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Disclaimer and Terms of Use

Access to the Group Funding site is subject to the following restrictions and terms:

The material on this site (this page and other pages accessed through this page) is restricted to persons who are "wholesale clients" within the meaning of section 761G of the Corporations Act 2001 (Cth) (Corporations Act). If you are a "retail client" within the meaning of section 761G of the Corporations Act (e.g. you are not a professional investor in securities) or we would be required to provide you with a regulated offer document in relation to any offer that we may make to you, you should not access this site.

The information on this site:

  • Does not constitute and is not intended to constitute an offer or invitation in relation to the issue, sale or purchase of any securities or financial products as those terms are used in the Corporations Act including but not limited to shares in the capital of Commonwealth Bank;
  • Does not constitute an offer of securities for sale in the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”). It is not intended that the securities will be registered under the Securities Act or any U.S. state securities laws; and
  • Is not intended to constitute general or specific securities or financial product advice or a recommendation. The information does not take into account the investment objectives, financial situation and particular needs of any particular investor. Before making an investment decision on the basis of the information, you should consider whether it is appropriate in light of your particular investment needs, objectives and financial circumstances. We recommend that you consult with your professional advisers before making any form of investment; and
  • With regard to access to the Prospectus, the information on this page is without prejudice to Article 21(4) of Regulation (EU) 2017/1129 (the Prospectus Regulation).

The Group does not warrant or represent that the information on this site is free from errors or omissions. To the maximum extent permitted by law, neither the Group nor its directors, employees, agents or advisers (Associated Persons) accepts any liability whatsoever for any loss (including, without limitation, any liability arising from any fault or negligence on the part of the Group or its respective Associated Persons) arising from the use of material accessible from this site or otherwise arising in connection with the material on this site. This site will not form the basis of any contract or commitment whatsoever. No sale of any securities described on this site will occur in any jurisdiction in which such offer, invitation, inducement, solicitation, recommendation or sale would be unlawful.

User agreement

By proceeding to access the pages on this site, you confirm and agree that:

  • You are a "wholesale client" and not a "retail client" within the meaning of the Corporations Act;
  • You are either (a) not a "U.S. person" as that term is defined in Regulation S under the Securities Act, are not in the United States, and are not acting for the account or benefit of a U.S. person, or (b) a "qualified institutional buyer" as that term is defined in Rule 144A under the Securities Act;
  • Your access to this site does not violate applicable laws, including the laws of your home jurisdiction; and
  • You have read, understood and accept the Disclaimer and Terms of Use.

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About

  • Our strategy is supported by regular investor engagement and roadshows to ensure the Bank’s international profile is maintained and its credit strength is well understood by investors and intermediaries.

    The Group Funding team is part of Group Treasury. Group Funding is responsible for keeping the ratings agencies informed of all material developments in the Bank’s business which may impact on the credit ratings and therefore affect the cost of the Bank’s wholesale funding.

Funding diversification

  • Group Funding’s role is to ensure that the Bank has ready access to funding from capital markets offshore and in Australia.

    Funding sources of the Group include:

    • Consumer retail funding base, which includes a wide range of retail transaction accounts, savings accounts and term deposits for individual consumers;
    • Small business customer and institutional deposit base; and
    • Wholesale domestic and international funding programs.


    The major borrowing programs are:

    • Euro and US Medium-Term Note Programmes
    • US and Euro Commercial Paper Programmes
    • 3a2 Programme
    • Australian dollar Negotiable Certificates of Deposits
    • Domestic Debt Programme
    • Covered Bond Programme
    • Medallion Securitisation Programme

    Target markets are sophisticated international and domestic, wholesale investors.

    Additional information, including financial, sustainability and regulatory disclosures can be found on the Bank’s Investor Centre. 

Issue parameters

  • Target costs of funds from long-term and short-term debt raisings are set by Group Funding. These are revised from time to time to reflect changing market conditions and the Bank’s appetite for funding.

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Things you should know

  • The information (including any documentation) on this and the following website pages (the Website):

    • Does not constitute and is not intended to constitute an offer, or invitation, inducement, solicitation or recommendation to subscribe for or purchase any securities (as defined in, but not limited to, the Corporations Act 2001 (Cth), the U.S. Securities Act 1933, as amended (Securities Act), the New Zealand Financial Markets Conduct Act 2013  or the UK Financial Services and Markets Act 2000, including but not limited to shares in the capital of Commonwealth Bank or financial products as defined in the Corporations Act (Securities));
    • Does not constitute an offer of Securities for sale in the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the Securities Act) (U.S. Persons). The Securities may not be offered or sold in the United States or to, or for the account or benefit of, U.S. Persons absent registration, or an exemption from the registration requirements of, the Securities Act and any applicable U.S. state securities laws. It is not intended that the Securities will be registered under the Securities Act or any U.S. state securities laws;
    • Is directed at legal entities that are qualified investors as defined in the Regulation (EU) 2017/1129 (the Prospectus Regulation) and in any other circumstances falling within Article 1(4) of the Prospectus Regulation;
    • Is only intended to be available to qualifying high net worth companies, unincorporated associations, trustees and other persons, in each case who fall within the exemption created by article 49(2) of the FSMA (Financial Promotion) Order 2005 (FPO) or are investment professionals as defined within article 19 of the FPO. If you are a person of any other description, you should not act upon the information contained on this Website;
    • Is not directed to any resident of Japan (including any person, corporation or other entity organised under the laws of Japan). The Securities have not been and will not be registered under the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948, as amended; the FIEA) and may not be, directly or indirectly, offered or sold in Japan or to, or for the benefit of, any resident of Japan or to others for re-offering or re-sale, directly or indirectly in Japan, except pursuant to an exemption from the registration requirements of, and otherwise in compliance with, the FIEA and any other applicable laws, regulations and governmental guidelines of Japan, and;
    • Is not intended to constitute general or specific securities advice or a recommendation. The information does not take into account the investment objectives, financial situation and particular needs of any particular investor. Before making an investment decision on the basis of the information, you should consider whether it is appropriate in light of your particular investment needs, objectives and financial circumstances. We recommend that you consult with your professional advisers before making any form of investment.
    • The Group does not warrant or represent that the information on this Website free from errors or omissions or that it is fair or up to date. To the maximum extent permitted by law, neither the Group nor its directors, employees, agents or advisers (Associated Persons) accepts any liability whatsoever for any loss (including, without limitation, any liability arising from any fault or negligence on the part of the Group or its respective Associated Persons) arising from the use of material accessible from this site or otherwise arising in connection with the material on this site. This Website will not form the basis of any contract or commitment whatsoever. No sale of any Securities described on this Website will occur in any jurisdiction in which such offer, invitation, inducement, solicitation, recommendation or sale would be unlawful.