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Investment Solutions for Municipalities

Eligible Investments for CIBC Municipal Accounts About CIBC Deposit Note Solutions • • CIBC has extensive experience working with municipalities and other institutional investors, providing customized Deposit Note solutions to meet unique investment goals and objectives Key features of CIBC Deposit Notes include: Customized CIBC Deposit Notes Rank Equal to Other CIBC Deposit Liabilities, and are qualified instruments within the Municipal Act* Capital Preservation 100% principal protection at maturity, senior debt obligation of CIBC Diversification Can be linked to a variety of asset classes, including equities and equity indices Enhanced Income and Growth Potential Can be designed to generate minimum guaranteed returns and/or long-term growth potential Asset/Liability Matching Ensure the availability of sufficient capital to meet future funding obligations over defined time horizons *Municipalities must ensure that any investment in CIBC Deposit Notes have been properly authorized, is consistent with investment policy and is permitted under applicable regulations CIBC SEI FF:1 Liquidity Can be liquidated prior to maturity in a daily secondary market CONFIDENTIAL 22 22
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