Offsetting financial assets and financial liabilities (Tables)

12 Months Ended

Oct. 31, 2024

Text Block [Abstract]

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, 2024
		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		$	495,881			$	145,078			$	350,803			$	112			$	349,044			$	1,647			$	–			$	350,803
Derivative assets			145,420				1,568				143,852				105,433				16,806				21,613				6,760				150,612
Other financial assets			2,940				527				2,413				58				288				2,067				–				2,413
		$	644,241			$	147,173			$	497,068			$	105,603			$	366,138			$	25,327			$	6,760			$	503,828
Financial liabilities
Obligations related to assets sold under repurchase agreements and securities loaned		$	450,399			$	145,078			$	305,321			$	112			$	302,779			$	2,430			$	–			$	305,321
Derivative liabilities			151,564				1,568				149,996				105,433				17,727				26,836				13,767				163,763
Other financial liabilities			1,941				527				1,414				58				–				1,356				–				1,414
		$	603,904			$	147,173			$	456,731			$	105,603			$	320,506			$	30,622			$	13,767			$	470,498

		As at October 31, 2023
		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		$	436,617			$	96,676			$	339,941			$	201			$	336,112			$	3,628			$	250			$	340,191
Derivative assets			138,318				1,544				136,774				89,889				22,310				24,575				5,676				142,450
Other financial assets			3,306				443				2,863				19				421				2,423				–				2,863
		$	578,241			$	98,663			$	479,578			$	90,109			$	358,843			$	30,626			$	5,926			$	485,504
Financial liabilities
Obligations related to assets sold under repurchase agreements and securities loaned		$	427,330			$	96,676			$	330,654			$	201			$	325,674			$	4,779			$	4,584			$	335,238
Derivative liabilities			132,770				1,544				131,226				89,889				17,340				23,997				11,403				142,629
Other financial liabilities			1,475				443				1,032				19				–				1,013				–				1,032
		$	561,575			$	98,663			$	462,912			$	90,109			$	343,014			$	29,789			$	15,987			$	478,899

(1)

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

(2)

Includes cash collateral of $14 billion (October 31, 2023 – $

17

billion) and non-cash collateral of $352 billion (October 31, 2023 – $

342 billion) received for financial assets and cash collateral of $14 billion (October 31, 2023 – $15

billion) and non-cash collateral of $307 billion (October 31, 2023 – $

328 billion) pledged for financial liabilities.

Financial Liabilities 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, 2024
		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		$	495,881			$	145,078			$	350,803			$	112			$	349,044			$	1,647			$	–			$	350,803
Derivative assets			145,420				1,568				143,852				105,433				16,806				21,613				6,760				150,612
Other financial assets			2,940				527				2,413				58				288				2,067				–				2,413
		$	644,241			$	147,173			$	497,068			$	105,603			$	366,138			$	25,327			$	6,760			$	503,828
Financial liabilities
Obligations related to assets sold under repurchase agreements and securities loaned		$	450,399			$	145,078			$	305,321			$	112			$	302,779			$	2,430			$	–			$	305,321
Derivative liabilities			151,564				1,568				149,996				105,433				17,727				26,836				13,767				163,763
Other financial liabilities			1,941				527				1,414				58				–				1,356				–				1,414
		$	603,904			$	147,173			$	456,731			$	105,603			$	320,506			$	30,622			$	13,767			$	470,498

		As at October 31, 2023
		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		$	436,617			$	96,676			$	339,941			$	201			$	336,112			$	3,628			$	250			$	340,191
Derivative assets			138,318				1,544				136,774				89,889				22,310				24,575				5,676				142,450
Other financial assets			3,306				443				2,863				19				421				2,423				–				2,863
		$	578,241			$	98,663			$	479,578			$	90,109			$	358,843			$	30,626			$	5,926			$	485,504
Financial liabilities
Obligations related to assets sold under repurchase agreements and securities loaned		$	427,330			$	96,676			$	330,654			$	201			$	325,674			$	4,779			$	4,584			$	335,238
Derivative liabilities			132,770				1,544				131,226				89,889				17,340				23,997				11,403				142,629
Other financial liabilities			1,475				443				1,032				19				–				1,013				–				1,032
		$	561,575			$	98,663			$	462,912			$	90,109			$	343,014			$	29,789			$	15,987			$	478,899

(1)

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

(2)

Includes cash collateral of $14 billion (October 31, 2023 – $

17

billion) and non-cash collateral of $352 billion (October 31, 2023 – $

342 billion) received for financial assets and cash collateral of $14 billion (October 31, 2023 – $15

billion) and non-cash collateral of $307 billion (October 31, 2023 – $

328 billion) pledged for financial liabilities.