Investor Presentaiton
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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