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Structured entities and derecognition of financial assets (Tables)
 12 Months Ended
Oct. 31, 2023
Text Block [Abstract]  
Schedule of Unconsolidated Entity Balance Sheet Amounts and Maximum Exposure to Loss
$ millions, as at October 31, 2023
 
Single-seller
and multi-seller

conduits
 
 
Third-party
structured
vehicles
 
  
Loan
warehouse
financing
 
  
Other
 (1)
 
On-balance
sheet assets at carrying value
(2)
                                  
Cash and non-interest-bearing deposits with banks
  
$
–
 
  
$
–
 
   
$
–
 
   
$
362
 
Securities
  
 
414
 
  
 
3,001
 
   
 
–
 
   
 
580
 
Loans
  
 
91
 
  
 
1,298
 
   
 
6,858
 
   
 
131
 
Investments in equity-accounted associates and joint ventures
  
 
–
 
  
 
52
 
   
 
–
 
   
 
54
 
 
  
$
505
 
  
$
4,351
 
   
$
6,858
 
   
$
 
 
 
1,127
 
October 31, 2022
   $ 740     $ 5,005      $ 8,898      $ 601  
On-balance
sheet liabilities at carrying value
(2)
                                  
Deposits
  
$
–
 
  
$
–
 
   
$
–
 
   
$
365
 
Derivatives
(3)
  
 
–
 
  
 
–
 
   
 
–
 
   
 
51
 
Other
  
 
–
 
  
 
–
 
   
 
–
 
   
 
238
 
 
  
$
–
 
  
$
–
 
   
$
–
 
   
$
654
 
October 31, 2022
   $ –     $ –      $ –      $ 45  
Maximum exposure to loss, net of hedges
                                  
Investments and loans
  
$
505
 
  
$
4,351
 
   
$
6,858
 
   
$
765
 
Notional of written derivatives, less fair value losses
  
 
–
 
  
 
–
 
   
 
–
 
   
 
25
 
Liquidity, credit facilities and commitments
  
 
13,131
 
(4)
 
  
 
2,039
 
   
 
5,500
 
   
 
150
 
Less: hedges of investments, loans and written derivatives exposure
  
 
–
 
  
 
–
 
   
 
–
 
   
 
(28
)
 
 
  
$
13,636
 
  
$
6,390
 
   
$
12,358
 
   
$
912
 
October 31, 2022
   $     9,422     $
 
 
 
     7,643      $     11,598      $ 905  

(1)
Includes
Community Reinvestment Act
-related investment vehicles, CIBC-managed investment funds, Capital vehicles and third-party structured vehicles related to structured credit
run-off.
(2)
Excludes SEs established by CMHC, Fannie Mae, Freddie Mac, Ginnie Mae, FHLB, Federal Farm Credit Bank, and Student Loan Marketing Association.
(3)
Comprises written credit default swaps (CDS) and total return swaps (TRS) under which we assume exposures. Excludes foreign exchange derivatives, interest rate derivatives and other derivatives provided as part of normal client facilitation.
(4)
Excludes an additional $4.3 billion (2022: $2.4 billion) relating to our backstop liquidity facilities provided to the multi-seller conduits as part of their commitment to fund purchases of additional assets. Also excludes $414 million (2022: $642 million) of our direct investments in the multi-seller conduits which we consider investment exposure.
Schedule of Carrying Amount and Fair Value of Transferred Financial Assets that did not Qualify for Derecognition and Associated Financial Liabilities
The following table provides the carrying amount and fair value of transferred financial assets that did not qualify for derecognition and the associated financial liabilities:
 
$ millions, as at October 31
           
2023
              2022  
     
Carrying
amount
     
Fair
value
      Carrying
amount		      Fair
value		  
Residential mortgage securitizations
(1)
   
$
14,227
 
   
$
13,959
 
    $ 16,939      $ 16,540  
Securities held by counterparties as collateral under repurchase agreements
(2)
   
 
49,794
 
   
 
49,794
 
      39,788        39,788  
Securities lent for cash collateral
(2)
   
 
2,716
 
   
 
2,716
 
      2,165        2,165  
Securities lent for securities collateral
(2)
   
 
24,355
 
   
 
24,355
 
      30,520        30,520  
 
   
$
91,092
 
   
$
90,824
 
    $ 89,412      $ 89,013  
Associated liabilities
(3)
   
$
    90,901
 
   
$
    90,868
 
    $     88,954      $     88,912  
 
(1)
Consists mainly of Canadian residential mortgage loans transferred to Canada Housing Trust. Certain cash in transit balances related to the securitization process amounting to $541 million (2022: $405 million) have been applied to reduce these balances.
(2)
Does not include over-collateralization of assets pledged. Repurchase and securities lending arrangements are conducted with both CIBC-owned and third-party assets on a pooled basis. The carrying amounts represent an estimated allocation related to the transfer of our own financial assets.
(3)
Includes the obligation to return
off-balance
sheet securities collateral on securities lent and fair value hedge basis adjustments.