Wholesale Banking - Positioned for Growth
Endnotes on Slides 48-50
TD
Slide 48
1. Please refer to slide 7, Endnote 3.
2. Ratings by Moody's, DBRS and Fitch, respectively, as at October 31, 2023.
3.
In Canadian dollars equivalent with exchange rate as at date of issuance.
4. The Covered Bond Label Foundation and its affiliates are not associated with and do not approve or endorse TD's covered bond products.
5. Current Loan to Value is calculated with the Teranet-National Bank House Price Index and weighted by balance.
Slide 49
1. Any non-NVCC preferred shares and non-NVCC subordinated debt issued after September 23, 2018 would also be in scope.
2.
In determining the multiplier, CDIC must take into consideration the requirement in the Bank Act for banks to maintain adequate capital and that
equally ranking bail-in eligible instruments must be converted in the same proportion and receive the same number of common shares per dollar
of claim.
Slide 50
1. Initially, the assets held in the Trust will consist of the series of Preferred Shares issued in connection with each LRCN series. Following the
issuance of the LRCNs, the assets held in the Trust may also consist of (i) common shares issued upon a Trigger Event, (ii) cash from the
redemption, or the purchase by the Bank for cancellation, of the Preferred Share series, or (iii) any combination thereof, depending on the
circumstances.
2.
Under the OSFI Guideline for Capital Adequacy Requirements (CAR), Chapter 2 - Definition of Capital, effective November 2018, each of the
following constitutes a Trigger Event: (i) the Superintendent publicly announces that the Superintendent is of the opinion that the Bank has
ceased, or is about to cease, to be viable and that, after the conversion or write-off, as applicable, of all contingent instruments and taking into
account any other factors or circumstances that are considered relevant or appropriate, it is reasonably likely that the viability of the Bank will be
restored or maintained; or (ii) the federal or a provincial government in Canada publicly announces that the Bank has accepted or agreed to
accept a capital injection, or equivalent support, from the federal government or any provincial government without which the Bank would have
been determined by the Superintendent to be non-viable.
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