Investor Presentation Second Quarter 2018
TLAC REQUIREMENTS AND ELIGIBILITY
•
.
Two concurrent minimum TLAC
compliance requirements
Risk-based TLAC ratio
&
TLAC leverage ratio
TLAC eligibility
Tier 1 and 2 regulatory capital
as per CAR guideline
+
Bail-in debt
Eligibility criteria for bail-in debt to qualify as TLAC
Subject to permanent conversion into common shares in whole or in part pursuant to CDIC Act
Directly issued by Canadian parent operating company
Not secured or covered by a guarantee of the issuer or related party
Perpetual or have remaining term >365 days
No acceleration rights outside of bankruptcy, insolvency, wind-up, liquidation or failure to make
principal or interest payments for 30 business days or more
Callable without OSFI prior approval if, following the transaction, the minimum TLAC requirement
is satisfied
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