09:58 AM EST - Toronto Dominion Bank : Confirmed it entered into an amended Insured Deposit Account Agreement with The Charles Schwab Corporation. TD and Schwab amended the IDA to reflect the current market and interest rate environment. The revised agreement extends the term by three years to July 1, 2034, and provides for lower deposit balances in its first six years, for higher balances in the latter years. Specifically, until September 2025, the aggregate amount of fixed rate obligations will serve as the floor. Thereafter, the floor will be set at US$60 billion up from US$50 billion in the existing agreement. This robust agreement provides TD with greater certainty around future deposit balances while providing Schwab additional flexibility and strengthening TD's partnership with Schwab. Toronto Dominion Bank
shares T.TD are trading up $1.07 at $82.74.
