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Offsetting Financial Assets and Financial Liabilities (Tables)
 12 Months Ended
Oct. 31, 2021
Text Block [Abstract]  
Summary of Financial Assets and Liabilities Offsetting, Enforceable Master Netting or Similar Arrangement
The following tables provide information on the impact of offsetting on the Bank’s Consolidated Statement of Financial Position, as well as the financial impact of netting for instruments that are subject to enforceable master netting arrangements or similar agreements, but do not qualify for offsetting in the Consolidated Statement of Financial
Position, as well as available cash and financial instrument collateral
.
 
As at October 31, 2021 ($ millions)
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
Types of financial assets
 
Gross amounts
of recognized
financial instruments
 
 
Gross amounts of
recognized financial
instruments offset in
the Consolidated
Statement of
Financial Position
 
 
Net amounts of
financial instruments
presented in the
Consolidated
Statement of
Financial Position
 
 
Related amounts not offset in the
Consolidated Statement of Financial
Position
 
 
Net amount
(3)
 
 
Impact of
master netting
arrangements
or similar
agreements
(1)
 
 
Collateral
(2)
 
Derivative financial instruments
  
$
42,489
 
  
$
(187
) 
  
$
42,302
 
  
$
(25,293
) 
  
$
(3,608
) 
  
$
13,401
 
Securities purchased under resale agreements
 and securities borrowed
  
 
160,621
 
  
 
(32,882
 )  
 
127,739
 
  
 
(14,823
) 
  
 
(109,981
) 
  
 
2,935
 
Total
  
$
203,110
 
  
$
(33,069
) 
  
$
170,041
 
  
$
(40,116
) 
  
$
(113,589
) 
  
$
16,336
 
             
Types of financial liabilities                                          
Derivative financial instruments
  
$
42,390
 
  
$
(187
) 
  
$
42,203
 
  
$
(25,293
) 
  
$
(6,489
) 
  
$
10,421
 
Obligations related to securities sold under repurchase agreements
 and securities lent
  
 
156,351
 
  
 
(32,882
) 
  
 
123,469
 
  
 
(14,823
) 
  
 
(103,340
) 
  
 
5,306
 
Total
  
$
  198,741
 
  
$
  (33,069
) 
  
$
  165,672
 
  
$
  (40,116
) 
  
$
  (109,829
) 
  
$
  15,727
 
 
As at October 31, 2020 ($ millions)
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
Types of financial assets
 
 
 
 
Gross amounts of
recognized financial
instruments offset in
the Consolidated
Statement of
Financial Position
 
 
Net amounts of
financial instruments
presented in the
Consolidated
Statement of
Financial Position
 
 
Related amounts not offset
in the Consolidated Statement
of Financial Position
 
 
 
 
 
Gross amounts
of recognized
financial instruments
 
 
Impact of
master netting
arrangements
or similar
agreements
(1)
 
 
Collateral
(2)
 
 
Net amount
(3)
 
Derivative financial instruments
   $ 45,333     $ (268 )    $ 45,065     $ (27,003 )    $ (5,328 )    $ 12,734  
Securities purchased under resale agreements and securities borrowed
     141,861       (22,114 )      119,747       (9,690 )      (107,241 )      2,816  
Total
   $ 187,194     $ (22,382 )    $ 164,812     $ (36,693 )    $ (112,569 )    $ 15,550  
             
Types of financial liabilities                                          
Derivative financial instruments
   $ 42,515     $ (268 )    $ 42,247     $ (27,003 )    $ (9,058)     $ 6,186  
Obligations related to securities sold under repurchase agreements and securities lent
     159,877       (22,114 )      137,763       (9,690 )      (122,440 )      5,633  
Total
   $   202,392     $   (22,382 )    $   180,010     $   (36,693 )    $   (131,498 )    $   11,819  
 
(1)
Amounts that are subject to master netting arrangements or similar agreements but were not offset in the Consolidated Statement of Financial Position because they did not meet the net settlement/simultaneous settlement criteria; or because the rights of set off are conditional upon the default of the counterparty only.
(2)
Cash and financial instrument collateral amounts received or pledged in relation to the total amounts of financial assets and financial liabilities, including those that were not offset in the Consolidated Statement of Financial Position. These amounts are disclosed at fair value and the rights of set off are conditional upon the default of the counterparty.
(3)
Not intended to represent the Bank’s actual exposure to credit risk, as a variety of credit mitigation strategies are employed in addition to offsetting and collateral arrangements.