Medium-Term Financial Objectives
Funding Strategy
Flexible, well-balanced and diversified funding sources
Funding Strategy
• Build customer deposits in all of our key
markets
• Continue to reduce wholesale funding (WSF)
while focusing on TLAC eligible debt
⚫ Achieve appropriate balance between
efficiency and stability of funding including
maintaining pricing relative to peers
⚫ Diversify funding by type, currency, program,
tenor and markets
•
Centralized funding strategy and associated
risk management
SHORT-TERM FUNDING
o USD 25 billion Bank CP program
o CD Programs (Yankee/USD, EUR, GBP, AUD, HKD)
⚫ TERM FUNDING & CAPITAL
Canadian Dollar
o CAD 38 billion Global Registered Covered Bond Program
(uninsured Canadian mortgages)
o Canada Mortgage Bonds and Mortgage Backed Securities
o CAD 15 billion debt & equity shelf
(senior subordinated debt, preferred and common shares)
o CAD 15 billion START ABS program (indirect auto loans)
o CAD 7 billion Halifax ABS shelf (unsecured lines of credit)
o CAD 6 billion Principal at Risk (PAR) Note shelf
o CAD 5 billion Trillium ABS shelf (credit cards)
Foreign Currency
。 USD 40 billion debt & equity shelf
(senior subordinated debt, preferred and common shares)
o USD 20 billion EMTN shelf
o AUD 8 billion Australian MTN program
o USD 7.5 billion Singapore MTN program
Scotiabank. 34View entire presentation