Wholesale Banking - Positioned for Growth
Endnotes on Slides 14-15
Slide 14
1.
See Slide 7.
2. See Slide 29.
3.
Please refer to Slide 3, Endnote 3.
4.
See Slide 41.
Slide 15
TD
1.
Please refer to Slide 7, Endnote 1.
2.
Prior to May 4, 2023, the impact shown covers periods before the termination of the First Horizon transaction and includes the following
components, reported in the Corporate segment: i) mark-to-market gains (losses) on interest rate swaps, recorded in non-interest income -
2023: ($1,386) million, 2022: $1,487 million, ii) basis adjustment amortization related to de-designated fair value hedge accounting relationships,
recorded in net interest income - 2023: $262 million, 2022: $154 million, and iii) interest income (expense) recognized on the interest rate swaps,
reclassified from non-interest income to net interest income with no impact to total adjusted net income - 2023: $585 million, 2022: $108 million.
After the termination of the merger agreement, the residual impact of the strategy is reversed through net interest income 2023: ($127) million.
Refer to the "Significant and Subsequent Events" section in the Bank's 2023 MD&A for further details.
3. FX impact solely related to the U.S. Retail Bank. Adjusted expenses excluding the partners' share of net profits for the U.S. SCP and adjusted
expenses excluding the partners' share of net profits and FX are non-GAAP financial measures. For further information about these non-GAAP
financial measures, please see Slide 7, Endnote 1.
4. Please refer to Slide 3, Endnote 3.
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