The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: I want to rotate back to the deferral stuff. And on one hand, we see a pretty big decline in the mortgage balances that are deferring payment, but
commercial was up a bit. I would have expected that to be down because the deferral periods, as I understand it, were 3 months, not 6 months.
What's going on there? Are you providing lot more extensions? And then in any cohort, I guess, that's coming off deferral? Do you have any stats
on how many are current versus extensions versus impaired?
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: And my next question for Derek.
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: Graeme, I don't know if you could give us some color on the deferrals, maybe pick the mortgages as to geographic breakdown, #1 and vintage
year of the origination of those mortgages? And whether or not the 1% that you say have gone delinquent, if that also follows the same kind of
pattern? Or is there something a bit more specific for geography or your origination?
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: So just to clarify, Neil, about 5% -- if 75% is 10 plus; 20%, I guess is 3 to 10; then about 5% is less than 3-year relationships?
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: Okay. And the percentage that have gone delinquent, they would follow the same geographic pattern as well, the 1% that you say have gone
delinquent?
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