Business Context and Reporting Period
This Form 6-K filing covers the month of March 2014 for The Bank of Nova Scotia (Scotiabank) and Scotiabank Covered Bond Guarantor Limited Partnership. The report relates to the U.S.$15,000,000,000 global covered bond programme registered under the National Housing Act (Canada) and the Canadian Registered Covered Bond Programs Guide by Canada Mortgage and Housing Corporation (CMHC).
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 structure and amendments to the covered bond programme rather than operational financial performance.
Material Changes
The primary material change reported is the submission of amended transaction agreements to further comply with Part I.1 of the National Housing Act and the Guide. These amendments include:
- Trust Deed (amended and restated as of January 22, 2014).
- Mortgage Sale Agreement (amended and restated as of January 7, 2014).
- Master Definitions and Constructions Agreement, Agency Agreement, and Security Agreement (amended and restated as of September 24, 2013).
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are detailed beyond the regulatory compliance requirements for the covered bond programme. There are no unusual items reported in this document.
Investor Verification Checklist
- Verify the effective dates of the amended Trust Deed and Mortgage Sale Agreement.
- Confirm the continued registration status of the programme with CMHC under the National Housing Act.
- Review the full text of the amended transaction agreements (Exhibits 4.1 through 4.5) for specific covenant changes.
- Check subsequent filings for any updates to the $15 billion programme capacity or issuance activity.