v2.4.0.8

Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2014
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
|  | March 31, 2014
|  | Total |  | Level 1 |  | Level 2 |  | Level 3
|  | (in millions)
Financial Assets Measured at Fair Value on a Recurring Basis |  |  |  |  |  |  |  |  |  |  |  |
Financial investments, at fair value(1) |  | $ | 197 |  | $ | 192 |  | $ | 5 |  | $ | -
Default fund and margin deposit investments(2) |  |  | 2,211 |  |  | 710 |  |  | 1,501 |  |  | -
Total |  | $ | 2,408 |  | $ | 902 |  | $ | 1,506 |  | $ | -
|  | December 31, 2013
|  | Total |  | Level 1 |  | Level 2 |  | Level 3
|  | (in millions)
Financial Assets Measured at Fair Value on a Recurring Basis |  |  |  |  |  |  |  |  |  |  |  |
Financial investments, at fair value(1) |  | $ | 189 |  | $ | 189 |  | $ | - |  | $ | -
Default fund and margin deposit investments(2) |  |  | 1,867 |  |  | 774 |  |  | 1,093 |  |  | -
Total |  | $ | 2,056 |  | $ | 963 |  | $ | 1,093 |  | $ | -
(1)As of March 31, 2014 and December 31, 2013, Level 1 financial investments, at fair value were p rimarily comprised of trading securities, mainly Swedish government debt securities. Of these securities, $177 million as of March 3 1, 201 4 and $167 million as of December 31, 201 3 are assets utilized to meet regulatory capital requirements primarily for clearing operations at NASDAQ OMX Nordic Clearing. As of March 31, 2014, Level 2 financial investments, at fair value were primarily comprised of available-for-sale securities in short-term commercial paper. (2)Default fund and margin deposit investments include cash contributions invested by NASDAQ OMX Nordic Clearing, in accordance with its investment policy, either in highly rated government debt securities or reverse repurchase agreements with highly rated government debt securities as collateral. Of the total balance of $2,253 million recorded in the Condensed Consolidated Balance Sheets as of March 3 1, 201 4, $1,501 million of cash contributions have been invested in reverse repurchase agreements and $710 million of cash contributions have been invested in highly rated government debt securities. The remainder of this balance is held in cash and term deposits. Of the total balance of $1,961 million recorded in the Condensed Consolidated Balance Sheets a s of December 31, 201 3, $1,093 million of cash contributions were invested in reverse repurchase agreements and $774 million of cash contributions were invested in highly rated government debt securities.

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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