International Banking - Annual Overview
TOTAL LOSS ABSORBING CAPITAL (TLAC)
Well positioned to meet requirements
30% TLAC today
if all senior debt
maturing to Q4/2021
was refinanced to bail-in
$57B of senior debt
15.1%
21.5% TLAC
requirement
maturing to Q4/2021
$54B of total capital
14.9%
•
$57B of senior debt maturing over the
next four years to Q4/2021
Will exceed estimated 21.5% TLAC
requirement well before the Nov 1, 2021
deadline based on maintaining current
capital levels and refinancing upcoming
senior maturities with bail-in
SENIOR DEBT¹ MATURITY TABLE (AT Q4/17)
(Canadian Dollar Equivalent, $B)
$57B
$24
$13
$14
$12
$10
$8
Q4/2017 TLAC Stack
< 1 Year 2 Years 3 Years 4 Years 5 Years 5 Years >
1 Senior Debt = Medium Term Notes and Deposit Notes as per MD&A
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