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management 2019s discussion and analysis 122 jpmorgan chase & co./2015 annual report wholesale credit portfolio the firm 2019s wholesale businesses are exposed to credit risk through underwriting, lending, market-making, and hedging activities with and for clients and counterparties, as well as through various operating services such as cash management and clearing activities. a portion of the loans originated or acquired by the firm 2019s wholesale businesses is generally retained on the balance sheet. the firm distributes a significant percentage of the loans it originates into the market as part of its syndicated loan business and to manage portfolio concentrations and credit risk. the wholesale credit portfolio, excluding oil & gas, continued to be generally stable throughout 2015, characterized by low levels of criticized exposure, nonaccrual loans and charge-offs. growth in loans retained was driven by increased client activity, notably in commercial real estate. discipline in underwriting across all areas of lending continues to remain a key point of focus. the wholesale portfolio is actively managed, in part by conducting ongoing, in-depth reviews of client credit quality and transaction structure, inclusive of collateral where applicable; and of industry, product and client concentrations. wholesale credit portfolio december 31, credit exposure nonperforming (c).
| December 31, | Credit exposure | Nonperforming<sup>(c)</sup> |
| (in millions) | 2015 | 2014 | 2015 | 2014 |
| Loans retained | $357,050 | $324,502 | $988 | $599 |
| Loans held-for-sale | 1,104 | 3,801 | 3 | 4 |
| Loans at fair value | 2,861 | 2,611 | 25 | 21 |
| Loans – reported | 361,015 | 330,914 | 1,016 | 624 |
| Derivative receivables | 59,677 | 78,975 | 204 | 275 |
| Receivables from customers and other<sup>(a)</sup> | 13,372 | 28,972 | — | — |
| Total wholesale credit-related assets | 434,064 | 438,861 | 1,220 | 899 |
| Lending-related commitments | 366,399 | 366,881 | 193 | 103 |
| Total wholesale credit exposure | $800,463 | $805,742 | $1,413 | $1,002 |
| Credit derivatives usedin credit portfolio management activities<sup>(b)</sup> | $(20,681) | $(26,703) | $(9) | $— |
| Liquid securities and other cash collateral held against derivatives | (16,580) | (19,604) | NA | NA |
receivables from customers and other (a) 13372 28972 2014 2014 total wholesale credit- related assets 434064 438861 1220 899 lending-related commitments 366399 366881 193 103 total wholesale credit exposure $800463 $805742 $1413 $1002 credit derivatives used in credit portfolio management activities (b) $(20681) $(26703) $(9) $2014 liquid securities and other cash collateral held against derivatives (16580) (19604) na na (a) receivables from customers and other include $13.3 billion and $28.8 billion of margin loans at december 31, 2015 and 2014, respectively, to prime and retail brokerage customers; these are classified in accrued interest and accounts receivable on the consolidated balance sheets. (b) represents the net notional amount of protection purchased and sold through credit derivatives used to manage both performing and nonperforming wholesale credit exposures; these derivatives do not qualify for hedge accounting under u.s. gaap. for additional information, see credit derivatives on page 129, and note 6. (c) excludes assets acquired in loan satisfactions. .
Please answer the following question with expressions if necessary.
what growth rate does this represent?
assistant
subtract(357050, 324502), divide(#0, 324502)