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As Of Filer Filing For·On·As Docs:Size Issuer Agent 7/17/14 Bank of Nova Scotia 10-D/A 1/31/14 2:291K Doremus Fin… Printing/FA Scotiabank Covered Bond Guarantor Limited Partnership |
Document/Exhibit Description Pages Size
1: 10-D/A Amendment to Periodic Distribution Report by an HTML 19K
Asset-Backed Issuer
2: EX-99.1 Monthly Investor Report HTML 141K
Exhibit 99.1
 |
Scotiabank Global Registered Covered Bond Program Monthly Investor Report | ||
| Calculation Date: | 2/3/2014 | ||
| Distribution Date: | 2/14/2014 | ||
This report contains information regarding Scotiabank Covered Bond Program Cover Pool as of the indicated Calculation Date. The composition of the Cover Pool will change as Loans (and their Related Security) are added and removed from the Cover Pool from time to time and, accordingly, the characteristics and performance of the Loans (and their Related Security) in the Cover Pool will vary over time.
This material is for distribution only under such circumstances as may be permitted by applicable law. This material is published solely for informational purposes and this report does not constitute an invitation or recommendation to invest or otherwise deal in, or an offer to sell or the solicitation of an offer to buy or subscribe for, any security. Reliance should not be placed on the information herein when making any decision to buy, hold or sell any security or for any other purpose.
The information set forth below has been obtained and based upon sources believed by Scotiabank to be accurate, however, Scotiabank makes no representation or warranty, express or implied, in relation to the accuracy, completeness or reliability of the information contained herein. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. We assume no liability for any errors or any reliance you place on the information provided herein.
THESE COVERED BONDS HAVE NOT BEEN APPROVED OR DISAPPROVED BY CANADA MORTGAGE AND HOUSING CORPORATION (CMHC) NOR HAS CMHC PASSED UPON THE ACCURACY OR ADEQUACY OF THIS REPORT. THE COVERED BONDS ARE NOT INSURED OR GUARANTEED BY CMHC OR THE GOVERNMENT OF CANADA OR ANY OTHER AGENCY THEREOF.
| Program Information | ||||||
| Outstanding Covered Bonds | Initial | CAD | ||||
| Series | Principal Amount | Exchange Rate | Equivalent | Maturity Date (1) | Coupon Rate | Rate Type |
| Currently Outstanding under the Global Registered Covered Bond Program | ||||||
| Issued prior to CMHC registraition under the Insured Covered Bond Programme(2) | $12,200,675,000 | |||||
| Total Outstanding | ||||||
| OSFI Covered Bond Limit | $29,800,897,200 | |||||
| Weighted average maturity of Outstanding Covered Bonds (months) | ||||||
| Weighted average remaining term of Loans in Cover Pool (months) | ||||||
| Series Ratings | Moody's | Fitch | DBRS | |||
| Supplementary Information | ||||||
| Parties to Scotiabank Global Registered Covered Bond Program | ||||||
| Issuer | Bank of Nova Scotia | |||||
| Guarantor Entity | Scotiabank Registered Covered Bond LP | |||||
| Seller, Servicer & Cash Manager | Bank of Nova Scotia | |||||
| Swap Providers | Bank of Nova Scotia | |||||
| Bond Trustee and Custodian | Computershare Trust Company of Canada | |||||
| Asset Monitor | KPMG LLP | |||||
| Account Bank and GDA Provider | Bank of Nova Scotia | |||||
| Standby Account Bank & Standby GDA Provider | CIBC | |||||
| Paying Agent, Registrar, Exchange Agent, Transfer Agent | Bank of Nova Scotia, London Branch and for the US the Bank of Nova Scotia, New York Agency | |||||
(1) An Extended Due for Payment Date twelve-months after the Maturity Date has been specified in the Final Terms of each Series. The Interest Basis specified in this Series applies until the Maturity Date for the relevant Series following which the floating rate of interest specified in the Final Terms of each Series is payable monthly in arrears from the Maturity Date to but excluding the Extended Due for Payment Date.
(2) Covered Bonds issued under the previously established Insured Covered Bond Programme do not form a part of the CMHC registered Scotiabank Global Registered Covered Bond Program, nor do they benefit from the registered program framework.
| |
Scotiabank Global Registered Covered Bond Program Monthly Investor Report | ||
| Calculation Date: | 2/3/2014 | ||
| Distribution Date: | 2/14/2014 | ||
| Supplementary Information (continued) | ||||
| Moody's | Fitch | DBRS | S&P | |
| Scotiabank's Credit Ratings(1) | ||||
| Senior Debt | Aa2 | AA- | AA | A+ |
| Subordinated Debt | A2 | A+ | AA (low) | A- |
| Short-Term | P-1 | F1+ | R-1 (high) | A-1 |
| Rating Outlook | Stable | Stable | Stable | Stable |
| Applicable Ratings of Standby Account Bank and GDA Provider(2) | ||||
| Moody's | Fitch | DBRS | ||
| Senior Debt | P-1 | F1 / A | R-1 (middle) / A (low) | |
| Ratings Triggers(2)(3) | ||||
| A. Party Replacement | ||||
| If the ratings of the Party falls below the level stipulated below, the party is required to be replaced or in the case of the Swap Providers replace itself or obtain a guarantee for its obligations | ||||
| Role (Current Party) | Moody's | Fitch | DBRS | |
| Account Bank / GDA Provider (Scotiabank) | P-1 | F1 and A | R-1 (middle) / AA (low) | |
| Standby Account Bank / Standby GDA Provider (CIBC) | P-1 | F1 and A | R-1 (middle) / A (low) | |
| Cash Manager (Scotiabank) | P-1 | F2 / BBB+ | BBB (low) (long) | |
| Servicer (Scotiabank) | Baa2 (long) | F2 | R-1 (middle) / BBB (low) | |
| Interest Rate Swap Provider (Scotiabank) | P-2 / A3 | F3 and BBB- | R-2 (high) / BBB (high) | |
| Covered Bond Swap Provider (Scotiabank) | P-2 / A3 | F3 and BBB- | R-2 (high) / BBB (high) | |
| Paying Agent | P-1 | F1 and A | NA | |
| B. Specific Rating Related Action(2) | ||||
| The following actions are required if the rating of the Cash Manager (Scotiabank) falls bellow the stipulated rating | ||||
| Moody's | Fitch | DBRS | ||
| (a) Cash Manager is required to direct the Servicer to deposit Revenue Receipts and all Principal Receipts directly into the GDA Account | P-1 | F1 / A | R-1 (middle) / AA (low) | |
| The following actions are required if the rating of the Servicer (Scotiabank) falls below the stipulated rating | ||||
| Moody's | Fitch | DBRS | ||
| (a) Servicer is required to hold any funds belonging to the Guarantor and transfer those funds directly into the GDA Account within two business days | P-1 | F1 / A | R-1 (middle) / BBB (low) | |
| The following actions are required if the rating of the Issuer (Scotiabank) falls below the stipulated rating | ||||
| Moody's | Fitch | DBRS | ||
| (a) Repayment of the Demand Loan | N/A | F2 / BBB+ | N/A | |
| (b) Establishment of the Reserve Fund | P-1 | F1 / A | R-1 (middle) and A (low) | |
| (c) Transfer of title to Loans to Guarantor(4) | A3 | BBB- | R-1 (middle) / BBB(low) | |
| The following actions are required if the rating of the Issuer (Scotiabank) falls below the stipulated rating | ||||
| Moody's | Fitch | DBRS | ||
| (a) Cash flows will be exchanged under the Swap Agreements except as otherwise provided in the Swap Agreements | Baa1 (long) | BBB+ (long) | BBB (high) (long) | |
| Each Swap Provider is required to replace itself, transfer credit support or obtain a guarantee of its obligations if the rating of such Swap Provider falls below the specified rating | ||||
| Moody's | Fitch | DBRS | ||
| (a) Interest Rate Swap Provider | P-1 / A2, or A-1 if no Short term | F1 and A | R-1 (middle) / A (high) | |
| (b) Covered Bond Swap Provider | P-1 / A2, or A-1 if no Short term | F1 and A | R-1 (middle) / A (high) | |
| Events of Default and Triggers | ||||
| Issuer Event of Default | Nil | |||
| Guarantor Event of Default | Nil | |||
(1) Subordinated Debt ratings are not the subject of any ratings related actions or requirements under The Bank of Nova Scotia U.S.$15 billion Global Registered Covered Bond Program.
(2) Where only one rating is expressed such rating relates to the short-term rating (unless otherwise specified) and where two ratings are expressed the first is short-term and the second long-term.
(3) The discretion of the Scotiabank Covered Bond Guarantor Limited Partnership to waive a required action upon a Rating Trigger may be limited by the terms of the Transaction Documents.
(4) The transfer of registered title to the Loans to the Guarantor may be deferred if (A) satisfactory assurances are provided to the Guarantor and the Bond Trustee by The Office of the Superintendent of Financial Institutions or such other supervisory authority having jurisdiction over the Seller permitting registered title to the Loans to remain with the Seller until such time as (i) the Loans are to be sold or otherwise disposed of by the Guarantor or the Bond Trustee in the performance of their respective obligations under the Transaction Documents, or (ii) the Guarantor or the Bond Trustee is required to take actions to enforce or otherwise deal with the Loans, and (B) each of the Rating Agencies has confirmed that it will not withdraw or downgrade its then current ratings of the Covered Bonds as a result of such deferral.
| |
Scotiabank Covered Bond Program Monthly Investor Report | ||
| Calculation Date: | 2/3/2014 | ||
| Distribution Date: | 2/14/2014 | ||
| Asset Coverage Test (C$) | |||||
| Outstanding Covered Bonds | - | ||||
| A = Lesser of (i) LTV Adjusted Balance and | 10,463,064,727 | A (i) | 11,250,607,233 | ||
| (ii) Asset Percentage Adjusted True Balance, as adjusted | A (ii) | 10,463,064,727 | |||
| B = Principal Receipts | 885,996,309 | Asset Percentage: | 93.0% | ||
| C = Cash Capital Contributions | 1,280,539 | Maximum Asset Percentage: | 95.0% | ||
| D = Substitute Assets | - | ||||
| E = (i)Reserve Fund and | - | ||||
| (ii) Pre-Maturity Liquidity Ledger balance(3) | - | ||||
| F = Negative Carry Factor Calculation | - | ||||
| Total: A + B + C + D + E - F | 11,350,341,575 | ||||
| Asset Coverage Test | PASS | ||||
| Valuation Calculation = Asset Value – Liability Value | |||||
| Trading Value of Covered Bond | - | ||||
| A = lesser of (i) Present Value of outstanding loan balance of Performing Eligible Loans(1) and (ii) 80% of Market Value(2) of properties securing Performing Eligible Loans | 11,273,987,239 | A (i) | 11,273,987,239 | ||
| A (iI) | 20,758,681,986 | ||||
| B = Principal Receipts | 885,996,309 | ||||
| C = Cash Capital Contributions | 1,280,539 | ||||
| D = Trading Value of Substitute Assets | - | ||||
| E = (i)Reserve Fund and | - | ||||
| (ii) Pre-Maturity Liquidity Ledger balance(3) | - | ||||
| F = Trading Value of Swap Collateral | - | ||||
| Present Value Adjusted Aggregate Asset Amount | |||||
| Total: A + B + C + D + E + F | 12,161,264,086 | ||||
| Valuation Calculation | PASS | ||||
| Intercompany Loan Balance | |||||
| Guarantee Loan | |||||
| Demand Loan | 12,220,000,000.00 | ||||
| Total | 12,220,000,000.00 | ||||
| Portfolio Losses | |||||
| Period End | Write off Amounts | Loss Percentage (annualized) | |||
| Portfolio Flow of Funds | |||||
| 3-Feb-2014 | |||||
| Cash Inflows | |||||
| Principal Receipts | 119,141,297 | ||||
| Proceeds for Sale of Loans | - | ||||
| Revenue Receipts | 31,876,970 | ||||
| Swap Receipts | - | ||||
| Cash Outflows | |||||
| Swap Payment | - | ||||
| Intercompany Loan Interest(4) | (42,351,507) | ||||
| Intercompany Loan Principal | - | ||||
| Intercompany Loan Repayment | - | ||||
| Net Inflows/(Outflows)(5) | 108,666,760 | ||||
(1) Present value of expected future cash flows of Loans, calculated using the weighted average current market interest rates offered to BNS clients as at the last day of January, being 3.07%.
(2) Value as most recently determined or assessed in accordance with the underwriting policies (whether upon origination or renewal of the Loan or subsequently thereto).
(3) Amounts are required to be credited to the Pre-Maturity Liquidity Ledger in respect of Series of Hard Bullet Covered Bonds in certain circumstances more fully described in the Transaction Documents.
(4) In this Investor Report, the Intercompany Loan Interest for the Calculation Period ended January 14, 2014 was $(14,583,649). This payment will be included as part of a true-up payment to adjust from 3-month CDOR to 1-month CDOR over the period of July 29, 2013 to June 12, 2014 in the amount of $14,259,327.83.
(5) In this Investor Report, as a result of the Intercompany Loan Interest set forth in footnote 4 above, the Net Inflows/(Outflows) was $136,434,617.
| |
Scotiabank Global Registered Covered Bond Program Monthly Investor Report | ||||
| Calculation Date: | 2/3/2014 | ||||
| Distribution Date: | 2/14/2014 | ||||
| Portfolio Summary Statistics | ||||||||
| Previous Month Ending Balance | $ 11,358,874,361 | |||||||
| Current Month Ending Balance | $ 11,239,905,838 | |||||||
| Number of Mortgage Loans in Pool | 65,149 | |||||||
| Average Loan Size | $ 172,526 | |||||||
| Number of Primary Borrowers | 56,626 | |||||||
| Number of Properties | 59,521 | |||||||
| Weighted Average Current LTV of Loans in the Portfolio1 | 57.99% | |||||||
| Weighted Average of Original LTV of Loans in the Portfolio1 | 63.10% | |||||||
| Weighted Average of Authorized LTV of Loans in the Portfolio2 | 77.65% | |||||||
| Weighted Average Seasoning of Loans in the Portfolio | 24.12 | (Months) | ||||||
| Weighted Average Mortgage Rate of Loans in the Portfolio | 3.08% | |||||||
| Weighted Average Original Term of Loans in the Portfolio | 55.50 | (Months) | ||||||
| Weighted Average Remaining Term of Loans in the Portfolio | 31.38 | (Months) | ||||||
| Weighted Average Maturity of Loans Relative to Weighted Average Maturity of Outstandings | N/A | (Months) | ||||||
| Portfolio Delinquency Distribution | ||||||||
| Aging Summary | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| Current and Less Than 30 Days Past Due | 65,116 | 99.95% | 11,234,480,433.47 | 99.95% | ||||
| 30 to 59 Days Past Due | 21 | 0.03% | 3,877,582.37 | 0.03% | ||||
| 60 to 89 Days Past Due | 5 | 0.01% | 614,104.81 | 0.01% | ||||
| 90 or More Days Past Due | 7 | 0.01% | 933,717.11 | 0.01% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
| Portfolio Provincial Distribution | ||||||||
| Province | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| Alberta | 6,624 | 10.17% | 1,309,995,513.94 | 11.65% | ||||
| British Columbia | 9,127 | 14.01% | 2,173,875,905.72 | 19.34% | ||||
| Manitoba | 1,430 | 2.19% | 182,512,394.44 | 1.62% | ||||
| New Brunswick | 1,548 | 2.38% | 148,324,537.62 | 1.32% | ||||
| Newfoundland | 1,356 | 2.08% | 162,107,549.56 | 1.44% | ||||
| Northwest Territories | 15 | 0.02% | 2,132,354.52 | 0.02% | ||||
| Nova Scotia | 2,482 | 3.81% | 273,843,843.63 | 2.44% | ||||
| Nunavut | - | 0.00% | - | 0.00% | ||||
| Ontario | 32,287 | 49.56% | 5,597,913,448.55 | 49.80% | ||||
| Prince Edward Island | 365 | 0.56% | 34,946,849.65 | 0.31% | ||||
| Quebec | 8,141 | 12.50% | 1,060,396,552.68 | 9.43% | ||||
| Saskatchewan | 1,622 | 2.49% | 262,472,060.54 | 2.34% | ||||
| Yukon | 152 | 0.23% | 31,384,826.91 | 0.28% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
| Portfolio Credit Bureau Score Distribution | ||||||||
| Credit Bureau Score | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| Score Unavailable | 194 | 0.30% | 32,075,833.72 | 0.29% | ||||
| 599 and Below | 830 | 1.27% | 108,379,744.43 | 0.96% | ||||
| 600 - 650 | 1,641 | 2.52% | 250,088,797.84 | 2.23% | ||||
| 651 - 700 | 4,424 | 6.79% | 719,368,133.86 | 6.40% | ||||
| 701 - 750 | 8,892 | 13.65% | 1,566,152,739.61 | 13.93% | ||||
| 751 - 800 | 29,750 | 45.66% | 5,330,850,647.93 | 47.43% | ||||
| 801 and Above | 19,418 | 29.81% | 3,232,989,940.37 | 28.76% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
(1) With respect to STEP loans, the Current LTV and Original LTV do not include amounts drawn in respect of (i) Other STEP Products, or (ii) Additional STEP Loans which are not yet included in the cover pool, which in each case are secured by the same property.
(2) With respect to STEP loans, the Authorized LTV includes amounts drawn or available to be drawn in respect of Other STEP products and subsequent STEP Loans, which in each case are or will be secured by the same property.
| |
Scotiabank Global Registered Covered Bond Program Monthly Investor Report | ||
| Calculation Date: | 2/3/2014 | ||
| Distribution Date: | 2/14/2014 | ||
| Portfolio Rate Type Distribution | ||||||||
| Rate Type | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| Fixed | 47,314 | 72.62% | 8,204,248,103.47 | 72.99% | ||||
| Variable | 17,835 | 27.38% | 3,035,657,734.29 | 27.01% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
| Portfolio Mortgage Asset Type Distribution(1) | ||||||||
| Mortgage Asset Type | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| STEP | 57,352 | 88.03% | 9,419,683,549.32 | 83.81% | ||||
| Non-STEP | 7,797 | 11.97% | 1,820,222,288.44 | 16.19% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
| Portfolio Occupancy Type Distribution | ||||||||
| Occupancy Type | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| Not Owner Occupied | - | 0.00% | - | 0.00% | ||||
| Owner Occupied | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
| Portfolio Mortgage Rate Distribution | ||||||||
| Mortgage Rate (%) | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| 3.4999 and Below | 47,370 | 72.71% | 8,674,967,206.65 | 77.18% | ||||
| 3.5000 - 3.9999 | 12,214 | 18.75% | 1,866,631,878.73 | 16.61% | ||||
| 4.0000 - 4.4999 | 3,795 | 5.83% | 491,442,458.29 | 4.37% | ||||
| 4.5000 - 4.9999 | 1,097 | 1.68% | 131,903,532.92 | 1.17% | ||||
| 5.0000 - 5.4999 | 516 | 0.79% | 60,308,999.72 | 0.54% | ||||
| 5.5000 - 5.9999 | 113 | 0.17% | 11,361,427.00 | 0.10% | ||||
| 6.0000 - 6.4999 | 30 | 0.05% | 2,575,524.46 | 0.02% | ||||
| 6.5000 - 6.9999 | 7 | 0.01% | 438,343.65 | 0.00% | ||||
| 7.0000 - 7.4999 | 3 | 0.00% | 146,269.71 | 0.00% | ||||
| 7.5000 - 7.9999 | 4 | 0.01% | 130,196.63 | 0.00% | ||||
| 8.0000 - 8.4999 | - | 0.00% | - | 0.00% | ||||
| 8.5000 and Above | - | 0.00% | - | 0.00% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
| Portfolio Current LTV Distribution(2) | ||||||||
| Mortgage Rate (%) | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| 20.00 and Below | 7,031 | 10.79% | 315,741,774.76 | 2.81% | ||||
| 20.01-25.00 | 2,713 | 4.16% | 240,884,976.27 | 2.14% | ||||
| 25.01-30.00 | 3,273 | 5.02% | 335,112,383.92 | 2.98% | ||||
| 30.01-35.00 | 3,802 | 5.84% | 452,779,479.63 | 4.03% | ||||
| 35.01-40.00 | 4,349 | 6.68% | 605,352,577.96 | 5.39% | ||||
| 40.01-45.00 | 4,788 | 7.35% | 742,981,928.33 | 6.61% | ||||
| 45.01-50.00 | 4,446 | 6.82% | 759,252,350.35 | 6.75% | ||||
| 50.01-55.00 | 4,041 | 6.20% | 716,177,319.14 | 6.37% | ||||
| 55.01-60.00 | 4,543 | 6.97% | 885,810,409.30 | 7.88% | ||||
| 60.01-65.00 | 5,057 | 7.76% | 1,092,574,542.37 | 9.72% | ||||
| 65.01-70.00 | 5,557 | 8.53% | 1,261,065,529.40 | 11.22% | ||||
| 70.01-75.00 | 8,455 | 12.98% | 2,043,738,810.45 | 18.18% | ||||
| 75.01-80.00 | 7,094 | 10.89% | 1,788,433,755.88 | 15.91% | ||||
| 80.01 and Above | - | 0.00% | - | 0.00% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% |
(1) All loans included in the STEP and Non-STEP programs are amortizing
(2) With respect to STEP loans, the Current LTV does not include amounts drawn in respect of (i) Other STEP products, or (ii) Additional STEP loans which are not yet included in the cover pool, which in each case are secured by the same property.
| |
Scotiabank Global Registered Covered Bond Program Monthly Investor Report | ||
| Calculation Date: | 2/3/2014 | ||
| Distribution Date: | 2/14/2014 | ||
| Portfolio Remaining Term Distribution | ||||||||
| Remaining Term (Months) | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| Less than 12.00 | 577 | 0.89% | 70,987,564.06 | 0.63% | ||||
| 12.00 - 23.99 | 19,588 | 30.07% | 2,826,398,401.54 | 25.15% | ||||
| 24.00 - 35.99 | 23,831 | 36.58% | 4,100,479,345.40 | 36.48% | ||||
| 36.00 - 41.99 | 9,078 | 13.93% | 1,690,825,058.55 | 15.04% | ||||
| 42.00 - 47.99 | 10,919 | 16.76% | 2,343,711,144.87 | 20.85% | ||||
| 48.00 - 53.99 | 248 | 0.38% | 54,465,383.05 | 0.48% | ||||
| 54.00 - 59.99 | 149 | 0.23% | 30,941,067.31 | 0.28% | ||||
| 60.00 - 65.99 | 298 | 0.46% | 46,882,067.25 | 0.42% | ||||
| 66.00 - 71.99 | 280 | 0.43% | 39,660,816.16 | 0.35% | ||||
| 72.00 and Above | 181 | 0.28% | 35,554,989.57 | 0.32% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
| Portfolio Remaining Principal Balance Distribution | ||||||||
| Remaining Principal Balance ($) | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| 99,999 and Below | 23,206 | 35.62% | 1,278,577,310.92 | 11.38% | ||||
| 100,000 - 149,999 | 12,207 | 18.74% | 1,520,804,994.02 | 13.53% | ||||
| 150,000 - 199,999 | 9,647 | 14.81% | 1,681,143,823.25 | 14.96% | ||||
| 200,000 - 249,999 | 6,725 | 10.32% | 1,505,127,530.69 | 13.39% | ||||
| 250,000 - 299,999 | 4,658 | 7.15% | 1,274,592,824.21 | 11.34% | ||||
| 300,000 - 349,999 | 2,897 | 4.45% | 935,608,071.12 | 8.32% | ||||
| 350,000 - 399,999 | 1,849 | 2.84% | 689,929,512.08 | 6.14% | ||||
| 400,000 - 449,999 | 1,118 | 1.72% | 472,327,678.74 | 4.20% | ||||
| 450,000 - 499,999 | 809 | 1.24% | 382,703,593.37 | 3.40% | ||||
| 500,000 - 549,999 | 478 | 0.73% | 250,398,799.54 | 2.23% | ||||
| 550,000 - 599,999 | 395 | 0.61% | 226,096,704.41 | 2.01% | ||||
| 600,000 - 649,999 | 230 | 0.35% | 143,418,108.69 | 1.28% | ||||
| 650,000 - 699,999 | 189 | 0.29% | 127,169,810.79 | 1.13% | ||||
| 700,000 - 749,999 | 123 | 0.19% | 88,911,373.49 | 0.79% | ||||
| 750,000 - 799,999 | 94 | 0.14% | 72,778,829.94 | 0.65% | ||||
| 800,000 - 849,999 | 80 | 0.12% | 65,863,200.33 | 0.59% | ||||
| 850,000 - 899,999 | 77 | 0.12% | 67,275,923.69 | 0.60% | ||||
| 900,000 - 949,999 | 52 | 0.08% | 48,005,577.04 | 0.43% | ||||
| 950,000 - 999,999 | 60 | 0.09% | 58,171,040.33 | 0.52% | ||||
| 1,000,000 or Greater | 255 | 0.39% | 351,001,131.11 | 3.12% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% | ||||
| Portfolio Property Type Distribution | ||||||||
| Property Type | Number of Loans | Percentage | Principal Balance | Percentage | ||||
| Condo | 7,168 | 11.00% | 1,079,735,103.22 | 9.61% | ||||
| Single Family | 56,574 | 86.84% | 9,898,719,379.69 | 88.11% | ||||
| Multi Family | 1,168 | 1.79% | 217,856,475.01 | 1.89% | ||||
| Other | 239 | 0.37% | 43,594,879.84 | 0.39% | ||||
| Total | 65,149 | 100.00% | 11,239,905,837.76 | 100.00% |
| |
Scotiabank Global Registered Covered Bond Program Monthly Investor Report | ||||
| Calculation Date: | 2/3/2014 | ||||
| Distribution Date: | 2/14/2014 | ||||
| Portfolio Current LTV and Delinquency Distribution by Province |
| Current LTV (%)(1) | |||||||||||||||||
| Province | Delinquency | 20.00 and Below | 20.01-25.00 | 25.01-30.00 | 30.01-35.00 | 35.01-40.00 | 40.01-45.00 | 45.01-50.01 | 50.01-55.00 | 55.01-60.00 | 60.01-65.00 | 65.01-70.00 | 70.01-75.00 | 75.01-80.00 | 80.01 and Above | Total | Percentage Total(2) |
| Alberta | All | 132,765,047 | 48,168,852 | 62,886,103 | 78,930,788 | 89,068,491 | 103,151,259 | 80,794,458 | 77,937,380 | 85,097,654 | 101,134,070 | 118,762,636 | 164,860,143 | 166,438,633 | - | 1,309,995,514 | 11.65% |
| Current and Less Than 30 Days Past Due | 132,765,047 | 48,168,852 | 62,886,103 | 78,930,788 | 88,975,607 | 103,151,259 | 80,794,458 | 77,713,682 | 85,097,654 | 101,134,070 | 118,675,317 | 164,743,822 | 166,019,090 | - | 1,309,055,750 | 99.93% | |
| 30 to 59 Days Past Due | - | - | - | - | 92,885 | - | - | 223,698 | - | - | - | - | - | - | 316,582 | 0.02% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | 54,002 | 419,543 | - | 473,545 | 0.04% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | 87,318 | 62,318 | - | - | 149,636 | 0.01% | |
| British Columbia | All | 223,808,204 | 84,392,317 | 103,046,128 | 117,474,498 | 147,412,169 | 166,540,028 | 151,882,379 | 130,111,606 | 152,413,668 | 176,790,727 | 195,620,983 | 243,306,415 | 281,076,783 | - | 2,173,875,906 | 19.34% |
| Current and Less Than 30 Days Past Due | 223,808,204 | 84,392,317 | 103,046,128 | 117,474,498 | 147,067,346 | 166,344,111 | 151,615,256 | 129,926,625 | 152,413,668 | 175,848,464 | 195,620,983 | 243,306,415 | 281,076,783 | - | 2,171,940,799 | 99.91% | |
| 30 to 59 Days Past Due | - | - | - | - | - | 195,916 | 267,122 | 184,981 | - | 942,263 | - | - | - | - | 1,590,283 | 0.07% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | 344,824 | - | - | - | - | - | - | - | - | - | 344,824 | 0.02% | |
| Manitoba | All | 17,252,685 | 6,267,542 | 9,460,181 | 12,069,758 | 12,095,125 | 13,484,598 | 13,722,854 | 9,732,895 | 12,724,466 | 13,176,489 | 16,356,621 | 23,036,927 | 23,132,253 | - | 182,512,394 | 1.62% |
| Current and Less Than 30 Days Past Due | 17,181,056 | 6,267,542 | 9,460,181 | 12,069,758 | 12,095,125 | 13,484,598 | 13,722,854 | 9,732,895 | 12,724,466 | 13,176,489 | 16,356,621 | 23,036,927 | 23,132,253 | - | 182,440,765 | 99.96% | |
| 30 to 59 Days Past Due | 71,629 | - | - | - | - | - | - | - | - | - | - | - | - | - | 71,629 | 0.04% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| New Brunswick | All | 16,524,955 | 5,639,591 | 7,196,309 | 9,423,016 | 9,522,441 | 11,849,986 | 10,164,548 | 10,715,201 | 11,092,657 | 10,866,721 | 12,371,313 | 17,528,251 | 15,429,550 | - | 148,324,538 | 1.32% |
| Current and Less Than 30 Days Past Due | 16,524,955 | 5,639,591 | 7,196,309 | 9,423,016 | 9,522,441 | 11,849,986 | 10,164,548 | 10,715,201 | 10,987,226 | 10,774,773 | 12,371,313 | 17,528,251 | 15,429,550 | - | 148,127,158 | 99.87% | |
| 30 to 59 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | 91,948 | - | - | - | - | 91,948 | 0.06% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | 105,431 | - | - | - | - | - | 105,431 | 0.07% | |
| Newfoundland | All | 15,561,934 | 7,424,223 | 7,972,452 | 7,069,133 | 11,882,882 | 12,242,857 | 11,667,949 | 14,252,823 | 8,861,030 | 12,843,600 | 13,374,537 | 20,099,707 | 18,854,422 | - | 162,107,550 | 1.44% |
| Current and Less Than 30 Days Past Due | 15,561,934 | 7,424,223 | 7,972,452 | 7,069,133 | 11,882,882 | 12,242,857 | 11,667,949 | 14,252,823 | 8,861,030 | 12,843,600 | 13,374,537 | 20,099,707 | 18,854,422 | - | 162,107,550 | 100.00% | |
| 30 to 59 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| Northwest Territories | All | - | 74,153 | - | 888,972 | 230,500 | - | 40,159 | - | 122,729 | - | 98,607 | 360,622 | 316,614 | - | 2,132,355 | 0.02% |
| Current and Less Than 30 Days Past Due | - | 74,153 | - | 888,972 | 230,500 | - | 40,159 | - | 122,729 | - | 98,607 | 360,622 | 316,614 | - | 2,132,355 | 100.00% | |
| 30 to 59 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| Nova Scotia | All | 25,859,192 | 13,642,444 | 11,639,053 | 20,896,096 | 17,512,408 | 21,368,185 | 19,714,223 | 16,227,293 | 17,834,867 | 18,875,315 | 23,358,090 | 37,008,723 | 29,907,955 | - | 273,843,844 | 2.44% |
| Current and Less Than 30 Days Past Due | 25,859,192 | 13,642,444 | 11,639,053 | 20,896,096 | 17,463,796 | 21,368,185 | 19,714,223 | 16,167,435 | 17,834,867 | 18,875,315 | 23,358,090 | 37,008,723 | 29,803,111 | - | 273,630,530 | 99.92% | |
| 30 to 59 Days Past Due | - | - | - | - | - | - | - | 59,858 | - | - | - | - | 104,844 | - | 164,702 | 0.06% | |
| 60 to 89 Days Past Due | - | - | - | - | 48,612 | - | - | - | - | - | - | - | - | - | 48,612 | 0.02% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| Nunavut | All | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% |
| Current and Less Than 30 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 30 to 59 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| Ontario | All | 585,225,008 | 229,688,118 | 287,888,436 | 323,262,023 | 369,895,385 | 408,856,717 | 376,214,368 | 340,719,859 | 388,418,122 | 432,291,559 | 482,136,122 | 707,969,825 | 665,347,907 | - | 5,597,913,449 | 49.80% |
| Current and Less Than 30 Days Past Due | 585,225,008 | 229,547,586 | 287,888,436 | 323,262,023 | 369,740,270 | 408,856,717 | 376,144,103 | 340,719,859 | 388,049,673 | 432,291,559 | 482,072,099 | 707,969,825 | 664,389,707 | - | 5,596,156,866 | 99.97% | |
| 30 to 59 Days Past Due | - | 140,532 | - | - | 155,115 | - | 70,264 | - | 322,817 | - | - | - | 958,200 | - | 1,646,927 | 0.03% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | 45,632 | - | 64,023 | - | - | - | 109,655 | 0.00% | |
| Prince Edward Island | All | 3,751,502 | 2,430,019 | 1,006,945 | 1,355,230 | 3,226,059 | 3,064,345 | 2,441,071 | 2,929,061 | 2,948,749 | 1,954,145 | 1,086,071 | 4,421,645 | 4,332,008 | - | 34,946,850 | 0.31% |
| Current and Less Than 30 Days Past Due | 3,751,502 | 2,430,019 | 1,006,945 | 1,355,230 | 3,226,059 | 3,064,345 | 2,441,071 | 2,929,061 | 2,948,749 | 1,954,145 | 1,086,071 | 4,421,645 | 4,332,008 | - | 34,946,850 | 100.00% | |
| 30 to 59 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| Quebec | All | 107,675,140 | 39,780,161 | 55,742,367 | 61,337,121 | 71,087,380 | 76,212,122 | 75,963,828 | 68,838,108 | 71,095,349 | 83,208,266 | 87,358,941 | 132,851,095 | 129,246,675 | - | 1,060,396,553 | 9.43% |
| Current and Less Than 30 Days Past Due | 107,675,140 | 39,692,702 | 55,742,367 | 61,337,121 | 71,087,380 | 76,212,122 | 75,963,828 | 68,838,108 | 71,095,349 | 83,208,266 | 87,358,941 | 132,851,095 | 129,022,505 | - | 1,060,084,924 | 99.97% | |
| 30 to 59 Days Past Due | - | 87,459 | - | - | - | - | - | - | - | - | - | - | - | - | 87,459 | 0.01% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | 224,170 | - | 224,170 | 0.02% | |
| Saskatchewan | All | 29,332,731 | 12,734,929 | 12,611,943 | 14,374,898 | 16,949,473 | 14,557,825 | 18,647,593 | 13,834,923 | 19,304,713 | 17,547,437 | 22,048,053 | 35,230,253 | 35,297,289 | - | 262,472,061 | 2.34% |
| Current and Less Than 30 Days Past Due | 29,332,731 | 12,734,929 | 12,611,943 | 14,374,898 | 16,949,473 | 14,557,825 | 18,647,593 | 13,834,923 | 19,304,713 | 17,547,437 | 22,048,053 | 35,230,253 | 35,297,289 | - | 262,472,061 | 100.00% | |
| 30 to 59 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| Yukon | All | 5,212,485 | 1,500,956 | 587,494 | 2,366,352 | 2,940,391 | 3,384,012 | 507,207 | 1,499,295 | 2,396,121 | 1,064,556 | 2,621,338 | 3,244,333 | 4,060,288 | - | 31,384,827 | 0.28% |
| Current and Less Than 30 Days Past Due | 5,212,485 | 1,500,956 | 587,494 | 2,366,352 | 2,940,391 | 3,384,012 | 507,207 | 1,499,295 | 2,396,121 | 1,064,556 | 2,621,338 | 3,244,333 | 4,060,288 | - | 31,384,827 | 100.00% | |
| 30 to 59 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 60 to 89 Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| 90 or More Days Past Due | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | |
| Total | All | 1,162,968,886 | 451,743,306 | 560,037,411 | 649,447,885 | 751,822,702 | 834,711,934 | 761,760,635 | 686,798,444 | 772,310,123 | 869,752,886 | 975,193,312 | 1,389,917,938 | 1,373,440,377 | - | 11,239,905,838 | 100.00% |
| Current and Less Than 30 Days Past Due | 1,162,897,256 | 451,515,315 | 560,037,411 | 649,447,885 | 751,181,267 | 834,516,017 | 761,423,249 | 686,329,907 | 771,836,243 | 868,718,675 | 975,041,970 | 1,389,801,618 | 1,371,733,621 | - | 11,234,480,433 | 99.95% | |
| 30 to 59 Days Past Due | 71,629 | 227,990 | - | - | 248,000 | 195,916 | 337,387 | 468,537 | 322,817 | 942,263 | - | - | 1,063,044 | - | 3,877,582 | 0.03% | |
| 60 to 89 Days Past Due | - | - | - | - | 48,612 | - | - | - | - | 91,948 | - | 54,002 | 419,543 | - | 614,105 | 0.01% | |
| 90 or More Days Past Due | - | - | - | - | 344,824 | - | - | - | 151,064 | - | 151,341 | 62,318 | 224,170 | - | 933,717 | 0.01% | |
(1) With respect to STEP loans, the Current LTV does not include amounts drawn in respect of (i) Other STEP Products, or (ii) Additional STEP Loans which are not yet included in the cover pool, which in each case are secured by the same property.
(2) Percentage Total for "All" loans is calculated as a percentage of total loans in the Portfolio while the Percentage Total for each other delinquency measure is calculated as a percentage of loans within the associated province.
| |
Scotiabank Global Registered Covered Bond Program Monthly Investor Report | ||||
| Calculation Date: | 2/3/2014 | ||||
| Distribution Date: | 2/14/2014 | ||||
| . Portfolio Current LTV Distribution by Credit Bureau Score |
| Current LTV (%)(1) | ||||||||||||||||
| Credit Bureau Score | 20.00 and Below | 20.01-25.00 | 25.01-30.00 | 30.01-35.00 | 35.01-40.00 | 40.01-45.00 | 45.01-50.01 | 50.01-55.00 | 55.01-60.00 | 60.01-65.00 | 65.01-70.00 | 70.01-75.00 | 75.01-80.00 | 80.01 and Above | Total | Percentage Total |
| Score Unavailable | 1,080,846 | 398,078 | 824,750 | 616,190 | 1,927,326 | 1,887,234 | 1,613,436 | 2,045,290 | 1,422,995 | 4,265,095 | 3,813,291 | 6,497,298 | 5,684,003 | - | 32,075,834 | 0.29% |
| 599 and Below | 3,678,771 | 4,049,228 | 4,602,217 | 10,822,578 | 14,400,416 | 13,837,833 | 12,100,077 | 3,873,204 | 5,179,218 | 4,764,284 | 6,260,774 | 13,965,741 | 10,845,403 | - | 108,379,744 | 0.96% |
| 600 - 650 | 7,734,902 | 6,776,714 | 9,876,316 | 20,319,872 | 22,287,880 | 27,724,543 | 37,331,489 | 8,374,013 | 8,974,030 | 11,783,436 | 22,966,026 | 33,094,293 | 32,845,284 | - | 250,088,798 | 2.23% |
| 651 - 700 | 26,632,817 | 27,054,698 | 31,819,375 | 46,276,076 | 69,729,204 | 83,178,587 | 61,270,977 | 36,514,022 | 40,398,305 | 52,625,156 | 63,698,908 | 94,999,586 | 85,170,422 | - | 719,368,134 | 6.40% |
| 701 - 750 | 42,001,388 | 35,838,819 | 50,658,578 | 63,152,293 | 96,000,997 | 113,009,707 | 105,630,593 | 78,649,612 | 106,331,256 | 138,935,177 | 161,856,874 | 308,232,760 | 265,854,686 | - | 1,566,152,740 | 13.93% |
| 751 - 800 | 122,750,330 | 92,910,403 | 126,377,835 | 171,433,249 | 228,433,014 | 291,328,120 | 321,296,523 | 341,491,873 | 440,270,351 | 569,144,470 | 649,032,263 | 1,048,059,399 | 928,322,820 | - | 5,330,850,648 | 47.43% |
| 801 and Above | 111,862,720 | 73,857,036 | 110,953,314 | 140,159,223 | 172,573,741 | 212,015,904 | 220,009,256 | 245,229,306 | 283,234,255 | 311,056,923 | 353,437,393 | 538,889,733 | 459,711,137 | - | 3,232,989,940 | 28.76% |
| Total | 315,741,775 | 240,884,976 | 335,112,384 | 452,779,480 | 605,352,578 | 742,981,928 | 759,252,350 | 716,177,319 | 885,810,409 | 1,092,574,542 | 1,261,065,529 | 2,043,738,810 | 1,788,433,756 | - | 11,239,905,838 | 100.00% |
(1) With respect to STEP loans, the Current LTV does not include amounts drawn in respect of (i) Other STEP Products, or (ii) Additional STEP Loans which are not yet included in the cover pool, which in each case are secured by the same property.
| This ‘10-D/A’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 7/17/14 | 10-D/A | ||
| 6/12/14 | ||||
| For Period End: | 1/31/14 | 10-D, 10-D/A | ||
| 1/14/14 | 424B5 | |||
| 7/29/13 | 424B2, 424B5 | |||
| List all Filings | ||||