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Settlement Guarantee Management (Tables)

12 Months Ended

Sep. 30, 2016

Settlement Guarantee Management [Abstract]

Schedule of Customer Collateral

The Company maintained collateral as follows:



	September 30, 2016				September 30, 2015
	(in millions)
Cash equivalents	$	1,295			$	1,023
Pledged securities at market value	170				154
Letters of credit	1,311				1,178
Guarantees	1,418				971
Total	$	4,194			$	3,326

The balances above included collateral held by Visa Europe as follows:



	September 30, 2016
	(in millions)
Cash equivalents⁽¹⁾	$	294
Pledged securities at market value	—
Letters of credit	144
Guarantees	375
Total	$	813


⁽¹⁾	Cash collateral held by Visa Europe is not included on the Company's consolidated balance sheet as its clients retain beneficial ownership and the cash is only accessible to the Company in the event of default by the client on its settlement obligations.