Q2 2019 Fixed Income Investor Presentation
30
30
Common Equity
Tier 1
Overview of Creditor Hierarchies in Bail-In Resolution
National layers of bail-inable senior debt instruments
Common
Equity Tier 1
Bank Insolvency Ordinance
(BIO-FINMA) / BOE/PRA
Resolution Mechanism Act
($46f KWG new)
French Sapin 2
Italy
Spanish Revised
Insolvency Law
Loss absorption waterfall
Non-Preferred
Deposits
Other Liabilities
Additional Tier 1
Additional Tier 1
(5.125%)
Tier 2 (PONV)
HoldCo Senior
Tier 2 (PONV)
Legacy & "New"
Non-Preferred Senior
Additional Tier 1
(5.125%)
Tier 2 (PONV)
Additional Tier 1
(5.125%)
Tier 2 (PONV)
"New" Non-
Preferred Senior
"New" Non-
Preferred Senior
Additional Tier 1
(5.125%)
Tier 2 (PONV)
"New" Non-
Preferred Senior
Common Equity
Tier 1
Common
Equity Tier 1
Common
Equity Tier 1
Common Equity
Tier 1
Canada Bank Recapitalization
(Bail-in) Regulations
Loss absorption waterfall
Preferred Shares/
AT1 (PONV)
Tier 2 (PONV)
"New" Senior (issued
post Sep.
23, 2018)
Other Liabilities
Legacy Senior
(issued before Sep.
23, 2018)
Deposits
OpCo Senior
Discretionary exclusions possible
Deposits
■ Non-Preferred
Other Liabilities
Deposits
Non-Preferred
Other Liabilities
Preferred Senior
| Legacy & "New"
Deposits
Non-Preferred
Other Liabilities
Structured Senior
,,New" Preferred
Senior
Preferred Deposits
(natural persons + micro +
SMEs)
Excluded Liabilities*
Preferred Deposits
Senior
Unsecured
Other
Liabilities
Non-Preferred
Deposits
Preferred Deposits
Preferred Senior
Legacy &,,New"
(natural persons + micro +
SMEs)
(natural persons + micro +
SMEs)
(natural persons + micro +
SMEs)
Excluded Liabilities*
Excluded Liabilities*
Excluded Liabilities*
Preferred Deposits
Source: Commerzbank
Sec. Obligations as well as Retail & SME Deposits <100k under Deposit Guarantee Scheme
** Sec. Obligations (e.g. Covered bonds) as well as CDIC Insured Deposits
Other excluded
Liabilities**
CIBC Q2 2019 Fixed Income Investor Presentation
Preferred Deposits
(natural persons + micro +
SMEs)
Excluded Liabilities*
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