Investor Presentaiton
Liquidation to Resolution Comparison
Liquidation Scenario
Bail-in debt ranks pari passu with all other senior
unsecured liabilities.
Resolution Scenario
Bail-in debt is partially or fully converted into common
shares.
No Creditor Worse Off
No creditor shall incur greater losses than under
insolvency proceedings. Bank shareholders and creditors
may seek compensation should they be left worse off as a
result of CDIC's actions to resolve a failed bank than they
would have been if the bank had been liquidated.
Loss Absorption Waterfall
Note: Diagram shown is for illustrative purposes only. It is not to scale nor does it update the magnitude of the bail-in security to match the loss.
AT 1
Instruments
Common Equity
Deposits
Legacy Senior Debt
Tier 2
Legacy (not
NVCC)
Preferred
Shares
Liquidation
Securitizations, Covered Bonds
Securitizations, Covered Bonds
Structured Notes
Derivatives
Bail-in Debt
Deposits
Legacy Senior Debt
Bail-in Debt
Tier 2
AT 1
Instruments
Legacy (not
NVCC)
Preferred
Shares
Common Equity
CIBC Fixed Income Investor Presentation | 33
Resolution
Structured Notes
Derivatives
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