Let me help you out but there are so many incorrect points that I don't even know where to start.  

"Depositors have been reluctant to purchase Home Capital's GICs and short term deposits at the rate offered because of the perceived risk in the mortgage book."  How GICs are priced is not related to their mortgage book.  They are a function of investor demand and supply in the market.  Your so called "perceived risk" in their mortgage book is wrong as their arrears rate are near historic lows.  Try again.