Canadian Imperial Bank of Commerce (CM) 40-F 2014 FY Annual report (Canada)

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 values:

$ millions, as at October 31, 2014	Less than 1 year		1 - 3 years		3 - 5 years		Over 5 years		No specified maturity		Total
Liabilities
Deposits(1)	$	94,238	$	51,365	$	17,932	$	11,945	$	149,913	$	325,393
Obligations related to securities sold short		12,999		—		—		—		—		12,999
Cash collateral on securities lent		903		—		—		—		—		903
Obligations related to securities sold under repurchase agreements		9,862		—		—		—		—		9,862
Derivative instruments		5,344		4,549		3,547		8,401		—		21,841
Acceptances		9,212		—		—		—		—		9,212
Other liabilities		—		—		—		—		10,932		10,932
Subordinated indebtedness		—		—		35		4,943		—		4,978
	$	132,558	$	55,914	$	21,514	$	25,289	$	160,845	$	396,120
October 31, 2013(2)	$	117,750	$	60,478	$	26,412	$	28,371	$	147,001	$	380,012

(1) Comprises $130.1 billion (2013: $125.0 billion) of personal deposits of which $125.8 billion (2013: $120.4 billion) are in Canada and $4.3 billion (2013: $4.6 billion) are in other countries; $187.6 billion (2013: $182.9 billion) of business and government deposits of which $145.2 billion (2013: $149.0 billion) are in Canada and $42.4 billion (2013: $33.9 billion) are in other countries; and $7.7 billion (2013: $5.6 billion) of bank deposits of which $2.9 billion (2013: $2.0 billion) are in Canada and $4.8 billion ($3.6 billion) are in other countries.

(2) Certain information has been restated to reflect the changes in accounting policies stated in Note 1 to the consolidated financial statements and to conform to the presentation in the current year.

Credit-related commitments

The following table provides the contractual maturity of notional amounts of credit-related commitments:

$ millions, as at October 31, 2014	Less than 1 year		1 - 3 years		3 - 5 years		Over 5 years		No specified maturity(1)		Total
Securities lending(2)	$	26,118	$	—	$	—	$	—	$	—	$	26,118
Unutilized credit commitments		8,624		14,158		19,854		2,105		114,888		159,629
Backstop liquidity facilities		4,361		508		—		11		—		4,880
Standby and performance letters of credit		7,709		664		813		61		—		9,247
Documentary and commercial letters of credit		284		25		—		—		—		309
Other		276		—		—		—		—		276
	$	47,372	$	15,355	$	20,667	$	2,177	$	114,888	$	200,459
October 31, 2013(3)	$	44,172	$	13,637	$	17,731	$	1,925	$	116,487	$	193,952

(1) Includes $91.1 billion (2013: $94.7 billion) of personal, home equity and credit card lines which are unconditionally cancellable at our discretion.

(2) Excludes securities lending of $903 million (2013: $2.1 billion) for cash because it is reported on the consolidated balance sheet.

(3) Certain information has been restated to reflect the changes in accounting policies stated in Note 1 to the consolidated financial statements and to conform to the presentation in the current year.

Other contractual obligations

The following table provides the contractual maturities of other contractual obligations:

$ millions, as at October 31, 2014	Less than 1 year		1 - 3 years		3 - 5 years		Over 5 years		Total
Operating leases	$	405	$	738	$	576	$	1,222	$	2,941
Purchase obligations(1)		648		1,039		640		436		2,763
Pension contributions(2)		8		—		—		—		8
Underwriting commitments		613		—		—		—		613
Investment commitments		10		—		16		127		153
	$	1,684	$	1,777	$	1,232	$	1,785	$	6,478
October 31, 2013(3)	$	1,716	$	1,468	$	1,066	$	1,725	$	5,975

(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 funding contributions for our funded defined benefit pension plans in Canada, the U.S., the U.K, and the Caribbean. Estimated minimum funding contributions are included only for the next annual period as the minimum contributions are affected by various factors, such as market performance and regulatory requirements, and therefore are subject to significant variability.

(3) Certain information has been restated to conform to the presentation adopted in the current year.