Investor Presentation
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
1 In addition to the programs listed, there are also 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).
Funding Programs¹
US Debt & Equity Shelf
(senior subordinated debt, preferred and common shares)
Limit USD 50 billion
Global Registered Covered Bond Program
(uninsured Canadian mortgages)
Limit CAD 100 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 shelf (unsecured lines of credit)
Limit - CAD 7 billion
Principal at Risk (PAR) Note shelf
Limit CAD 15 billion
Trillium ABS shelf (credit cards)
Limit CAD 5 billion
USD Bank CP Program
Limit USD 35 billion
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