Contents
- The Board of Directors of the Canada Deposit Insurance Cor…
- Definitions
- Annual Premium
- Premium Category
- Transitional Provisions, Amendments to this By-law, Consequential and Related Amendments, Repeal and Coming into Force
- Schedule 1 (Paragraph 2(1)(b) and subsections 2(2) and (3) and 3(2))
- Schedule 2 (Section 6)
- Schedule 3 (Paragraphs 8(2)(a) and (4)(a))
The Board of Directors of the Canada Deposit Insurance Corporation makes the annexed Canada Deposit Insurance Corporation Differential Premiums By-law under subsection 21(2) of the Canada Deposit Insurance Corporation Act.notenoteOttawa, August 25, 2025The Minister of Finance, under subsection 21(3) of the Canada Deposit Insurance Corporation Act, approves the annexed Canada Deposit Insurance Corporation Differential Premiums By-law, made by the Board of Directors of the Canada Deposit Insurance Corporation.notenoteOttawa, August 25, 2025Le ministre des Finances,François-Philippe ChampagneMinister of Finance
Definitions
1Definitions#
The following definitions apply in this By-law.
Act means the Canada Deposit Insurance Corporation Act. (Loi)
fall return means a return referred to in paragraph 5(1)(a). (déclaration automnale)
new, with respect to a member institution, means that the member institution has been operating as a member institution for less than two full premium years and, if it was formed by an amalgamation, none of its amalgamating institutions were member institutions immediately before the amalgamation. (nouvelle)
spring return means a return referred to in paragraph 5(1)(b). (déclaration printanière)
stage of intervention means a stage of intervention that is assigned as a result of an assessment carried out in accordance with the Guide to Intervention for Federally Regulated Deposit-Taking Institutions, published by the Office of the Superintendent of Financial Institutions, as amended from time to time. (stade d’intervention)
subsidiary has the same meaning as in section 2 of the Bank Act. (filiale)
note
Annual Premium
2Calculation#
(1)For the purposes of paragraphs 21(1)(a) and 23(1)(a) of the Act, the annual premium for a member institution is the greater of
(a)$5,000, and
(b)subject to subsections (2) and (3), the result determined in accordance with the formula
(2)If a member institution’s fall return is submitted after October 31 of the year preceding the premium year but before July 3 of the premium year, C in the formula in paragraph (1)(b) is replaced by the formula
(3)If a member institution’s spring return is submitted after April 30 of the calendar year in which the premium year begins but before July 3 of the premium year, D in the formula in paragraph (1)(b) is replaced by the formula
(4)Despite subsection (1), for the purposes of paragraphs 21(1)(a) and 23(1)(a) of the Act, the annual premium for a member institution for the premium year that begins on May 1, 2026 is the greater of
(a)$5,000, and
(b)the result determined in accordance with the formula
Premium Category
Classification
3Corporation’s obligation#
(1)The Corporation must, not later than January 15 and July 15 of each year, notify every member institution of the premium category in which the member institution is, as of those dates, to be classified in accordance with subsections (2) to (8).
(2)Subject to subsections (3) to (8), the premium category in which a member institution is to be classified as of January 15 or July 15 is the category set out in column 1 of Schedule 1 that corresponds to the member institution’s total score set out in column 2, as determined under section 4 for the purpose of its classification as of that date.
(3)A new member institution must be classified in premium category 2 unless it
(a)has been assigned a stage of intervention;
(b)is a bridge institution;
(c)is a subsidiary of another member institution; or
(d)has a subsidiary that is a member institution that is not new.
(4)A new member institution that has been assigned a stage of intervention must, unless it is also a member institution referred to in paragraph (3)(c) or (d), be classified in premium category 3.
(5)A member institution that is a bridge institution must be classified in premium category 1.
(6)A member institution that is a subsidiary of another member institution must be classified in the same premium category in which the member institution of which it is a subsidiary is classified, unless that member institution is new and the subsidiary member institution is not new.
(7)A member institution that was formed by an amalgamation must, if all of its amalgamating member institutions would be new if they were still operating, be classified in
(a)premium category 2; or
(b)premium category 3, if the amalgamated member institution has been assigned a stage of intervention.
(8)A member institution must be classified in premium category 5 if
(a)in the case of a January 15 classification, the member institution has not submitted before that date any fall return that it was required to submit in the previous calendar year; or
(b)in the case of a July 15 classification, the member institution has not submitted before July 3 any spring return that it was required to submit in that calendar year.
Total Score
4Calculation#
(1)A member institution’s total score is equal to the sum of
(a)for the purpose of its classification as of January 15 of a calendar year,
(i)its fall quantitative score for the premium year that begins in that calendar year, as determined under subsection 7(1), (2) or (3), and
(ii)its fall qualitative score for the premium year that begins in that calendar year, as determined under section 10; or
(b)for the purpose of its classification as of July 15 of a calendar year,
(i)its spring quantitative score for the premium year that begins in that calendar year, as determined under subsection 7(1), (2) or (4), and
(ii)its spring qualitative score for the premium year that begins in that calendar year, as determined under section 10.
(2)Despite subsection (1), the total score for a member institution that started operating as a member institution during the premium year that ends in the calendar year in which the classification occurs, that was not formed by an amalgamation involving a member institution and that has at least one subsidiary that is a member institution that meets the following requirements is equal to the highest total score of any such subsidiary:
(a)the subsidiary is not new;
(b)the subsidiary was not, on the day before the day on which the member institution started to operate as a member institution, a subsidiary of another member institution; and
(c)the subsidiary is not, on the day on which the classification occurs, a subsidiary of another member institution.
Quantitative Factors
5Submission of documents#
(1)Every member institution must submit to the Corporation
(a)not later than October 31 of each year, a return in the form required by the Corporation under subsection 22(1) of the Act, completed using data as of the end of the second quarter of the current financial year of the member institution and in accordance with the instructions that are, as of the day on which the return is submitted, set out in the Differential Premiums Manual, published by the Corporation and made available on its website;
(b)not later than April 30 of each year, a return in the form required by the Corporation under subsection 22(1) of the Act, completed using data as of the end of the most recent financial year of the member institution that ended before that date and in accordance with the instructions that are, as of the day on which the return is submitted, set out in the Differential Premiums Manual, published by the Corporation and made available on its website;
(c)not later than April 30 of each year, the Basel III Capital Adequacy Reporting – Credit, Market and Operational Risk return, completed as of the end of the second and fourth quarters of the two preceding financial years of the member institution in accordance with the Capital Adequacy Requirements (CAR) – Guideline, issued by the Office of the Superintendent of Financial Institutions, as amended from time to time;
(d)not later than April 30 of each year, any of the following documents that the member institution was required to submit to the Superintendant, completed as of the end of the second and fourth quarters of the two preceding financial years of the member institution in accordance with the financial reporting instructions published by the Office of the Superintendent of Financial Institutions:
(i)the Consolidated Statement of Comprehensive Income, Retained Earnings and AOCI,
(ii)the Return of Allowances for Expected Credit Losses,
(iii)the Consolidated Monthly Balance Sheet,
(iv)Section III of the Mortgage Loans Report,
(v)the Non-Mortgage Loans Report (Quarterly),
(vi)the Pledging and REPOS Report,
(vii)the Deposit Liabilities Classified by Institutional Sector Report,
(viii)the Balance Sheet by Booking Location return,
(ix)the Net Stable Funding Ratio Reporting return, if the member institution is a domestic systemically important bank,
(x)the Liquidity Coverage Ratio (LCR) Reporting return, if the member institution is a domestic systemically important bank,
(xi)the Net Cumulative Cash Flow (NCCF) Return,
(xii)the Streamlined Net Cumulative Cash Flow (NCCF) Return,
(xiii)the Leverage Requirements Return, and
(xiv)the Operating Cash Flow Statement return; and
(e)not later than July 2 of each year, if the member institution becomes aware of an error or omission in its fall return or spring return or makes a change to a document submitted under paragraph (c) or (d),
(i)a revised fall return or spring return, or
(ii)a declaration identifying the error, omission or change and indicating that no modification to the member institution’s fall return or spring return is required as a result.
(2)Subsection (1) does not apply to a member institution to which any of subsections 3(3) to (7) or 4(2) apply.
(3)The information provided by a member institution under subsection (1) must be
(a)consistent with audited financial statements prepared as of the end of the applicable financial year of the member institution; and
(b)based on consolidated financial information.
(4)The Corporation may make any necessary adjustments to a fall return, spring return or any other document submitted under this section if it has not been completed as required under this section.
6Assignment of scores#
The Corporation must assign to a member institution that submits a fall return before January 15 of the calendar year after the calendar year in which it is due or a spring return before July 3 of the calendar in which it is due, for each factor set out in column 1 of Schedule 2, the score set out in column 3 that corresponds to the description set out in column 2 that, on the basis of the following information, applies to the member institution:
(a)in the case of a fall return, the information that is provided in that return or in any revised fall return referred to in subparagraph 5(1)(e)(i) that it submits before January 15 of the calendar year after the calendar year in which the fall return is due; and
(b)in the case of a spring return, the information that is provided in that return or in any revised spring return referred to in subparagraph 5(1)(e)(i).
7Quantitative score#
(1)A member institution’s fall quantitative score for a premium year is, subject to subsections (2) and (3), equal to the sum of the scores assigned to the member institution under paragraph 6(a) on the basis of the fall return that is due in the previous premium year or, if applicable, the revised fall return. Its spring quantitative score for a premium year is, subject to subsections (2) and (4), equal to the sum of the scores assigned to it under paragraph 6(b) on the basis of the spring return that is due in the previous premium year or, if applicable, the revised spring return.
(2)A member institution’s fall or spring quantitative score is equal to the corresponding sum referred to in subsection (1) multiplied by
(a)one and one fifth, if the member institution has operated as a member institution for less than five full financial years as of the day on which the return on which the score is based is due;
(b)one and one fifth, if the member institution was formed by an amalgamation involving two or more member institutions and has operated as a member institution for less than three full financial years as of the day on which the return on which the score is based is due;
(c)one and one eleventh, if the member institution has been operating as a member institution for at least five but less than six full financial years as of the day on which the return on which the score is based is due; or
(d)one and one eleventh, if the member institution was formed by an amalgamation involving two or more member institutions and has been operating as a member institution for at least three but less than four full financial years as of the day on which the return on which the score is based is due.
(3)The fall quantitative score for a premium year of a member institution that was formed during the previous premium year by an amalgamation involving at least one member institution is equal to the highest fall quantitative score of any of its amalgamating institutions that are member institutions if
(a)the amalgamated institution has a financial year that ends on October 31; or
(b)the amalgamated institution has a financial year that ends on December 31 and the amalgamation occurred after June 30 of the previous premium year.
(4)The spring quantitative score for a premium year of a member institution that was formed during the previous premium year by an amalgamation involving at least one member institution is equal to the highest spring quantitative score of any of its amalgamating institutions that are member institutions if the amalgamation occurred
(a)after October 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on October 31; or
(b)after December 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on December 31.
Qualitative Factors
Examiner’s Rating
8Definition of examiner’s rating#
(1)In this section, examiner’s rating means the rating on a scale of one to eight that is assigned to a member institution by one of the following in the course of carrying out their duties:
(a)in the case of a federal member institution, the Superintendent; and
(2)On January 15 of each calendar year, the Corporation must — to each member institution that has a fall quantitative score determined in accordance with subsection 7(1) or (2) for the premium year that begins in that calendar year — assign
(a)the score set out in column 2 of Schedule 3 that corresponds to the most recent of whichever of the following examiner’s ratings set out in column 1 was available to the Corporation on November 1 of the previous calendar year:
(i)the most recent examiner’s rating assigned to the member institution during the period beginning on May 1 and ending on October 31 of the previous calendar year, and
(ii)the examiner’s rating that was used for the purpose of assigning a score under subsection (3) to the member institution on July 15 of the previous calendar year; or
(b)if none of the examiner’s ratings referred to in paragraph (a) was available to the Corporation on November 1 of the previous calendar year, a score equal to five twelfths of the member institution’s fall quantitative score.
(3)On January 15 of each calendar year, the Corporation must — to each member institution that has a fall quantitative score determined in accordance with subsection 7(3) for the premium year that begins in that calendar year — assign a score equal to the score assigned under subsection (2) to the amalgamating member institution whose fall quantitative score was used under subsection 7(3) to determine the member institution’s fall quantitative score for that premium year.
(4)On July 15 of each premium year, the Corporation must — to each member institution that has a spring quantitative score determined in accordance with subsection 7(1) or (2) for that premium year — assign
(a)the score set out in column 2 of Schedule 3 that corresponds to the most recent of whichever of the following examiner’s ratings set out in column 1 was available to the Corporation on May 1 of that premium year:
(i)the most recent examiner’s rating that was assigned to the member institution in the previous premium year, and
(ii)the examiner’s rating that was used for the purpose of assigning a score to the member institution under this subsection in the previous premium year; or
(b)if none of the examiner’s ratings referred to in paragraph (a) was available to the Corporation on May 1 of that premium year, a score equal to five twelfths of the member institution’s spring quantitative score.
(5)On July 15 of each premium year, the Corporation must — to each member institution that has a spring quantitative score determined in accordance with subsection 7(4) for that premium year — assign a score equal to the score assigned under subsection (4) to the amalgamating member institution whose spring quantitative score was used under subsection 7(4) to determine the member institution’s spring quantitative score for that premium year.
note
Risk and Resolvability Score
9Definitions#
(1)The following definitions apply in this section.
materially non-compliant has the meaning assigned by paragraph 11(4)(c) of the Canada Deposit Insurance Corporation Resolution Planning By-law. (sensiblement non conforme)
partially non-compliant has the meaning assigned by paragraph 11(4)(b) of the Canada Deposit Insurance Corporation Resolution Planning By-law. (partiellement non conforme)
resolution plan has the same meaning as in section 1 of the Canada Deposit Insurance Corporation Resolution Planning By-law. (plan de règlement)
(2)The Corporation must, on January 15 of each calendar year on the basis of information available to the Corporation on November 1 of the previous calendar year and on July 15 of each calendar year on the basis of information available to the Corporation on May 1 of that calendar year, assign one of the following scores to each member institution that is a domestic systemically important bank if the member institution has, for the premium year that begins in that calendar year, a fall quantitative score under section 7 in the case of the January 15 assignment or a spring quantitative score under that section in the case of the July 15 assignment:
(a)15, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law, its resolution plan is compliant with the Canada Deposit Insurance Corporation Resolution Planning By-law and the member institution has not been notified that it is subject to enhanced monitoring by the Corporation;
(b)8, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and
(i)its resolution plan is partially non-compliant and the member institution has not been notified that it is subject to enhanced monitoring by the Corporation, or
(ii)its resolution plan is compliant with the Canada Deposit Insurance Corporation Resolution Planning By-law and the member institution has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution;
(c)5, if
(i)the member institution is non-compliant with any of sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law, its resolution plan is compliant with the Canada Deposit Insurance Corporation Resolution Planning By-law and the member institution has not been notified that it is subject to enhanced monitoring by the Corporation, or
(ii)the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law, its resolution plan is partially non-compliant and the member institution has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution; or
(d)0, if
(i)the member institution’s resolution plan is materially non-compliant,
(ii)the member institution is non-compliant with any of sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and its resolution plan is partially non-compliant, or
(iii)the member institution has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, are very likely to lead to the failure of the member institution.
(3)The Corporation must, on January 15 of each calendar year on the basis of information available to the Corporation on November 1 of the previous calendar year and on July 15 of each calendar year on the basis of information available to the Corporation on May 1 of that calendar year, assign one of the following scores to each member institution that is not a domestic systemically important bank if the member institution has, for the premium year that begins in that calendar year, a fall quantitative score under section 7 in the case of the January 15 assignment or a spring quantitative score under that section in the case of the July 15 assignment:
(a)15, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and has not been notified that it is subject to enhanced monitoring by the Corporation;
(b)8, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution;
(c)5, if the member institution is non-compliant with any of sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and has not been notified that it is subject to enhanced monitoring by the Corporation; or
(d)0, if
(i)the member institution is non-compliant with any of sections 2 to 4 the Canada Deposit Insurance Corporation Data and System Requirements By-law and has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution, or
(ii)the member institution has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, are very likely to lead to the failure of the member institution.
(4)For the purposes of subsections (2) and (3), a member institution that has been a member institution for 18 months or less on the November 1 or May 1 referred to in those subsections is deemed to be compliant on that date with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law.
Qualitative Score
10Calculation#
A member institution’s fall qualitative score for a premium year is equal to the sum of the scores assigned to the member institution under subsection 8(2) or (3) and section 9 on January 15 of the calendar year in which that premium year begins. Its spring qualitative score for a premium year is equal to sum of the scores assigned to it under subsection 8(4) or (5) and section 9 on July 15 of that premium year.
Reclassification
11Fall return after January 14#
If a member institution submits a fall return after January 14 but not later than July 2 of the calendar year after the calendar year in which it was due or submits a revised fall return referred to in subparagraph 5(1)(e)(i) during that period
(a)the Corporation must re-assign to the member institution the scores assigned on the basis of the information referred to in paragraph 6(a) and, if applicable, the score referred to in paragraph 8(2)(b) as if the return had been submitted on or before January 14;
(b)the member institution’s fall quantitative and qualitative scores must be redetermined as if the updated scores referred to in paragraph (a) had been assigned on January 15;
(c)the fall quantitative and qualitative scores of any other member institution that were dependent on the member institution’s scores must be redetermined on the basis of the updated scores; and
(d)if any member institution’s total score under paragraph 4(1)(a) or subsection 4(2), when determined using the revised fall quantitative and qualitative scores, corresponds to a different premium category than the one in which it was originally classified as of January 15, that different premium category becomes the one in which the member institution is classified as of that date and the Corporation must notify the member institution of that premium category within 45 days after the day on which the late or revised return is submitted and, in any event, not later than July 15 of that calendar year.
Transitional Provisions, Amendments to this By-law, Consequential and Related Amendments, Repeal and Coming into Force
Transitional Provisions
12Existing new member institution#
The references to “premium category 2” in the following provisions are to be read, in relation to a member institution that became a member institution before the day on which this By-law comes into force, as “premium category 1”:
(a)clause (iii)(A) of the description of C and clause (ii)(A) of the description of D in the formula in paragraph 2(1)(b);
(b)subsection 3(3); and
(c)paragraph 3(7)(a).
13Existing new staged member institution#
The references to “premium category 3” in clause (iii)(B) of the description of C and clause (ii)(B) of the description of D in the formula in paragraph 2(1)(b) are to be read, in relation to a member institution that became a member institution before the day on which this By-law comes into force, as “premium category 1”.
Amendment to this By-law
Consequential and Related Amendments to the Canada Deposit Insurance Corporation Deposit Insurance Policy By-law
Related Amendment to the Canada Deposit Insurance Corporation Prescribed Practices Premium Surcharge By-law
Repeal
Coming into Force
Schedule 1 · (Paragraph 2(1)(b) and subsections 2(2) and (3) and 3(2))
| Column 1 | Column 2 | Column 3Item | Premium Category | Total Score | Percentage1 | 1 | ≥ 90 | 22.5%2 | 2 | ≥ 80 and < 90 | 27%3 | 3 | ≥ 65 and < 80 | 40.5%4 | 4 | ≥ 50 and < 65 | 72.9%5 | 5 | < 50 | 100%
Schedule 2 · (Section 6)
| Column 1 | Column 2 | Column 3Item | Factor | Description | Score1 | Total Loss Absorbing Capacity (TLAC) Leverage Ratio1 | (a)≥ 110% of the Minimum TLAC Leverage Ratio | 5(b)≥ 100% and < 110% of the Minimum TLAC Leverage Ratio | 3(c)< 100% of the Minimum TLAC Leverage Ratio | 02 | Common Equity Tier 1 (CET1) Capital Ratio and Risk-Based TLAC Ratio1 | (a)CET1 Capital Ratio is ≥ Supervisory Target CET1 Capital Ratio and Risk-based TLAC Ratio is ≥ Supervisory Target Risk-based TLAC Ratio | 5(b)Either CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio or Risk-based TLAC Ratio is < Supervisory Target Risk-based TLAC Ratio | 3(c)CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio and Risk-based TLAC Ratio is < Supervisory Target Risk-based TLAC Ratio | 03 | Leverage Ratio2 | (a)≥ 110% of the Authorized Leverage Ratio | 5(b)≥ 100% and < 110% of the Authorized Leverage Ratio | 3(c)< 100% of the Authorized Leverage Ratio | 04 | CET1 Capital Ratio and Total Capital Ratio2 | (a)CET1 Capital Ratio is ≥ Supervisory Target CET1 Capital Ratio and Total Capital Ratio is ≥ Supervisory Target Total Capital Ratio | 5(b)CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio or Total Capital Ratio is < Supervisory Target Total Capital Ratio | 3(c)CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio and Total Capital Ratio is < Supervisory Target Total Capital Ratio | 05 | CET1 Capital Ratio and Total Capital Ratio3 | (a)CET1 Capital Ratio is ≥ Supervisory Target CET1 Capital Ratio and Total Capital Ratio is ≥ Supervisory Target Total Capital Ratio | 10(b)CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio or Total Capital Ratio is < Supervisory Target Total Capital Ratio | 6(c)CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio and Total Capital Ratio is < Supervisory Target Total Capital Ratio | 06 | Return on Risk-weighted Assets | (a)≥ 1.6% | 5(b)≥ 0.75% and < 1.6% | 3(c)< 0.75% (including negative results) | 07 | Mean Adjusted Net Income Volatility | (a)≥ 0 and ≤ 0.75 | 5(b)> 0.75 and ≤ 1.5 | 3(c)> 1.5 | 0(d)Result is negative or mean net income or loss is 0 | 0(e)Not applicable | 08 | Net Impaired Assets to Total Capital | (a)≥ 0% and < 15% | 5(b)≥ 15% and < 30% | 3(c)≥ 30% | 0(d)< 0% | 09 | Three-Year Moving Average Asset Growth | (a)≤ 15% (including negative results) | 5(b)> 15% and ≤ 40% | 3(c)> 40% | 0(d)Not applicable | 010 | Real Estate Asset Concentration | (a)Ratio of total mortgage loans to sum of total mortgage loans, non-mortgage loans, securities and acceptances (”threshold ratio”) is < 10% | 5(b)Threshold ratio is ≥ 10% and concentration of each mortgage loan type is low-risk | 5(c)Threshold ratio is ≥ 10% and concentration of each mortgage loan type is either low-risk or medium-risk | 3(d)Threshold ratio is ≥ 10% and concentration of at least one mortgage loan type is high-risk | 011 | Asset Encumbrance Measure | (a)Unencumbered Asset Concentration is ≤ 100% | 5(b)Unencumbered Asset Concentration is > 100% and Pledged Asset Ratio is < 40% | 3(c)Unencumbered Asset Concentration is > 100% and Pledged Asset Ratio is ≥ 40% | 012 | Aggregate Commercial Loan Concentration Ratio | (a)Threshold ratio referred to in paragraph (a) of item 10 is > 90% | 5(b)< 100% and threshold ratio referred to in paragraph (a) of item 10 is ≤ 90% | 5(c)≥ 100% and < 300% and threshold ratio referred to in paragraph (a) of item 10 is ≤ 90% | 3(d)≥ 300% and threshold ratio referred to in paragraph (a) of item 10 is ≤ 90% | 013 | High Quality Liquid Assets to Short-Term Funding4 | (a)≥ 15% | 5(b)≥ 10% and < 15% | 3(c)< 10% | 014 | Liquidity Coverage Ratio1 | (a)≥ 110% | 7.5(b)≥ 100% and < 110% | 4(c)< 100% | 015 | Stable Funding Ratio4 | (a)≥ 45% | 5(b)≥ 20% and < 45% | 3(c)< 20% | 016 | Brokered Deposit Ratio4 | (a)< 15% | 5(b)≥ 15% and < 25% | 3(c)≥ 25% | 017 | Net Stable Funding Ratio1 | (a)≥ 110% | 7.5(b)≥ 100% and < 110% | 4(c)< 100% | 0
Schedule 3 · (Paragraphs 8(2)(a) and (4)(a))
| Column 1 | Column 2Item | Examiner’s rating | Score1 | 1 | 252 | 2 | 223 | 3 | 204 | 4 | 155 | 5 | 106 | 6 | 87 | 7 | 08 | 8 | 0
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.