Leading Bank in the Americas Presentation
Funding Strategy
Flexible, well-balanced and diversified funding sources
Funding Strategy
Build customer deposits in all of our key
markets
• Continue to reduce wholesale funding (WSF)
while focusing on TLAC eligible debt
Achieve appropriate balance between
efficiency and stability of funding including
maintaining pricing relative to peers
⚫ Diversify funding by type, currency, program,
tenor and markets
Centralized funding strategy and associated
risk management
1 In addition to the programs listed, there are also CD programs in the following currencies: Yankee/USD, EUR, GBP,
AUD, HKD
Funding Programs¹
US Debt & Equity Shelf
(senior/subordinated debt, preferred and common shares)
Limit USD 40 billion
Global Registered Covered Bond Program
(uninsured Canadian mortgages)
Limit CAD 38 billion
EMTN Shelf
Limit USD 20 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 7.5 billion
Halifax ABS shelf (unsecured lines of credit)
Limit - CAD 7 billion
Principal at Risk (PAR) Note shelf
Limit CAD 6 billion
Trillium ABS shelf (credit cards)
Limit - CAD 5 billion
USD Bank CP Program
Limit USD 35 billion
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