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TD Securities

Asset Securitization

Securitization is a core competency at TD Securities. With significant experience in the Canadian Asset Backed Securities (ABS), Commercial Mortgage Backed Securities (CMBS), Residential Mortgage Backed Securities (RMBS/MBS) and Asset Backed Commercial Paper (ABCP) markets, our team is highly regarded by both issuers and investors.


Located in Toronto, our Asset Securitization team is comprised of 10 securitization professionals with complementary experience in the fields of accounting, corporate law, risk management, credit ratings, fixed income portfolio management, and corporate finance. We work closely with a distribution team that has been instrumental in pioneering the securitization markets in Canada and in making TD Securities one of the top dealers of ABCP and ABS.


Our group is involved in the entire securitization process from initial due diligence and seller reviews through to documentation, structuring, distribution and ongoing monitoring of our securitization programs. We are focused on traditional asset classes originated by large Canadian and multi-national corporations, many of which are important clients of The Toronto-Dominion Bank.


All of our ABCP Conduits are sponsored by The Toronto-Dominion Bank and are backed by full Global Liquidity Facilities.


To ensure our clients are kept abreast of major developments in the Canadian securitization markets, we produce the following two Canadian Market Reports:


Canadian ABS & MBS Market Monthly Report

  • ABS and MBS pricing updates and historical trends
  • Canadian Term ABS and ABCP market commentaries
  • Detailed ABS and ABCP Performance and Asset Composition Information

CMBS Quarterly Review

  • CMBS pricing updates and historical trends
  • Canadian Term CMBS market commentaries
  • New and existing CMBS issue performance

Our publications are produced solely for the use of TD Securities' clients. If you are an existing client and would like to be added to our e-mail distribution list, please contact us at If you would like to become a client, please refer to the Key Contacts to speak with a structuring or sales professional.



Residential Mortgage Trading


TD Securities is a CMHC approved Issuer of NHA MBS and an approved Seller into the Canada Mortgage Bond Program and is the second largest Canadian Bank-owned residential mortgage aggregator. Based in Toronto, the Residential Mortgage Trading team has extensive experience in the areas of insured residential mortgage origination and securitization, mortgage credit and market risk management, as well as in-depth regulatory knowledge and expertise. The desk also provides CMB-related intermediation and prepayment swaps and other innovative solutions for mortgage lenders, including synthetic mortgage warehousing and IO strip trades.




TD Securities (USA) LLC is a member of SIPC and FINRA (see FINRA BrokerCheck).

TD Securities Inc. is a member of CIPF and IIROC.

More Information
August 06, 2020
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Key Contacts

Brad Purkis
Managing Director, Asset Securitization Group
416 982 2515Click to mail
David Hyland
Director, Securitization Trading
416 307 6308Click to mail
Joel Starkes
Managing Director, Residential Mortgage Trading
416 983 2712Click to mail