
<table><tr><td></td><td colspan="2">Notional amount of protectionpurchased and sold<sup>(a)</sup></td></tr><tr><td>December 31, (in millions)</td><td>2014</td><td>2013</td></tr><tr><td>Credit derivatives used to manage:</td><td></td><td></td></tr><tr><td>Loans and lending-related commitments</td><td>$2,047</td><td>$2,764</td></tr><tr><td>Derivative receivables</td><td>24,656</td><td>25,328</td></tr><tr><td>Total net protection purchased</td><td>26,703</td><td>28,092</td></tr><tr><td>Total net protection sold</td><td>—</td><td>96</td></tr><tr><td>Credit portfolio management derivatives notional, net</td><td>$26,703</td><td>$27,996</td></tr></table>
<table><tr><td></td><td colspan="3">JPMorgan Chase & Co.</td><td colspan="3">JPMorgan Chase Bank, N.A.Chase Bank USA, N.A.</td><td colspan="3">J.P. Morgan Securities LLC</td></tr><tr><td>December 31, 2014</td><td>Long-term issuer</td><td>Short-term issuer</td><td>Outlook</td><td>Long-term issuer</td><td>Short-term issuer</td><td>Outlook</td><td>Long-term issuer</td><td>Short-term issuer</td><td>Outlook</td></tr><tr><td>Moody’s Investor Services</td><td>A3</td><td>P-2</td><td>Stable</td><td>Aa3</td><td>P-1</td><td>Stable</td><td>Aa3</td><td>P-1</td><td>Stable</td></tr><tr><td>Standard & Poor’s</td><td>A</td><td>A-1</td><td>Negative</td><td>A+</td><td>A-1</td><td>Stable</td><td>A+</td><td>A-1</td><td>Stable</td></tr><tr><td>Fitch Ratings</td><td>A+</td><td>F1</td><td>Stable</td><td>A+</td><td>F1</td><td>Stable</td><td>A+</td><td>F1</td><td>Stable</td></tr></table>
<table><tr><td></td><td colspan="4">2014</td><td colspan="4">2013</td></tr><tr><td>December 31, (in millions)</td><td>Gross derivative receivables</td><td colspan="2">Amounts netted on the Consolidated balance sheets</td><td>Net derivative receivables</td><td>Gross derivative receivables</td><td colspan="2">Amounts netted on the Consolidated balance sheets</td><td>Net derivative receivables</td></tr><tr><td>U.S. GAAP nettable derivative receivables</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest rate contracts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OTC</td><td>$548,373</td><td>$-521,180</td><td></td><td>$27,193</td><td>$486,449</td><td>$-466,493</td><td></td><td>$19,956</td></tr><tr><td>OTC–cleared</td><td>401,656</td><td>-401,618</td><td></td><td>38</td><td>362,426</td><td>-362,404</td><td></td><td>22</td></tr><tr><td>Exchange-traded<sup>(a)</sup></td><td>—</td><td>—</td><td></td><td>—</td><td>—</td><td>—</td><td></td><td>—</td></tr><tr><td>Total interest rate contracts</td><td>950,029</td><td>-922,798</td><td></td><td>27,231</td><td>848,875</td><td>-828,897</td><td></td><td>19,978</td></tr><tr><td>Credit contracts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OTC</td><td>66,636</td><td>-65,720</td><td></td><td>916</td><td>66,269</td><td>-65,725</td><td></td><td>544</td></tr><tr><td>OTC–cleared</td><td>9,320</td><td>-9,284</td><td></td><td>36</td><td>16,841</td><td>-16,279</td><td></td><td>562</td></tr><tr><td>Total credit contracts</td><td>75,956</td><td>-75,004</td><td></td><td>952</td><td>83,110</td><td>-82,004</td><td></td><td>1,106</td></tr><tr><td>Foreign exchange contracts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OTC</td><td>202,537</td><td>-187,634</td><td></td><td>14,903</td><td>148,953</td><td>-136,763</td><td></td><td>12,190</td></tr><tr><td>OTC–cleared</td><td>36</td><td>-34</td><td></td><td>2</td><td>46</td><td>-46</td><td></td><td>—</td></tr><tr><td>Exchange-traded<sup>(a)</sup></td><td>—</td><td>—</td><td></td><td>—</td><td>—</td><td>—</td><td></td><td>—</td></tr><tr><td>Total foreign exchange contracts</td><td>202,573</td><td>-187,668</td><td></td><td>14,905</td><td>148,999</td><td>-136,809</td><td></td><td>12,190</td></tr><tr><td>Equity contracts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OTC</td><td>23,258</td><td>-22,826</td><td></td><td>432</td><td>31,870</td><td>-29,289</td><td></td><td>2,581</td></tr><tr><td>OTC–cleared</td><td>—</td><td>—</td><td></td><td>—</td><td>—</td><td>—</td><td></td><td>—</td></tr><tr><td>Exchange-traded<sup>(a)</sup></td><td>18,143</td><td>-15,789</td><td></td><td>2,354</td><td>17,732</td><td>-11,415</td><td></td><td>6,317</td></tr><tr><td>Total equity contracts</td><td>41,401</td><td>-38,615</td><td></td><td>2,786</td><td>49,602</td><td>-40,704</td><td></td><td>8,898</td></tr><tr><td>Commodity contracts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>OTC</td><td>22,555</td><td>-14,327</td><td></td><td>8,228</td><td>21,619</td><td>-15,082</td><td></td><td>6,537</td></tr><tr><td>OTC–cleared</td><td>—</td><td>—</td><td></td><td>—</td><td>—</td><td>—</td><td></td><td>—</td></tr><tr><td>Exchange-traded<sup>(a)</sup></td><td>19,500</td><td>-15,344</td><td></td><td>4,156</td><td>12,528</td><td>-11,212</td><td></td><td>1,316</td></tr><tr><td>Total commodity contracts</td><td>42,055</td><td>-29,671</td><td></td><td>12,384</td><td>34,147</td><td>-26,294</td><td></td><td>7,853</td></tr><tr><td>Derivative receivables with appropriate legal opinion</td><td>$1,312,014</td><td>$-1,253,756</td><td><sup>(b)</sup></td><td>$58,258</td><td>$1,164,733</td><td>$-1,114,708</td><td><sup>(b)</sup></td><td>$50,025</td></tr><tr><td>Derivative receivables where an appropriate legal opinion has not been either sought or obtained</td><td>20,717</td><td></td><td></td><td>20,717</td><td>15,734</td><td></td><td></td><td>15,734</td></tr><tr><td>Total derivative receivables recognized on the Consolidated balance sheets</td><td>$1,332,731</td><td></td><td></td><td>$78,975</td><td>$1,180,467</td><td></td><td></td><td>$65,759</td></tr></table>

Question: What's the sum of OTC–cleared of 2013 Gross derivative receivables, and Loans at fair value of Credit exposure 2014 ?
Answer: 365037
Reasoning program: add(362426.0,2611.0)