2018 Financial Performance
Funding Strategy
Flexible, well-balanced and diversified funding sources
Funding Strategy
Build customer deposits in all of our key markets
Continue to manage wholesale funding (WSF)
and focus on longer term funding
○ Endeavouring to fund asset growth through deposits
• Achieve appropriate balance between cost and
stability of funding
。 Maintain pricing relative to peers
⚫ Diversify funding by type, currency, program,
tenor and markets
• Pre-fund at least one quarter ahead, market
permitting
• Centralized funding strategy and associated risk
management
SHORT-TERM FUNDING
o USD 25 billion Bank CP program
О
USD 3 billion Subsidiary CP program
CD Programs (Yankee/USD, EUR, GBP, AUD, HKD)
⚫ TERM FUNDING & CAPITAL
Canadian Dollar
o CAD 36 billion global registered covered bond program
(uninsured Canadian mortgages)
o Canada Mortgage Bonds and Mortgage Back Securities
o CAD 15 billion debt & equity shelf
(senior/sub debt, prefs, common shares)
o CAD 15 billion START ABS program (indirect auto loans)
o CAD 7 billion Halifax ABS shelf (unsecured lines of credit)
○
CAD 6 billion Principal at Risk (PAR) Note shelf
o CAD 5 billion Trillium ABS shelf (credit cards)
Foreign Currency
o USD 20 billion debt & equity shelf
(senior/sub debt, prefs, common shares)
o USD 20 billion EMTN shelf
o AUD 8 billion Australian MTN program
o USD 7.5 billion Singapore MTN program
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