management 2019s discussion and analysis 158 jpmorgan chase & co./2012 annual report the following table summarizes the ratings profile by derivative counterparty of the firm 2019s derivative receivables , including credit derivatives , net of other liquid securities collateral , for the dates indicated .
ratings profile of derivative receivables .

Rating equivalent
2012
2011
December 31,(in millions, except ratios)
Exposure net of all collateral
% of exposure net of all collateral
Exposure net of all collateral
% of exposure net of all collateral
AAA/Aaa to AA-/Aa3
$20,040
33%
$25,100
35%
A+/A1 to A-/A3
12,169
20
22,942
32
BBB+/Baa1 to BBB-/Baa3
18,197
29
9,595
14
BB+/Ba1 to B-/B3
9,636
16
10,545
15
CCC+/Caa1 and below
1,283
2
2,488
4
Total
$61,325
100%
$70,670
100%

as noted above , the firm uses collateral agreements to mitigate counterparty credit risk .
the percentage of the firm 2019s derivatives transactions subject to collateral agreements 2013 excluding foreign exchange spot trades , which are not typically covered by collateral agreements due to their short maturity 2013 was 88% ( 88 % ) as of december 31 , 2012 , unchanged compared with december 31 , 2011 .
credit derivatives credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third party issuer ( the reference entity ) and which allow one party ( the protection purchaser ) to transfer that risk to another party ( the protection seller ) when the reference entity suffers a credit event .
if no credit event has occurred , the protection seller makes no payments to the protection purchaser .
for a more detailed description of credit derivatives , see credit derivatives in note 6 on pages 218 2013227 of this annual report .
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 2019s own credit risk associated with various exposures .
included in 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 2019s wholesale businesses ( 201ccredit portfolio management 201d activities ) .
information on credit portfolio management activities is provided in the table below .
in addition , the firm uses credit derivatives as an end-user to manage other exposures , including credit risk arising from certain afs securities and from certain securities held in the firm 2019s market making businesses .
these credit derivatives , as well as the synthetic credit portfolio , are not included in credit portfolio management activities ; for further information on these credit derivatives as well as credit derivatives used in the firm 2019s capacity as a market maker in credit derivatives , see credit derivatives in note 6 on pages 226 2013227 of this annual report. .

Question: Analyse this data from a financial earnings document. what was the percent of the derivative receivables total exposure net of all collateral that was a+/a1 to a-/a3
Choices:
0.17195
0.0002
-0.19843
60.54229
0.19843
Correct choice index: 4