Covered Bond Program Overview
High-Quality, Client-Driven Balance Sheet (Based on Q2-2022 Results)
Assets
Liabilities & Equity
$894B
Cash & Repos
33%
123%
Coverage
Unsecured
Funding
27%
Wholesale Funding
Liquid Assets
Trading &
Investment
(Liquid Assets/
Wholesale Funding)
Secured Funding³
Securities
Residential
Mortgages1
55%
Loan Portfolio
Other Retail Loans
115%
Coverage
(Deposits + Capital / Loans)
Corporate Loans
11%
Other Assets²
Mainly Derivatives
Personal
Deposits
Business & Gov't
63%
Capital +
Client-related Funding
Deposits
Securitization &
Covered Bonds
Capital
Other Liabilities²
10%
Mainly Derivatives
CIBC
1 Securitized agency MBS are on balance sheet as per IFRS. 2 Derivatives related assets, are largely offset by derivatives related liabilities. Under IFRS derivative amounts with master netting
agreements cannot be offset and the gross derivative assets and liabilities are reported on balance sheet. 3 Includes obligations related to securities sold short, cash collateral on securities lent and
obligations related to securities under repurchase agreements.
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