TD Bank 2014 Annual Report Download - page 216
Download and view the complete annual report
Please find page 216 of the 2014 TD Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206 -
207 -
208 -
209 -
210 -
211 -
212 -
213 -
214 -
215 -
216 -
217 -
218 -
219 -
220 -
221 -
222 -
223 -
224 -
225 -
226 -
227
-
228
 |
 |
TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS214
SUBSIDIARIES WITH RESTRICTIONS TO TRANSFER FUNDS
Certain of the Bank’s subsidiaries have regulatory requirements to
fulfill, in accordance with applicable law, in order to transfer funds,
including paying dividends to, repaying loans to, or redeeming subor-
dinated debentures issued to, the Bank. These customary requirements
include, but are not limited to:
• Local regulatory capital and/or surplus adequacy requirements;
• Basel requirements under Pillar I and Pillar II;
• Local regulatory approval requirements; and
• Local corporate and/or securities laws.
As at October 31, 2014, the net assets of subsidiaries subject to
regulatory or capital adequacy requirements was $48 billion
(October 31, 2013 – $44 billion), before intercompany eliminations.
In addition to regulatory requirements outlined above, the Bank may
be subject to significant restrictions on its ability to use the assets or
settle the liabilities of members of its group. Key contractual restric-
tions may arise from the provision of collateral to third parties in the
normal course of business, for example through secured financing
transactions; assets securitized which are not subsequently available
for transfer by the Bank; and assets transferred into other consolidated
and unconsolidated structured entities. The impact of these restrictions
has been disclosed in Note 9, Transfers of Financial Assets and Note 29,
Provisions, Contingent Liabilities, Commitments, Guarantees, Pledged
Assets, and Collateral.
Aside from non-controlling interests disclosed in Note 22, Non-
Controlling Interests in Subsidiaries, there were no significant restric-
tions on the ability of the Bank to access or use the assets or settle the
liabilities of subsidiaries within the group as a result of protective rights
of non-controlling interests.
SUBSEQUENT EVENTS
NOTE 37
Medium Term Notes
On November 5, 2014, the Bank issued US$1.25 billion of fixed rate
medium term notes and US$500 million of floating rate 5-year senior
medium term notes.
Covered Bonds
On November 6, 2014, the Bank issued AUD $1 billion of 5-year
floating rate covered bond in the Australian market.