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Offsetting Financial Assets and Financial Liabilities
 12 Months Ended
Oct. 31, 2025
Text Block [Abstract]  
Offsetting Financial Assets and Financial Liabilities
10
Offsetting Financial Assets and Financial Liabilities
The Bank is eligible to present certain financial assets and financial liabilities as listed in the table below on a net basis on the Consolidated Statement of Financial Position pursuant to criteria described in Note 3 – Material accounting policies.
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, 2025 ($ 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
        
 
Impact of
master netting
arrangements
or similar
agreements
(1)
    
Collateral
(2)(4)
    
Net amount
(3)
  
Derivative financial instruments
   
$
46,531
 
  
$
–
 
   
$
46,531
 
  
$
(32,293
) 
  
$
(5,783
) 
  
$
8,455
 
Securities purchased under resale agreements and securities borrowed
   
 
334,972
 
  
 
(131,964
) 
   
 
203,008
 
  
 
(16,221
) 
  
 
(184,376
) 
  
 
2,411
 
Total
   
$
381,503
 
  
$
(131,964
) 
   
$
249,539
 
  
$
(48,514
) 
  
$
(190,159
) 
  
$
10,866
 
Types of financial liabilities                                            
Derivative financial instruments
   
$
56,031
 
  
$
–
 
   
$
56,031
 
  
$
(32,293
) 
  
$
(13,976
) 
  
$
9,762
 
Obligations related to securities sold under repurchase agreements and securities lent
   
 
321,108
 
  
 
(131,964
) 
   
 
189,144
 
  
 
(16,221
) 
  
 
(168,607
) 
  
 
4,316
 
Total
   
$
377,139
 
  
$
(131,964
) 
   
$
245,175
 
  
$
(48,514
) 
  
$
(182,583
) 
  
$
14,078
 
As at October 31, 2024 ($ 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
        
 
Impact of
master netting
arrangements
or similar
agreements
(1)
    
Collateral
(2)(4)
    
Net amount
(3)
  
Derivative financial instruments
    $ 44,379     $ –      $ 44,379     $ (29,949 )    $ (5,559 )    $ 8,871  
Securities purchased under resale agreements and securities borrowed
      318,531       (117,988 )       200,543       (19,551 )      (178,816 )      2,176  
Total
    $ 362,910     $ (117,988 )     $ 244,922     $ (49,500 )    $ (184,375 )    $ 11,047  
Types of financial liabilities                                            
Derivative financial instruments
    $ 51,260     $ –      $ 51,260     $ (29,949 )    $ (11,565 )    $ 9,746  
Obligations related to securities sold under repurchase agreements and securities lent
      308,437       (117,988 )       190,449       (19,551 )      (166,734 )      4,164  
Total
    $  359,697     $  (117,988 )     $  241,709     $  (49,500 )    $  (178,299 )    $  13,910  
 
(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.
(4)
Derivative financial instruments assets include cash collateral of $4,774 million (2024 – $4,505 million) and
non-cash
collateral of $1,009 million (2024 – $1,054 million). Derivative financial instruments liabilities include cash collateral of $11,750 million (2024 – $10,847 million) and
non-cash
collateral of $2,226 million (2024 – $718 million).