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WELCOME eGAINS Participants Transitioning to eGAINS Information Sessions PowerPoint PPT Presentation

WELCOME eGAINS Participants Transitioning to eGAINS Information Sessions Hosts:Futures Industry Association (FIA) Clearing Corporation (CCorp) Markit Group Participants:eGAINS Users (London, New York, Chicago) Presentation Schedule (via WebEx)

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WELCOME

eGAINS Participants

Transitioning to eGAINS

Information Sessions


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Hosts:Futures Industry Association (FIA)

Clearing Corporation (CCorp)

Markit Group

Participants:eGAINS Users (London, New York, Chicago)


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Presentation Schedule (via WebEx)

3:30 – 4:30 p.m. (London time)

Agreements: Transition EGUS to eGAINS (Thursday, April 3; Tuesday, April 8)

Trade Processing: Trade Flow, Layout, Reports (Thursday, April 10; Tuesday, April 15)

Banking: Billing Cycle and Money Flow (Thursday, April 17; Tuesday, April 22)

Iterations: Implementation Feedback and Enhancements (Thursday, May 1)

On-Site Training Schedule – London

User training sessions shall be conducted in London June 9-13

Details regarding time and location to follow


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Session 3. Banking: Billing Cycle, Money Flows and Month-End Adjustments

Purpose

Review the end-of-month billing cycle and procedures for managing position changes and money flows .

Fundamental Issue/Question

How are pays/collects managed?


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Session 3. Banking: Banking: Billing Cycle, Money Flows and Month-End Adjustments

Agenda

Participant Banking Instructions and Maintenance (FIA)

JPM Global ACH Overview and System Functionality (FIA)

What is ACH?

Confirmation of Banking Instructions (mechanics, procedures, and deadlines)

Month-End Processing Deadlines (FIA)

Third Party Billing (FIA and CCorp)

Managing Accruals (FIA)


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Session 3. Banking: Banking: Billing Cycle, Money Flows and Month-End Adjustments

Agenda Continued

Reports (CCorp)

Systems Testing (CCorp)

Participating Firm Summary (Banking) To-Do List

Resource Links

Help Desk

Contacts


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Participant Banking Instruction and Maintenance (FIA)

The process of automating give-up pays and collects via eGAINS begins with the up-front documentation – eGAINS Processing Agreement. Further, in order to systemically synchronize pay and collect transmissions with the banking correspondent (JP Morgan Chase), FIA Tech obtained the firms’ Statement of Intent as well as detailed banking instructions.

To facilitate systems testing, FIA Tech is working closely with JP Morgan Chase (JPMC) ensuring firm-provided banking instructions and electronic payment advices generated by JP Morgan Chase flow properly to all banking constituents in advance of the launch.


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JP Morgan Global Automated Clearing House (ACH) Overview and System Functionality (FIA)

What is ACH?

The ACH Network or Low Value Payment System is a highly reliable and efficient batch-oriented electronic funds transfer system. The system provides interbank clearing of electronic payments for participating depository financial institutions. With respect to the eGAINS banking relationship, JP Morgan Chase acts as an intermediary or ACH Operator for transmitting and receiving ACH entries on behalf of FIA Tech. JP Morgan’s Global ACH, an internet-based method for facilitating international cash management, bridges the gap of global complexities (i.e. diverse clearing systems, banking practices, and regulations) by standardizing international pays and collects securely and cost effectively.

The following slides illustrate JP Morgan’s Global ACH transaction flow and participating country payment and debit relationships:


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ACH Transaction Flow - Global

  • JPMorgan Access Global-ACH

  • FIA Tech

  • Global ACH hubs

  • JPMorgan Chase

  • Tampa/Asia

  • Risk monitoring

  • Format conversion

  • Of. of Foreign Asset Control (OFAC) check

  • Distribution

  • Correspondents / JPMorgan Chase branches

  • File validation

  • Format Conversion

  • Distribution

  • Receiving Banks

  • Local Clearing Systems


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JP Morgan Global ACH Network

Payments

Debits

Australia

Belgium 06/07

Canada

China (PRC)

France 04/07

Germany 04/07

Hong Kong

India

Indonesia

Japan

Netherlands 06/07

Singapore

U.K.


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JP Morgan Global ACH Overview and System Functionality (FIA) Continued

Confirmation of Banking Instructions (mechanics, procedures, and deadlines)

As previously indicated, FIA Tech provides monthly pay/collect instructions to JP Morgan Chase and JP Morgan Chase in turn facilitates fund movements through the ACH network or Low Value Payment System.

Even though JP Morgan Chase facilitates month-end pays and collects, it is not necessary to establish a bank account with JP Morgan Chase. However, as ACH facilitator processing pays and collects, JP Morgan Chase must recognize the corresponding bank and ensure money transfers to and from the organization. Therefore please provide detailed banking instructions to FIA Tech as soon as possible – no later than 30 days prior to effective date.

Please be advise of the following ACH system parameters and procedures:

Bank accounts must be segregated by currency type (co-mingling multicurrency accounts is not permitted).


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JP Morgan Global ACH Overview and System Functionality (FIA) Continued

Firm and FIA Tech bank accounts must domiciled in same country of currency (EUR = Germany, GBP = UK, USD = US).

Firms must instruct their bank(s) to release funds to JP Morgan Chase by completing a 3rd Party Debit Authorization Form (typically supplied by your bank and filed by you, the account holder, with your bank); also known as a Direct Debit Mandate. This is a one-time set-up authorizing the release of funds.

Within the context of the direct debit relationship (ensuring against unauthorized debits) each debit requires notice to the debtor (FIA Tech to Firm) in advance of the debit transaction. Notice must include the debit amount and settlement date.

The notification must be received in keeping with the prescribed country’s deadline to effectuate release of funds – the required notice period (if any) varies by country.


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JP Morgan Global ACH Overview and System Functionality (FIA) Continued

FIA Tech established the following banking relationships for facilitating pays and collects:

CurrencyLocationBank NameTransaction LimitSettlement

EURFrankfurtJPMCNo LimitDelivery - 1

GBPLondonJPMCNo LimitDelivery - 2

USDNew YorkJPMCNo LimitDelivery - 1

Q.As an executing and clearing participant, will eGAINS net my pays and collects?

A. No. All payments are gross and viewed by JP Morgan Chase as unique and distinct transactions. Further, even though rates within the give-up agreement may be denominated in the same currency at multiple exchanges, clearing participants are debited on the 17th business day and executing participants are credited on the 60th business day following the clearing firm debit. Hence the timing of pay/collects precludes netting.


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JP Morgan Global ACH Overview and System Functionality (FIA) Continued

Q.In the event I’m debited in error, how do I get the problem resolved?

A. If an erroneous debit (or credit for value other than what was expected) is applied to your bank account by JP Morgan Chase (assuming you’ve verified the pay/collect totals against the eGAINS end-of-month banking reports), please notify your bank (ACH requires, for USD only, notification to your bank within 48 hours of the debit transaction) and contact FIA Tech’s David Wilson (b. 202.466.5460, e. [email protected]). FIA Tech shall research and advise.

Q.What is the process for adding additional currencies into the banking model?

A.Submit a written request to Mary Ann Burns at FIA Tech indicating the currency. FIA Tech shall review and advise within 30 business days.


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JP Morgan Global ACH Overview and System Functionality (FIA) Continued

Q. Will eGAINS observe holiday schedules?

A.eGAINS recognizes holidays common to the European Union, United Kingdom, and the United States. FIA Tech shall adjust debit and credit dates to the degree the payment date(s) coincide with a local holiday. The dates shall be provided in advance of the settlement period. This is subject to change as exchanges and currencies are added to eGAINS.


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Month-End Processing Deadlines (FIA)

Month-end processing deadlines include:

Business DayActivity/Deadline

1st Bus. DayComplete prior month accounting

7th Bus. Day (8 p.m., EST)Deadline for executing firm to correct/adjust trades

15th Bus. Day (8 p.m., EST)Deadline for clearing firm to re-accept or reject trades

16th Bus. DayFIA Tech enters debits into banking system

subject to change based on local clearing cycle requirements

17th Bus. DayClearing firms’ accounts are debited; credit float begins

subject to change based on local clearing cycle requirements

Last Bus. DayDeadline for firms to submit bank changes (names, locations, accounts)

60 Bus. Day from debitEnd of float period (variable)


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Third Party Billing (FIA and CCorp)

Third Party Character Layout Map (EGUS to eGAINS)

EGUS and eGAINS provide functionality unique to the give-up process. FIA, CCorp and Markit are working closely to link processes and map respective characters so as to effectuate third party billing. Update and specific test scenarios shall be developed to monitor report generation, trade flow, and notification.

EGUS, Maintain Rate Schedule, Direct Bill

Allows firms to settle give-up payments outside of eGAINS.

EGUS, Initiate Agreement, Bill to Party (Customer, Trader, Clearing Broker)

Customer and Trader results in settlement outside of eGAINS.

EGAINS, Bill to Third Party

Allows firms to settle within eGAINS direct with customer; suppresses fees and rate schedule from clearing firm view.


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Managing Accruals (FIA)

Pay/collect match-off between the participant’s internal ledger (books) to eGAINS is the responsibility of the participant. eGAINS provides no position or rate reconciliation tool to facilitate an automated comparison.

Since the credit for executed transitions will not post to the executing firm’s bank account for 60 business days, eGAINS provides end-of-month trade, position, and pay/collect summary reports. The reports detail the debit and credit amounts FIA Tech shall publish the specific dates to which the monies shall be credited to or debited from the bank accounts (see following report examples).


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Reports (CCorp)

All end of trade day reports (available T+1) as well as month-end, reports shall be available for online viewing and downloading (ASCII text files). Reports are patterned after GAINS - therefore users, familiar with the former GAINS report (i.e. GNS00001) content and layout, ought be familiar with eGAINS report content and layout.


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Rate Set Differences Daily Report for Executing Participants

GNS00019 CLEARING CORPORATION MM/DD/YY

GIVE-UP AUTOMATED INVOICING SYSTEM (GAINS) HH24:MI:SS

RATE SET DIFFERENCES DAILY REPORT FOR EXECUTING PARTICIPANTS PAGE:No

CUSTOMER NAME: - XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

CARRY PARTICIPANT: - XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

EXECUTING PARTICIPANT: - XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

AGREEMENT NUMBER: - XXXXXXXXXXXXXXXXXXXXX

==============================YESTERDAY'S RATE SETS (OLD)/TODAY'S RATE SETS (NEW)=================================================

TRAN O TRAN CUR OLD/NEW

DATE EXCH COM TYPE C SRC FUT RATE FRT OPT RATE ORT FEE MIN FEE MAX CODE FLAG

======================================================================================================================================

XX/XX XXX XXX X X XX XXXXXXXX.XXX X XXXXXXXX XXX X XXXXXXXXXXXX XXXXXXXXXXX XXX XXX

XXX XXX X X XX XXXXXXXX.XXX X XXXXXXXX.XXX X XXXXXXXXXXXX XXXXXXXXXXX XXX XXX

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

XX/XX XXX XXX X X XX XXXXXXXX.XXX X XXXXXXXX.XXX X XXXXXXXXXXXX XXXXXXXXXXX XXX XXX

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

XX/XX XXX XXX X X XX XXXXXXXX.XXX X XXXXXXXX XXX X XXXXXXXXXXXX XXXXXXXXXXX XXX XXX

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

XX/XX XXX XXX X X XX XXXXXXXX.XXX X XXXXXXXX.XXX X XXXXXXXXXXXX XXXXXXXXXXX XXX XXX

XXX XXX X X XX XXXXXXXX.XXX X XXXXXXXX.XXX X XXXXXXXXXXXX XXXXXXXXXXX XXX XXX

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX


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Trade Detail End of Cycle Report for Executing Participants

GNS00005F CLEARING CORPORATION MM/DD/YY

GIVE UP AUTOMATED INVOICING SYSTEM (GAINS) HH24:MI:SS

TRADE DETAIL END OF CYCLE REPORT FOR EXECUTING PARTICIPANTS – FINAL PAGE: No.

EXECUTING PARTICIPANT: XXXXX - XXXXXXXXXXXXXXXXXX

------------------------------------------------------------------------------------------------------------------------------

P O B S

TRADE EX CA CNTRCT STRIKE / / ORDER TRADE TR TR AGRMNT / G-U RATE G-U FEE T

DATE EX EX COM MON YR PRICE C C NUMBER PRICE SR TY NUMBER CUR QTY S A

------------------------------------------------------------------------------------------------------------------------------

CARRY PARTICIPANT ID: XXXXXX CARRY ACCOUNT: XXXXX CARRY DISPLAY ACCOUNT: XXXXXX EX ACCT: XXXXXX

MM/DD XX XX XXX XX XX XXXXX X X XXXXXXXXXXX XXXXXX XX XX XXXXXXXXXXX XXX XXX X XXXXXX.XXX XXXXXX.XX X

MM/DD XX XX XXX XX XX XXXXX X X XXXXXXXXXXX XXXXXX XX XX XXXXXXXXXXX XXX XXX X XXXXXX.XXX XXXXXX.XX X

SUB TOTAL : XXXX XXXXXXX.XX

CARRY PARTICIPANT ID: XXXXXX CARRY ACCOUNT: XXXXX CARRY DISPLAY ACCOUNT: XXXXXX EX ACCT: XXXXXX

MM/DD XX XX XXX XX XX XXXXX X X XXXXXXXXXXX XXXXXX XX XX XXXXXXXXXXX XXX XXX X XXXXXX.XXX XXXXXX.XX X

MM/DD XX XX XXX XX XX XXXXX X X XXXXXXXXXXX XXXXXX XX XX XXXXXXXXXXX XXX XXX X XXXXXX.XXX XXXXXX.XX X

SUB TOTAL : XXXX XXXXXXX.XX

TOTALS FOR CARRY PARTICIPANT : XXXXXX

TOTAL REVENUE: XXX XXXX XXXXXXX.XX

LESS REJECTED TRADES: XXX XXXX XXXXXXX.XX

NET REVENUE: XXX XXXX XXXXXXX.XX

TOTAL REVENUE: XXX XXXX XXXXXXX.XX

LESS REJECTED TRADES: XXX XXXX XXXXXXX.XX

NET REVENUE: XXX XXXX XXXXXXX.XX

COMBINED TOTAL REVENUE: XXX XXXX XXXXXXX.XX

LESS REJECTED TRADES: XXX XXXX XXXXXXX.XX

COMBINED TOTAL NET REVENUE:XXX XXXX XXXXXXX.XX

COMBINED TOTAL REVENUE: XXX XXXX XXXXXXX.XX

LESS REJECTED TRADES: XXX XXXX XXXXXXX.XX

COMBINED TOTAL NET REVENUE: XXX XXXX XXXXXXX.XX


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Trade Detail End of Cycle Report for Carry Participants

GNS00006F CLEARING CORPORATION MM/DD/YY

GIVE UP AUTOMATED INVOICING SYSTEM (GAINS) HH:MM:SS

TRADE DETAIL END OF CYCLE REPORT FOR CARRY PARTICIPANTS - FINAL PAGE: No.

CARRY PARTICIPANT: XXXXX - XXXXXXXXXXXXXXXXXX

------------------------------------------------------------------------------------------------------------------------------

P O B S

TRADE EX CA CNTRCT STRIKE / / ORDER TRADE TR TR AGRMNT / G-U RATE G-U FEE T

DATE EX EX COM MON YR PRICE C C NUMBER PRICE SR TY NUMBER CUR QTY S A

------------------------------------------------------------------------------------------------------------------------------

EXECUTING PARTICIPANT ID: XXXXXX EX. ACCOUNT: XXXXX CARRY DISPLAY ACCOUNT: XXXXXX CARRY ACCT: XXXXXX

MM/DD XX XX XXX XX XX XXXXX X X XXXXXXXXXXX XXXXXX XX XX XXXXXXXXXXX XXX XXX X XXXXXX.XXX XXXXXX.XX X

MM/DD XX XX XXX XX XX XXXXX X X XXXXXXXXXXX XXXXXX XX XX XXXXXXXXXXX XXX XXX X XXXXXX.XXX XXXXXX.XX X

SUB TOTAL : XXXX XXXXXXX.XX

EXECUTING PARTICIPANT ID: XXXXXX EX. ACCOUNT: XXXXX CARRY DISPLAY ACCOUNT: XXXXXX CARRY ACCT: XXXXXX

MM/DD XX XX XXX XX XX XXXXX X X XXXXXXXXXXX XXXXXX XX XX XXXXXXXXXXX XXX XXX X XXXXXX.XXX XXXXXX.XX X

MM/DD XX XX XXX XX XX XXXXX X X XXXXXXXXXXX XXXXXX XX XX XXXXXXXXXXX XXX XXX X XXXXXX.XXX XXXXXX.XX X

SUB TOTAL : XXXX XXXXXXX.XX

TOTAL FOR EXECUTING PARTICIPANT : XXXXXX

TOTAL REVENUE: XXX XXXX XXXXXXX.XX

LESS REJECTED TRADES: XXX XXXX XXXXXXX.XX

NET REVENUE: XXX XXXX XXXXXXX.XX

TOTAL REVENUE: XXX XXXX XXXXXXX.XX

LESS REJECTED TRADES: XXX XXXX XXXXXXX.XX

NET REVENUE: XXX XXXX XXXXXXX.XX

COMBINED TOTAL REVENUE: XXX XXXX XXXXXXX.XX

LESS REJECTED TRADES: XXX XXXX XXXXXXX.XX

COMBINED TOTAL NET REVENUE: XXX XXXX XXXXXXX.XX

COMBINED TOTAL REVENUE: XXX XXXX XXXXXXX.XX

LESS REJECTED TRADES: XXX XXXX XXXXXXX.XX

COMBINED TOTAL NET REVENUE: XXX XXXX XXXXXXX.XX


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Payment End of Month Report for Executing Participants

GNS00013 CLEARING CORPORATION MM/DD/YY

GIVE-UP AUTOMATED INVOICING SYSTEM (GAINS) HH24:MI:SS

PAYMENT END OF MONTH REPORT FOR EXECUTING PARTICIPANTS PAGE: NO

ALL PARTICIPANTS (PROD & TEST) FOR THE PAYMENT CYCLE = XXXXX

EXECUTING PARTICIPANT: XXX - XXXX, XXXXXXX.

CURRENCY CODE: XXX - XXXXX

--------------------------------------------------------------------------------------------------------

CALCULATED CASH REVENUE ADJUSTED CALCULATE

-- CARRY -- REVENUE ADJUSTMENTS DISPUTED REVENUE ONLY

PARTICIPANT ACCOUNT (+) (+) (-) (=) (Y/N)

--------------------------------------------------------------------------------------------------------

XXX XXXXX $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

XXX XXXXX $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

XXX XXXXX $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

--------------------------------------------------------------------------------------------------------

TOTAL REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX

LESS:REJCTD PMTS $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX

NET REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX

--------------------------------------------------------------------------------------------------------

CALCULATE ONLY: $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

TOTAL REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

LESS:REJCTD PMTS $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

NET REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

BILL-TO REVENUE: $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

TOTAL REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

LESS:REJCTD PMTS $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

NET REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

--------------------------------------------------------------------------------------------------------


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Payment End of Month Report for Carry Participants

GNS00014 CLEARING CORPORATION MM/DD/YY

GIVE-UP AUTOMATED INVOICING SYSTEM (GAINS) HH24:MI:SS

PAYMENT END OF MONTH REPORT FOR CARRY PARTICIPANTS PAGE: NO

ALL PARTICIPANTS (PROD & TEST) FOR THE PAYMENT CYCLE = XXXXX

CARRY PARTICIPANT: XXXX - XXXXX, XXXXXXXXXXXXXXX.

CURRENCY CODE: XXX - XXXXXX

-----------------------------------------------------------------------------------------------------------

CALCULATED CASH REVENUE ADJUSTED CALCULATE

-----EXECUTING------- REVENUE ADJUSTMENTS DISPUTED REVENUE ONLY

PARTICIPANT ACCOUNT (+) (+) (-) (=) (Y/N)

-----------------------------------------------------------------------------------------------------------

XXX XXXXX $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

XXX XXXXX $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

XXX XXXXX $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

-----------------------------------------------------------------------------------------------------------

TOTAL REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX

LESS:REJCTD PMTS $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX

NET REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX

-----------------------------------------------------------------------------------------------------------

CALCULATE ONLY: $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

TOTAL REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

LESS:REJCTD PMTS $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

NET REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

BILL-TO REVENUE: $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

TOTAL REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

LESS:REJCTD PMTS $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

NET REVENUE $XXXXX.XX $XXXXX.XX $XXXX.XX $XXXX.XX X

-----------------------------------------------------------------------------------------------------------


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Systems Testing (CCorp)

Systems testing will be completed in 3 Phases (Phase 1: Confirm Rates; Phase 2: Confirm Trades and Processing Requirements; Phase 3: Confirm End-of-Month Banking Cycle).

Timeline (June)

01 JunFirms granted user access to eGAINS (Production)

eGAINS data verification (validate data received from EGUS)

Firms begin manual input into eGAINS, if needed

02 JunEGUS to EGAINS agreement & rate load (complete by 6 Jun)

09 JunFirm user training: data entry (in London) continues through 13 June

10 JunFirms Confirm Rates (complete by 27 June, Phase 1)

16 JunConfirm Firm online view of give-out and take-up trade data


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Systems Testing (CCorp)

Timeline (July)

01 JulStart test cycle (see CC test approach Phase 2)

Systems training (Firm users) for month-end processing (online June 15 - June 30)

02 JulTest cycle reports - CCorp to run month-ends reports (June 15- June 30)

09 JulTEST: Deadline for executing Firms to correct/adjust eGAINS trade data (June)

21 JulTEST: Deadline for carrying Firms to re-accept or reject eGAINS trade data (June)

23 JulTEST: Carrying Firm accounts are debited


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Systems Testing (CCorp)

Timeline (Aug)

01 AugeGAINS live

05 AugRun full cycle for July transactions; validate end-of-month reports (July) (Phase 3)


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Participating Firm Summary (Banking) To-Do List

File e-GAINS Processing Agreement with FIA Tech

Complete Statement of Intent

Provide detailed banking instructions to FIA Tech

Add to EGUS Admin (Search Institution and Parties, Maintain Parties) Exchange and Firm Codes

File 3rd Party Debit Authorization Form with bank(s)

Forward completed copies of 3rd Party Debit Authorization Forms to FIA Tech

Provide FIA Tech with the eGAINS test coordinator

Request Learning Environment user ID and password

Add rates, formerly maintained via pdf, into EGUS

If you require an automated trade reconciliation tool, obtain CCorp’s layout specifications doc

Test rates and sign-off on reports

Test trades and sign-off on reports

Test monies (direct and third party) and sign-off on reports


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Resource Links

Information, agreements, links and resources will be distributed when complete. These include:

Legal Agreement links

Timelines

Frequently Asked Questions (FAQs)

Learning Environment link

Spreadsheet for test trade submissions

Data Layout Specifications

Phase 1-3 Test Plans

Report Types and Detail (45 Total)


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Contacts

FIA Tech

Robert Drew, Consultant, (b) 07812991191, [email protected]

David Adam, Consultant, (b) 312.786.3821, [email protected]

Krystal Atha, Relations Manager, (b) 202.466.5460, [email protected]

David Wilson, Technology Project Manager, (b) 202.466.5460, [email protected]

Mary Ann Burns, Executive Vice President Industry Relations, (b) 202.466.5460, [email protected]

CCorp

Marc MacQuarrie, Client Services and Support, (b) 312.786.5732, [email protected]

James Woods, Vice President, Production Management Group, (b) 312.786.5715, [email protected]

Markit

Tony Murljacic, Director, Head of Trade Processing Connectivity, (b) 914.872.2905, [email protected]


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Thank You for Attending


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