TD Ameritrade 2018 Annual Report

TD AMERITRADE HOLDING CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 92 market prices, of approximately $2.63 billion, compared to the aggregate carrying value of the Senior Notes on the Consolidated Balance Sheet of $2.56 billion. 17. Offsetting Assets and Liabilities Substantially all of the Company's securities sold under agreements to repurchase (repurchase agreements), reverse repurchase agreements, securities borrowing and securities lending activity and derivative financial instruments are transacted under master agreements that may allow for net settlement in the ordinary course of business, as well as offsetting of all contracts with a given counterparty in the event of default by one of the parties. However, for financial statement purposes, the Company does not net balances related to these financial instruments. The following tables present information about the potential effect of rights of setoff associated with the Company's recognized assets and liabilities as of September 30, 2018 and 2017 (dollars in millions): September 30, 2018 Gross Amounts Not Offset in the Consolidated Balance Sheet Gross Amounts of Recognized Assets and Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts Presented in the Consolidated Balance Sheet Financial Instruments (5) Collateral Received or Pledged (Including Cash) (6) Net Amount (7) Assets: Investments segregated for regulatory purposes: Reverse repurchase agreements . . . . . . . . . . $ 500 $ — $ 500 $ — $ (500) $ — Receivable from brokers, dealers and clearing organizations: Deposits paid for securities borrowed (1) . . 803 — 803 (41) (744) 18 Other assets: Pay-variable interest rate swaps . . . . . . . . . . . . . . 2 — 2 (2) — — Total . . . . . . . . . . $ 1,305 $ — $ 1,305 $ (43) $ (1,244) $ 18 Liabilities: Payable to brokers, dealers and clearing organizations: Deposits received for securities loaned (2)(3) . . . $ 2,914 $ — $ 2,914 $ (43) $ (2,544) $ 327 Securities sold under agreements to repurchase (4) . 96 — 96 (96) — — Accounts payable and other liabilities: Pay-variable interest rate swaps . . . . . . . . . . . . . . 96 — 96 (82) — 14 Total . . . . . . . . . . . . $ 3,106 $ — $ 3,106 $ (221) $ (2,544) $ 341