SEC Info - Canadian Imperial Bank of Commerce/CAN - ‘40-F’ for 10/31/16

SEC Info℠

Home

Help

Please Sign In

Canadian Imperial Bank of Commerce/CAN – ‘40-F’ for 10/31/16 – ‘EX-99.B.12’

On: Thursday, 12/1/16, at 7:44am ET · For: 10/31/16 · Accession #: 1193125-16-781694 · File #: 1-14678

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

12/01/16  Canadian Imperial B… Commerce/CAN 40-F       10/31/16   12:11M                                    Donnelley … Solutions/FA

Annual Report by a Canadian Issuer — Form 40-F
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 40-F        Annual Report by a Canadian Issuer                  HTML     28K 
10: EX-99.B.10  Principal Accountant Fees and Services              HTML      6K 
11: EX-99.B.12  Tabular Disclosure of Contractual Obligations       HTML     46K 
 2: EX-99.B.3(A)  Annual Information Form                           HTML    203K 
 3: EX-99.B.3(B)  Audited Consolidated Financial Statements for     HTML   2.87M 
                          the Year Ended October 31, 2016                        
 4: EX-99.B.3(C)  Management's Discussion and Analysis              HTML   3.06M 
 5: EX-99.B.3(D)  Other Pages of Cibc's 2016 Annual Report          HTML     73K 
                          Incorporated in Annual Information Form                
 6: EX-99.B.6(A)(1)  Certifications Required by Rule 13A-14(A)      HTML     16K 
 7: EX-99.B.6(A)(2)  Certifications Required by Rule 13A-14(B)      HTML     11K 
 8: EX-99.B.8   Disclosure Regarding Audit Committee Financial      HTML      7K 
                          Expert                                                 
 9: EX-99.B.9   Disclosure Regarding Code of Ethics                 HTML      7K 
12: EX-99.D.9   Consent of Independent Registered Public            HTML      9K 
                          Accounting Firm

EX-99.B.12 — Tabular Disclosure of Contractual Obligations

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS

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 and equity at their carrying values:


$ millions, as at October 31, 2016	Less than 1 year		1–3 years		3–5 years		Over 5 years		No specified maturity		Total
Liabilities
Deposits⁽¹⁾	$	133,355	$	48,140	$	20,983	$	7,500	$	185,669	$	395,647
Obligations related to securities sold short		10,338		—		—		—		—		10,338
Cash collateral on securities lent		2,518		—		—		—		—		2,518
Obligations related to securities sold under repurchase agreements		11,694		—		—		—		—		11,694
Derivative instruments		7,993		6,766		3,842		10,206		—		28,807
Acceptances		12,395		—		—		—		—		12,395
Other liabilities		—		—		—		—		12,919		12,919
Subordinated indebtedness		—		39		—		3,327		—		3,366
Equity		—		—		—		—		23,673		23,673

	$	178,293	$	54,945	$	24,825	$	21,033	$	222,261	$	501,357

October 31, 2015	$	163,802	$	51,278	$	27,123	$	18,902	$	202,204	$	463,309

(1)

Comprises $148.1 billion (2015: $137.4 billion) of personal deposits of which $143.3 billion (2015: $132.7 billion) are in Canada and $4.8 billion (2015: $4.7 billion) are in other countries; $229.7 billion (2015: $218.5 billion) of business and government deposits and secured borrowings of which $171.9 billion (2015: $158.9 billion) are in Canada and $57.8 billion (2015: $59.6 billion) are in other countries; and $17.8 billion (2015: $10.8 billion) of bank deposits of which $6.8 billion (2015: $4.0 billion) are in Canada and $11.0 billion (2015: $6.8 billion) are in other countries.

Credit-related commitments

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


$ millions, as at October 31, 2016	Less than 1 year		1–3 years		3–5 years		Over 5 years		No specified maturity⁽¹⁾		Total
Securities lending⁽²⁾	$	38,657	$	—	$	—	$	—	$	—	$	38,657
Unutilized credit commitments		10,865		16,569		24,324		1,134		133,514		186,406
Backstop liquidity facilities		8,596		233		—		13		—		8,842
Standby and performance letters of credit		10,816		732		583		246		—		12,377
Documentary and commercial letters of credit		207		9		1		—		—		217
Other		282		—		—		—		—		282

	$	69,423	$	17,543	$	24,908	$	1,393	$	133,514	$	246,781

October 31, 2015	$	58,692	$	15,423	$	25,810	$	1,560	$	124,034	$	225,519

(1)	Includes $104.5 billion (2015: $97.1 billion) of personal, home equity and credit card lines, which are unconditionally cancellable at our discretion.

(2)	Excludes securities lending of $2.5 billion (2015: $1.4 billion) for cash because it is reported on the consolidated balance sheet.

Other contractual obligations

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


$ millions, as at October 31, 2016	Less than 1 year		1–3 years		3–5 years		Over 5 years		Total
Operating leases	$	430	$	745	$	514	$	1,026	$	2,715
Purchase obligations⁽¹⁾		967		1,089		466		378		2,900
Pension contributions⁽²⁾		176		—		—		—		176
Underwriting commitments		196		—		—		—		196
Investment commitments		4		8		5		128		145

	$	1,773	$	1,842	$	985	$	1,532	$	6,132

October 31, 2015	$	2,063	$	1,918	$	1,044	$	1,669	$	6,694

(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.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘40-F’ Filing	Date	Other Filings

Filed on:	12/1/16	6-K
For Period End:	10/31/16	424B2, 424B3, FWP
	10/31/15	40-F
		List all Filings

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/11/17  SEC                               UPLOAD¶     9/23/17    1:35K  Canadian Imperial B… Commerce/CAN
 3/23/17  SEC                               UPLOAD¶     9/23/17    1:156K Canadian Imperial B… Commerce/CAN

↑Top

Filing Submission 0001193125-16-781694 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)