# EDGAR Filing Document

**Accession Number:** 0000926171
**File Stem:** 0000926171-25-000009
**Filing Date:** 2025-8
**Character Count:** 9863
**Document Hash:** e9fcb118d783ff1f83c05f2d733505c1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000926171-25-000009.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0000926171-25-000009

**CONFORMED SUBMISSION TYPE**: SBSE-A/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250804

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONAL BANK OF CANADA /FI/
- **CENTRAL INDEX KEY:** 0000926171
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A8
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** SBSE-A/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 026-00204
- **FILM NUMBER:** 251178942

**BUSINESS ADDRESS:**
- **STREET 1:** NATIONAL BANK PLACE
- **STREET 2:** 800 SAINT-JACQUES STREET
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3C 1A3
- **BUSINESS PHONE:** 347-443-2424

**MAIL ADDRESS:**
- **STREET 1:** NATIONAL BANK PLACE
- **STREET 2:** 800 SAINT-JACQUES STREET
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3C 1A3

### Attached PDF Documents

**Attachment 1:** `summaryofchangest080125.pdf`

_No text found in this document._

**Attachment 2:** `opinionofcounsel.pdf`

_No text found in this document._

**Attachment 3:** `nbc7r.pdf`

_No text found in this document._

## Form SBSE-A: Registration for Security-Based Swap Dealers

### Applicant Information

**Full Applicant Name:** NATIONAL BANK OF CANADA /FI/

**NFA Number:** 503705

**IRS Employer ID No.:** 00-0000000

**CIK:** 0000926171

**Main Address:** NATIONAL BANK PLACE, 800 SAINT-JACQUES STREET, MONTREAL, A8, H3C 1A3

**Business Telephone:** 347-443-2424

**Contact Employee:**

- **Name:** Christina Ciaffone

- **Title:** Director, Swap Dealer Compliance

- **Phone:** 347-443-2424

- **Email:** cciaffone@nbf-us.com

**Chief Compliance Officer:**

- **Name:** NIZAR ARAJI

- **Title:** VP & CCO, FINANCIAL MARKETS

- **Phone:** 514-879-5355

- **Email:** NIZAR.ARAJI@BNC.CA

### Business and Activities

**Registered as Swap Dealer?:** Yes

**Registered as Swap Participant?:** No

**Uses Mathematical Models?:** Yes

**Is a Non-Resident Entity?:** No

**Subject to Prudential Regulator?:** Yes

**Is an Investment Advisor?:** No

**Engaged in Other Business?:** Yes

**Holds Customer Funds?:** Yes

**Prudential Regulators:** The Federal Reserve Board

**Description of Business:**
Founded in 1859, National Bank of Canada offers financial services to individuals, businesses, institutional clients and governments across Canada. National Bank of Canada is one of Canada's six systemically important banks. National Bank of Canada operates through three business segments in Canada--Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment U.S. Specialty Finance and International complements the growth of our domestic operations.

### Control and History

**Are records kept by another entity?:** Yes

**Does another entity hold funds on behalf of applicant?:** Yes

**Is control exercised through an agreement?:** No

**Is applicant financed by another entity?:** No

**Is applicant succeeding a prior entity?:** No

**Subject to foreign regulation?:** Yes

**Number of Principals:** 14

### Schedule A: Principals

| Name                  | Title or Status                                              | Date Acquired   | Date Began Working   | Ownership         |   NFA ID No. |
|:---|:---|:---|:---|:---|---:|
| DAVID SKURKA          | EVP, MD & CO-HEAD, CORPORATE & INVESTMENT BANKING            | 11/2020         | 01/2019              | NA - less than 5% |       539863 |
| ETIENNE DUBUC         | EVP and MD, Head of Financial Markets                        | 11/2020         | 01/2005              | NA - less than 5% |       539861 |
| MARIE CHANTAL GINGRAS | Chief Financial Officer for National Bank of Canada          | 04/2022         | 08/1998              | NA - less than 5% |       547756 |
| KARSTEN HOWES         | Senior Vice President - Capital Markets & Treasury Risk Mgmt | 12/2022         | 08/2014              | NA - less than 5% |       539992 |
| LAURENT FERREIRA      | PRESIDENT & CHIEF EXECUTIVE OFFICER                          | 11/2021         | 02/1998              | NA - less than 5% |       539860 |
| MARTIN-PIERRE ROUSSEL | EVP & CO-HEAD, CORPORATE AND INVESTMENT BANKING              | 11/2020         | 10/2020              | NA - less than 5% |       539968 |
| MIGUEL LACASSE        | EVP & MD, CO-HEAD GLOBAL FUNDING & TREASURY                  | 11/2020         | 01/1999              | NA - less than 5% |       539864 |
| NIZAR ARAJI           | VP & CHIEF COMPLIANCE OFFICER, FINANCIAL MARKETS             | 06/2020         | 01/2019              | NA - less than 5% |       539996 |
| SEAN ST-JOHN          | EVP & MD, CO-HEAD FIXED INCOME, CURRENCIES & COMMODITIES     | 01/2019         | 01/2021              | NA - less than 5% |       539999 |
| YURY SHMUYLOVICH      | EVP & MD, CO-HEAD GLOBAL FUNDING & TREASURY                  | 01/2018         | 07/2004              | NA - less than 5% |       539958 |
| JEAN-FRANCOIS TESSIER | EVP and MD, Hd of CO, Co-Hd of Risk Mgmt Sol and Str Prods   | 11/2022         | 04/2002              | NA - less than 5% |       552548 |
| MARTIN VERSCHUERE     | EVP and MD, Hd of Cur and EQ, Co-Hd of Str Prods             | 11/2022         | 12/2000              | NA - less than 5% |       552592 |
| ERIN KELEHER          | Vice President, Managing Director & Head, Financial Resource | 12/2023         | 12/2015              | NA - less than 5% |       561824 |
| JEAN-MICHEL GOSSELIN  | VP Financial Markets Operations                              | 06/2025         | 06/2009              | NA - less than 5% |       571976 |

### Schedule B: Explanations

**Description:**
Personal & Commercial (banking services, credit services, financing, investment solutions, insurance), Wealth management (private banking, trust and estate services), Financial Markets (corporate banking, investment banking), and U.S. Specialty Finance and International.

**Records Keeper:**

- **Name:** ICE Data Services Inc.

  - **Address:** 32 Crosby Drive, Bedford, MA, 01730

  - **Effective Date:** 07-05-2016

  - **Arrangement:** Chat/Communication tool. Surveillance of FO Communication.

- **Name:** Global Relay Communications Inc.

  - **Address:** 220 Cambie Street, 2nd Floor, Vancouver, A1, V6B 2M9

  - **Effective Date:** 07-11-2016

  - **Arrangement:** Chat/Communication tool. Surveillance of FO Communication.

- **Name:** Amazon

  - **Address:** 40 King St W 47th floor, Toronto, A6, M5H 4A9

  - **Effective Date:** 03-10-2016

  - **Arrangement:** NBC uses AWS' data Centre (cloud service patterns: Iaas, Pass, Saas-infrastructure, platform, software).

- **Name:** Bloomberg L.P.

  - **Address:** 731 Lexington Avenue, New York, NY, 10022

  - **Effective Date:** 03-03-2013

  - **Arrangement:** Vault & Chat/Communication tool. Surveillance of FO Communication.

- **Name:** Iron Mountain

  - **Address:** 1 Federal St., Boston, MA, 02110

  - **Effective Date:** 03-01-2020

  - **Arrangement:** Physical & soft record keeping/archiving. Legal (ISDA)

- **Name:** Microsoft Corporation

  - **Address:** One Microsoft Way, Redmond, WA, 98052

  - **Effective Date:** 04-01-2021

  - **Arrangement:** Chat/Communication tool.

- **Name:** FIS Global

  - **Address:** 601 Riverside Avenue, Jacksonville, FL, 32204

  - **Effective Date:** 01-01-2020

  - **Arrangement:** FIS-Adaptiv application that allows to manage counterparty risk by calculating PFE (Potential Future Exposure) & the XVA (Valuation Adjustments).

- **Name:** Broadridge Financial Solutions Inc.

  - **Address:** 193 Marsh Wall, London, X0, E14 9SG

  - **Effective Date:** 07-17-2017

  - **Arrangement:** Broadridge Investor Communication Solutions - The Company offers proxy mailing, vote processing, shareowner communication, meeting, disclosure, prospectus, analytics, and financial communication solutions.

- **Name:** TriResolve

  - **Address:** Master Samuelsgatan 17, Stockholm, V7, 111 44

  - **Effective Date:** 01-27-2020

  - **Arrangement:** The application performs the swap/derivative portfolio reconciliation with our counterparties' portfolio and performs the reconciliation between the transaction that we have in Murex, and the ones that are reported to DTCC.

- **Name:** IHS Markit

  - **Address:** 25 Ropemaker St., London, X0, EC2Y 9LY

  - **Effective Date:** 12-10-2010

  - **Arrangement:** MarketServ - Supports the complete deal life-cycle from booking to automated confirmation and reconciliation. The system allows deals to be legally confirmed as part of the deal capture process. Dealers receive deals directly from brokers connected to the system (when dealing through a broker).

**Onbehalf:**

- **Name:** JP Morgan Clearing Corp.

  - **Address:** One Metrotech Center North, Brooklyn, NY, 11201

  - **Effective Date:** 08-01-2011

  - **Arrangement:** JP Morgan provides clearings services for the Bank.

- **Name:** BNY Mellon

  - **Address:** One Wall Street, New York, NY, 10286

  - **Effective Date:** 11-01-2010

  - **Arrangement:** BNY Mellon provides custody services for the Bank.

- **Name:** ICE LINK

  - **Address:** 32 Crosby Drive, Bedford, MA, 01730

  - **Effective Date:** 10-17-2018

  - **Arrangement:** Trade Affirmation Tool : Traders discuss with their counterparties directly (or the broker) via a SEF platform. Transactions are sent to ICE Link, then the two parties have to confirm the trade details. When the two parties have agreed on the detail, the trade goes to the clearing house.

### Execution

**Date:** 08-04-2025

**Name of Applicant:** NATIONAL BANK OF CANADA /FI/

**Signature:** NIZAR ARAJI

**Printed Name:** NIZAR ARAJI

**Title:** VP & CCO, FINANCIAL MARKETS