Acronyms
OSFI
What is the Office of the Superintendent of Financial Institutions?
An independent government agency that supervises the Canadian financial system
A borrower's likelihood of repaying debt is often summarized by this three-digit number
What is a credit score?
Scotiabank moved its main office to this city in 1900
What is Toronto?
What is a deck?
This team member was on national TV for a show that requires you to memorize the dictionary
Who is Mehnaz A. (Spelling Bee)
EBITDA
What is Earnings Before Interest, Tax, Depreciation, and Amortization?
Used to measure a company's overall financial performance and core operating profitability
When a bank lends money at a higher rate than it pays on deposits, the difference is known as this
What is Net Interest Margin (NIM)?
Scotiabank Arena was formerly know by this iconic Canadian brand headquarter in Montreal
Used traditionally for nautical navigation, this term is used to set our guiding objective
What is "north star"?
This team member founded a nursing college
Who is Dani?
CET1
What is Common Equity Tier 1?
A capital adequacy metric, a core Basel III requirement; the bank's highest quality capital ratio
Snoozing on this concept could cost you: its why "I'll pay you back next year" is never the same deal as cash today
What is Time Value of Money?
In 1889, Scotiabank opened its first Caribbean branch in this Jamaican city
What is Kingston?
This phrase describes an action significant enough to produce a measurable, noticeable impact
What is "move the needle"?
This team member has ACHOO syndrome
Who is Trish?
HELOC
What is Home Equity Line of Credit?
A revolving line of credit secured by your home's equity
These are the two risks that fixed income investors are concerned about
What are interest rate risk and credit risk?
In 1961, Scotiabank became the first Canadian bank to do this
What is appoint a woman as a bank manager?
This phrase pictures someone working hard at a citrus press only to end up with a few disappointing drops
What is "the juice isn't worth the squeeze"?
CORRA
What is Canadian Overnight Repo Rate Average
Replaced LIBOR and CDOR as Canada's overnight benchmark
This term describes when a bank's assets and liabilities have mismatched maturities, exposing it to interest rate risk
What is the duration gap?
In 1997, Scotiabank paid CAD $1.25Bn to acquire this historic financial institution which acted as a fiduciary and trustee for major corporate and farm mortgages
What is National Trust Co.?
This nautical-sized warning tells a team to narrow their scope instead of trying to tackle absolutely everything at once
What is "don't boil the ocean"?
This team member coached youth hockey for most of a decade
Who is Scott?