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 value:
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Less than | | | 1 - 3 | | | 3 - 5 | | | Over | | | No specified | | | | |
$ millions, as at October 31, 2013 | | 1 year | | | years | | | years | | | 5 years | | | maturity | | | Total | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | |
Deposits(1) | | $ | 83,865 | | | $ | 55,994 | | | $ | 23,062 | | | $ | 14,468 | | | $ | 136,139 | | | $ | 313,528 | |
Obligations related to securities sold short | | | 13,327 | | | | — | | | | — | | | | — | | | | — | | | | 13,327 | |
Cash collateral on securities lent | | | 2,099 | | | | — | | | | — | | | | — | | | | — | | | | 2,099 | |
Capital Trust securities | | | — | | | | — | | | | — | | | | 1,638 | | | | — | | | | 1,638 | |
Obligations related to securities sold under repurchase agreements | | | 4,887 | | | | — | | | | — | | | | — | | | | — | | | | 4,887 | |
Derivative instruments | | | 3,580 | | | | 4,484 | | | | 3,318 | | | | 8,342 | | | | — | | | | 19,724 | |
Acceptances | | | 9,721 | | | | — | | | | — | | | | — | | | | — | | | | 9,721 | |
Other liabilities | | | — | | | | — | | | | — | | | | — | | | | 10,808 | | | | 10,808 | |
Subordinated indebtedness | | | 271 | | | | — | | | | 32 | | | | 3,925 | | | | — | | | | 4,228 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 117,750 | | | $ | 60,478 | | | $ | 26,412 | | | $ | 28,373 | | | $ | 146,947 | | | $ | 379,960 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
October 31, 2012 (2) | | $ | 120,726 | | | $ | 61,336 | | | $ | 27,073 | | | $ | 32,396 | | | $ | 134,816 | | | $ | 376,347 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Comprises $125.0 billion (2012: $118.2 billion) of personal deposits of which $120.4 billion (2012: $113.6 billion) are in Canada and $4.6 billion (2012: $4.6 billion) in other countries; $182.9 billion (2012: $177.4 billion) of business and government deposits of which $149.0 billion (2012: $143.4 billion) are in Canada and $33.9 billion (2012: $34.0 billion) in other countries; and $5.6 billion (2012: $4.7 billion) of bank deposits of which $2.0 billion (2012: $1.5 billion) are in Canada and $3.6 billion ($3.2 billion) in other countries. |
| (2) | Certain amounts have been reclassified 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 arrangements:
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Less than | | | 1 - 3 | | | 3 - 5 | | | Over | | | No specified | | | | |
$ millions, as at October 31, 2013 | | 1 year | | | years | | | years | | | 5 years | | | maturity(1) | | | Total | |
Securities lending(2) | | $ | 24,157 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 24,157 | |
Unutilized credit commitments | | | 8,399 | | | | 12,816 | | | | 17,105 | | | | 1,725 | | | | 116,487 | | | | 156,532 | |
Backstop liquidity facilities | | | 3,754 | | | | — | | | | — | | | | — | | | | — | | | | 3,754 | |
Standby and performance letters of credit | | | 7,244 | | | | 826 | | | | 630 | | | | 326 | | | | — | | | | 9,026 | |
Documentary and commercial letters of credit | | | 172 | | | | — | | | | — | | | | — | | | | — | | | | 172 | |
Underwriting commitments | | | 486 | | | | — | | | | — | | | | — | | | | — | | | | 486 | |
Other | | | 387 | | | | — | | | | — | | | | — | | | | — | | | | 387 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 44,599 | | | $ | 13,642 | | | $ | 17,735 | | | $ | 2,051 | | | $ | 116,487 | | | $ | 194,514 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
October 31, 2012 (3) | | $ | 32,867 | | | $ | 10,988 | | | $ | 17,640 | | | $ | 1,480 | | | $ | 113,061 | | | $ | 176,036 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | Includes $94.7 billion (2012: $91.3 billion) of personal, home equity and credit card lines which are unconditionally cancellable at our discretion. |
| (2) | Excludes securities lending of $2.1 billion (2012: $1.6 billion) for cash because it is reported on the consolidated balance sheet. |
| (3) | Certain amounts have been reclassified to conform to the presentation adopted in the current year. |
Other contractual obligations
The following table provides the contractual maturity of other contractual obligations:
| | | | | | | | | | | | | | | | | | | | |
| | | Less
than | | | 1 - 3 | | | 3 - 5 | | | Over | | | | |
$ millions, as at October 31, 2013 | | 1 year | | | years | | | years | | | 5 years | | | Total | |
Operating leases | | $ | 383 | | | $ | 690 | | | $ | 571 | | | $ | 1,269 | | | $ | 2,913 | |
Purchase obligations(1) | | | 656 | | | | 773 | | | | 491 | | | | 330 | | | | 2,250 | |
Pension contributions(2) | | | 222 | | | | — | | | | — | | | | — | | | | 222 | |
| | | | | | | | | | | | | | | | | | | | |
| | $ | 1,261 | | | $ | 1,463 | | | $ | 1,062 | | | $ | 1,599 | | | $ | 5,385 | |
| | | | | | | | | | | | | | | | | | | | |
October 31, 2012(3) | | $ | 1,264 | | | $ | 1,518 | | | $ | 1,051 | | | $ | 1,646 | | | $ | 5,479 | |
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| (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 pension contributions, and expected benefit payments for post-retirement medical and dental plans, the long-term disability plan, and related medical and dental benefits for disabled employees. Subject to change as contribution decisions are affected by various factors, such as market performance, regulatory requirements, and management’s ability to change funding policy. Also, funding requirements after 2014 are excluded due to the significant variability in the assumptions required to project the timing of future cash flows. |
| (3) | Certain amounts have been reclassified to conform to the presentation adopted in the current year. |
