Financial Health and Performance Overview
Funding Strategy
DIVERSIFIED FUNDING SOURCES
•
Increase contribution from customer deposits
.
•
.
•
Manage prudent level of wholesale funding utilization and TLAC²
Maintain balance between efficiency, stability of funding and
pricing relative to peers
Diversify funding by type, currency, program, tenor and
source/market
Utilize a centralized (head office managed) funding and
associated risk management approach
FUNDING PROGRAMS 1
Global Registered Covered Bond Program
(uninsured Canadian mortgages)
Limit CAD 100 billion
US Debt & Equity Shelf
(senior/subordinated debt, preferred and common shares)
Limit USD 50 billion
EMTN Shelf
Limit USD 30 billion
CAD Debt & Equity Shelf
(senior/subordinated debt, preferred and common shares)
Limit CAD 15 billion
START ABS program (indirect auto loans)
Limit CAD 15 billion
Australian MTN program
Limit AUD 8 billion
Singapore MTN program
Limit USD 12 billion
Halifax ABS program (unsecured lines of credit)
Limit - CAD 7 billion
Principal at Risk (PAR) Note shelf
Limit - CAD 15 billion
Trillium ABS program (credit cards)
Limit - CAD 5 billion
USD Bank CP Program
Limit USD 35 billion
1 In addition to the programs listed, there are also USD senior private placements and CD programs in the following currencies: Yankee/USD, EUR, GBP, AUD, HKD; 2 This measure has been disclosed in this
document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Total Loss Absorbing Capacity (TLAC) Requirements (September 2018)
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