Discontinued — last reported Q4 '15
Derivative Collateral Obligation to Return
Current LiabilitiesMorgan Stanley Derivative Collateral Obligation to Return increased by 0.4% to $15.10B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 15.4%, from $17.84B to $15.10B. Over 4 years (FY 2021 to FY 2025), Derivative Collateral Obligation to Return shows a downward trend with a -23.8% CAGR.
Analysis
How to read this metric
An increase indicates higher levels of collateralized derivative activity, which may increase liquidity risk if market conditions trigger rapid collateral returns.
Detailed definition
This represents the firm's contractual obligation to return cash or securities held as collateral from counterparties fo...
Peer comparison
Commonly reported by major broker-dealers and investment banks as part of their derivative liability disclosures.
derivative_collateral_obligation_returnHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $44.71B | $18.00B | $21.58B | $28.88B | $19.41B | $18.06B | $20.37B | $23.94B | $15.69B | $17.38B | $18.11B | $15.41B | $17.84B | $15.99B | $15.26B | $15.04B | $15.10B |
| QoQ Change | — | -59.7% | +19.9% | +33.8% | -32.8% | -6.9% | +12.8% | +17.6% | -34.5% | +10.7% | +4.2% | -14.9% | +15.8% | -10.4% | -4.6% | -1.4% | +0.4% |
| YoY Change | — | — | — | — | -56.6% | +0.3% | -5.6% | -17.1% | -19.1% | -3.8% | -11.1% | -35.7% | +13.7% | -8.0% | -15.8% | -2.4% | -15.4% |
Derivative Collateral Obligation to Return at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's derivative collateral obligation to return?
- Morgan Stanley (MS) reported derivative collateral obligation to return of $15.10B in Q4 2025.
- How has Morgan Stanley's derivative collateral obligation to return changed year-over-year?
- Morgan Stanley's derivative collateral obligation to return decreased by 15.4% year-over-year, from $17.84B to $15.10B.
- What is the long-term trend for Morgan Stanley's derivative collateral obligation to return?
- Over 4 years (2021 to 2025), Morgan Stanley's derivative collateral obligation to return has grown at a -23.8% compound annual growth rate (CAGR), from $44.71B to $15.10B.
- What does derivative collateral obligation to return mean?
- The liability representing collateral held by the firm that must be returned to counterparties upon the settlement or termination of derivative contracts.