Business Context and Reporting Period
This Form 6-K filing by The Bank of Nova Scotia (Scotiabank) and Scotiabank Covered Bond Guarantor Limited Partnership covers the month of January 2015. The report relates to the Registrants' U.S.$15,000,000,000 global covered bond program registered under the National Housing Act (Canada) and the Canadian Registered Covered Bond Programs Guide.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the legal documentation and amendments regarding the covered bond program rather than operational financial performance.
Material Changes
The primary material change reported is the execution of updated legal agreements for the covered bond program dated December 4, 2014:
- Second Amended and Restated Trust Deed: This document supersedes and replaces the previously filed Amended and Restated Trust Deed dated January 22, 2014.
- Amending Agreement to Master Definitions and Construction Agreement: This agreement revises the existing Master Definitions and Construction Agreement to provide program updates.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document serves solely to incorporate the amended trust deed and construction agreement by reference into the Registrants' Form F-3 registration statement.
Investor Verification Checklist
- Verify the terms of the Second Amended and Restated Trust Deed (Exhibit 4.1) to understand changes in the security structure for the covered bond program.
- Review the Amending Agreement to the Master Definitions and Construction Agreement (Exhibit 4.2) for updates to program definitions and construction rules.
- Confirm that the U.S.$15 billion global covered bond program remains registered with Canada Mortgage and Housing Corporation (CMHC).