Q1 2022 Financial Performance
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 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 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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