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Offsetting financial assets and liabilities (Tables)
 12 Months Ended
Oct. 31, 2023
Text Block [Abstract]  
Schedule of Financial Assets and Financial Liabilities
The following table identifies the amounts that have been offset on the consolidated balance sheet in accordance with the requirements of IAS 32 “Financial Instruments: Presentation”, and also those amounts that are subject to enforceable netting agreements but do not qualify for offsetting on the consolidated balance sheet either because we do not have a currently enforceable legal right to
set-off
the recognized amounts, or because we do not intend to settle on a net basis or to realize the asset and settle the liability simultaneously.
 
        Amounts subject to enforceable netting agreements              
         

 
Gross
amounts of
recognized
financial
assets
  
 
 
 
 
    
 
Gross
amounts
offset on the
consolidated
balance sheet
  
 
 
 
 (1)
 
             Related amounts not
set-off
on
the consolidated balance sheet
 		    
 
Amounts not
subject to
enforceable
netting
agreements
  
 
 
 
 
(4)
 
    
 
Net amounts
presented on
the consolidated
balance sheet
  
 
 
 
$ millions, as at October 31     Net
amounts
 		     Financial
instruments		  
 
(2)
 		     Collateral
received		  
 
(3)
 		     Net
amounts		  
 
2023
  
Financial assets
                                                                
   
Derivatives
  
$
30,610
 
  
$
(49
) 
  
$
30,561
 
  
$
(21,787
) 
  
$
(2,184
) 
  
$
6,590
 
  
$
2,682
 
  
$
33,243
 
   
Cash collateral on securities borrowed
  
 
14,651
 
  
 
–
 
  
 
14,651
 
  
 
–
 
  
 
(13,236
) 
  
 
1,415
 
  
 
–
 
  
 
14,651
 
 
  
Securities purchased under resale agreements
  
 
83,454
 
  
 
(3,270
) 
  
 
80,184
 
  
 
–
 
  
 
(75,851
) 
  
 
4,333
 
  
 
–
 
  
 
80,184
 
 
  
 
  
$
128,715
 
  
$
(3,319
) 
  
$
125,396
 
  
$
(21,787
) 
  
$
(91,271
) 
  
$
12,338
 
  
$
2,682
 
  
$
128,078
 
   
Financial liabilities
                                                                
   
Derivatives
  
$
38,349
 
  
$
(49
) 
  
$
38,300
 
  
$
(21,787
) 
  
$
(7,367
) 
  
$
9,146
 
  
$
2,990
 
  
$
41,290
 
   
Cash collateral on securities lent
  
 
8,081
 
  
 
–
 
  
 
8,081
 
  
 
–
 
  
 
(7,182
) 
  
 
899
 
  
 
–
 
  
 
8,081
 
 
  
Obligations related to securities sold under repurchase agreements
  
 
90,388
 
  
 
(3,270
) 
  
 
87,118
 
  
 
–
 
  
 
(86,645
) 
  
 
473
 
  
 
–
 
  
 
87,118
 
 
  
 
  
$
136,818
 
  
$
(3,319
) 
  
$
133,499
 
  
$
(21,787
) 
  
$
  (101,194
) 
  
$
10,518
 
  
$
2,990
 
  
$
136,489
 
2022
  
Financial assets
                                                                
   
Derivatives
   $ 39,731     $ (4 )    $ 39,727     $   (25,999 )    $ (5,974 )    $ 7,754     $ 3,308     $ 43,035  
   
Cash collateral on securities borrowed
     15,326       –       15,326       –       (14,893 )      433       –       15,326  
 
  
Securities purchased under resale agreements
     72,489       (3,276 )      69,213       –       (65,720 )      3,493       –       69,213  
 
  
 
   $   127,546     $   (3,280 )    $   124,266     $ (25,999 )    $   (86,587 )    $   11,680     $   3,308     $   127,574  
   
Financial liabilities
                                                                
   
Derivatives
   $ 47,369     $ (4 )    $ 47,365     $ (25,999 )    $ (12,910 )    $ 8,456     $ 4,975     $ 52,340  
   
Cash collateral on securities lent
     4,853       –       4,853       –       (4,730 )      123       –       4,853  
 
  
Obligations related to securities sold under repurchase agreements
     80,447       (3,276 )      77,171       –       (73,605 )      3,566       –       77,171  
 
  
 
   $ 132,669     $ (3,280 )    $ 129,389     $ (25,999 )    $ (91,245 )    $ 12,145     $ 4,975     $ 134,364  
 
(1)
Comprises amounts related to financial instruments which qualify for offsetting. This amount excludes derivatives which are
settled-to-market
(STM) as STM derivatives are settled on a daily basis, resulting in derecognition, rather than offsetting, of the related amounts.
(2)
Comprises amounts subject to
set-off
under enforceable netting agreements, such as ISDA agreements, derivative exchange or clearing counterparty agreements, global master repurchase agreements, and global master securities lending agreements. Under such arrangements, all outstanding transactions governed by the relevant agreement can be offset if an event of default or other predetermined event occurs.
(3)
Collateral received and pledged amounts are reflected at fair value, but have been limited to the net balance sheet exposure so as not to include any over-collateralization.
(4)
Includes exchange-traded derivatives and derivatives which are STM.