Royal Bank of Canada Q3 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : My daughter wanted me to ask if the Avion card really helps you get the Taylor Swift ticket but I'll stick to a couple of questions on the Canadian bank here. The deposit flows, and we've all seen the improvement there and stabilization of pricing in mix. I'm just wondering, one of your major competitors is -- seems to be playing catch-up on GIC pricing in the last couple of months. And I'm wondering if that could be at all disruptive to what has been an improving trend? And then my second question is on the mortgages. And correct me if I'm wrong, but I don't believe your floating rate fixed payment mortgages negatively amortized. I'm wondering if that is correct, is there an accounting or capital impact because if I'm trying to simplify things, those borrowers aren't actually paying you as much as they should, it should otherwise be negatively amortizing.

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Just to follow up on the negatively -- So if it did, what you would see is the loan balances would grow the excess payment that you're not receiving. I'm just -- there's no accounting or capital impact for your particular product line?