Offsetting financial assets and financial liabilities (Tables)

12 Months Ended

Oct. 31, 2022

Financial Assets Subject to Offsetting, Enforceable Master Netting Arrangements and Similar Agreements

Financial instruments subject to enforceable master netting arrangements or similar agreements


	As at October 31, 2022
	Amounts subject to enforceable netting arrangements
							Related amounts not offset on the Consolidated Balance Sheets (1)

(Millions of Canadian dollars)	Gross amounts of recognized financial instruments		Gross amounts offset on the Consolidated Balance Sheets		Net amounts presented in the Consolidated Balance Sheets		Impact of master netting agreements		Financial collateral (2)		Net amounts		Amounts not subject to enforceable netting arrangements		Net amounts presented on the Consolidated Balance Sheets
Financial assets
Assets purchased under reverse repurchase agreements and securities borrowed	$	411,937	$	94,203	$	317,734	$	293	$	314,602	$	2,839	$	111	$	317,845
Derivative assets (3)		146,479		2,185		144,294		98,610		21,412		24,272		10,145		154,439
Other financial assets		1,638		304		1,334		11		83		1,240		–		1,334
	$	560,054	$	96,692	$	463,362	$	98,914	$	336,097	$	28,351	$	10,256	$	473,618
Financial liabilities
Obligations related to assets sold under repurchase agreements and securities loaned	$	360,722	$	94,203	$	266,519	$	293	$	265,822	$	404	$	7,428	$	273,947
Derivative liabilities (3)		141,137		2,185		138,952		98,610		19,758		20,584		14,539		153,491
Other financial liabilities		825		304		521		11		–		510		–		521
	$	502,684	$	96,692	$	405,992	$	98,914	$	285,580	$	21,498	$	21,967	$	427,959

(Millions of Canadian dollars)	As at October 31, 2021
	Amounts subject to enforceable netting arrangements
							Related amounts not offset on the Consolidated Balance Sheets (1)
	Gross amounts of recognized financial instruments		Gross amounts offset on the Consolidated Balance Sheets		Net amounts presented in the Consolidated Balance Sheets		Impact of master netting agreements		Financial collateral (2)		Net amounts		Amounts not subject to enforceable netting arrangements		Net amounts presented on the Consolidated Balance Sheets
Financial assets
Assets purchased under reverse repurchase agreements and securities borrowed	$	384,439	$	77,028	$	307,411	$	101	$	305,071	$	2,239	$	492	$	307,903
Derivative assets (3)		84,595		314		84,281		57,101		12,978		14,202		11,260		95,541
Other financial assets		412		240		172		1		61		110		–		172
	$	469,446	$	77,582	$	391,864	$	57,203	$	318,110	$	16,551	$	11,752	$	403,616
Financial liabilities
Obligations related to assets sold under repurchase agreements and securities loaned	$	338,737	$	77,028	$	261,709	$	101	$	261,135	$	473	$	492	$	262,201
Derivative liabilities (3)		77,514		314		77,200		57,101		10,503		9,596		14,239		91,439
Other financial liabilities		412		240		172		1		–		171		–		172
	$	416,663	$	77,582	$	339,081	$	57,203	$	271,638	$	10,240	$	14,731	$	353,812

(1)

Financial collateral is reflected at fair value. The amount of financial instruments and financial collateral disclosed is limited to the net balance sheet exposure, and any over-collateralization is excluded from the table.

(2)

Includes cash collateral of $20 billion (October 31, 2021 – $12 billion) and non-cash collateral of $316

billion (October 31, 2021 – $307

billion) received for financial assets and cash collateral of $19 billion (October 31, 2021 – $9 billion) and non-cash collateral of $267 billion (October 31, 2021 – $262 billion) pledged for financial liabilities.

(3)

Includes cash margin of $3

billion (October 31, 2021 – $3 billion) that was offset against derivative assets and cash margin of

billion (October 31, 2021 – $3 billion) that was offset against derivative liabilities on the Consolidated Balance Sheets.

Financial Instruments Subject to Enforceable Master Netting Arrangements or Similar Agreements