EX-99.B.12 11 d41546dex99b12.htm TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS

Exhibit B.12: Tabular disclosure of contractual obligations

The following table provides the maturity profile of our liabilities based upon contractual repayment obligations, and excludes contractual cash flows related to derivative liabilities:

Contractual obligations

The following table provides the contractual maturity profile of our on-balance sheet liabilities at their carrying values:

 

     Less than      1 - 3      3 - 5      Over      No specified         

$ millions, as at October 31, 2015

    1 year      years      years      5 years      maturity      Total  

Liabilities

                  

Deposits (1)

    $ 125,427       $ 43,102       $ 23,087       $ 6,613       $ 168,428       $ 366,657   

Obligations related to securities sold short

      9,806         —           —           —           —           9,806   

Cash collateral on securities lent

      1,429         —           —           —           —           1,429   

Obligations related to securities sold under repurchase agreements

      8,914         —           —           —           —           8,914   

Derivative instruments

      6,930         8,136         4,036         9,955         —           29,057   

Acceptances

      9,796         —           —           —           —           9,796   

Other liabilities

      —           —           —           —           12,223         12,223   

Subordinated indebtedness

      1,500         40         —           2,334         —           3,874   

Equity

      —           —           —           —           21,553         21,553   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   $ 163,802       $ 51,278       $ 27,123       $ 18,902       $ 202,204       $ 463,309   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

October 31, 2014 (2)

    $ 132,558       $ 55,914       $ 21,514       $ 25,289       $ 179,628       $ 414,903   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) Comprises $137.4 billion (2014: $130.1 billion) of personal deposits of which $132.7 billion (2014: $125.8 billion) are in Canada and $4.7 billion (2014: $4.3 billion) are in other countries; $218.5 billion (2014: $187.6 billion) of business and government deposits and secured borrowings of which $158.9 billion (2014: $145.2 billion) are in Canada and $59.6 billion (2014: $42.4 billion) are in other countries; and $10.8 billion (2014: $7.7 billion) of bank deposits of which $4.0 billion (2014: $2.9 billion) are in Canada and $6.8 billion (2014: $4.8 billion) are in other countries.
(2) Restated to conform to the presentation adopted in the current year.

Credit-related commitments

The following table provides the contractual maturity of notional amounts of credit-related commitments:

 

     Less than      1 - 3      3 - 5      Over      No specified         

$ millions, as at October 31, 2015

    1 year      years      years      5 years      maturity (1)      Total  

Securities lending (2)

    $ 32,169       $ —         $ —         $ —         $ —         $ 32,169   

Unutilized credit commitments

      10,777         13,937         25,396         1,505         124,034         175,649   

Backstop liquidity facilities

      5,366         562         —           13         —           5,941   

Standby and performance letters of credit

      9,789         912         412         42         —           11,155   

Documentary and commercial letters of credit

      313         12         2         —           —           327   

Other

      278         —           —           —           —           278   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   $ 58,692       $ 15,423       $ 25,810       $ 1,560       $ 124,034       $ 225,519   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

October 31, 2014

    $ 47,372       $ 15,355       $ 20,667       $ 2,177       $ 114,888       $ 200,459   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) Includes $97.1 billion (2014: $91.1 billion) of personal, home equity and credit card lines, which are unconditionally cancellable at our discretion.
(2) Excludes securities lending of $1.4 billion (2014: $903 million) for cash because it is reported on the consolidated balance sheet.

Other contractual obligations

The following table provides the contractual maturities of other contractual obligations:

 

     Less than      1 - 3      3 - 5      Over         

$ millions, as at October 31, 2015

    1 year      years      years      5 years      Total  

Operating leases

    $ 431       $ 780       $ 556       $ 1,094       $ 2,861   

Purchase obligations (1)

      885         1,129         481         449         2,944   

Pension contributions (2)

      59         —           —           —           59   

Underwriting commitments

      687         —           —           —           687   

Investment commitments

      1         9         7         126         143   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   $ 2,063       $ 1,918       $ 1,044       $ 1,669       $ 6,694   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

October 31, 2014 (3)

    $ 1,711       $ 1,790       $ 1,236       $ 1,788       $ 6,525   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) Obligations that are legally binding agreements whereby we agree to purchase products or services with specific minimum or baseline quantities defined at fixed, minimum or variable prices over a specified period of time are defined as purchase obligations. Purchase obligations are included through to the termination date specified in the respective agreements, even if the contract is renewable. Many of the purchase agreements for goods and services include clauses that would allow us to cancel the agreement prior to expiration of the contract within a specific notice period. However, the amount above includes our obligations without regard to such termination clauses (unless actual notice of our intention to terminate the agreement has been communicated to the counterparty). The table excludes purchases of debt and equity instruments that settle within standard market timeframes.
(2) Includes estimated minimum funding contributions for our funded defined benefit pension plans in Canada, the U.S., the U.K., and the Caribbean. Estimated minimum funding contributions are included only for the next annual period as the minimum contributions are affected by various factors, such as market performance and regulatory requirements, and therefore are subject to significant variability.
(3) Restated to conform to the methodology adopted in the current year.