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March 2006

TREASURY & SECURITIES SERVICES. March 2006. IT For Financial Services. Joe Leinhauser. Agenda. Introduction After the Trade is Made Who is Behind the Curtain Industry Drivers Impacting IT Q&A. AFTER THE TRADE IS MADE. Internal Systems

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March 2006

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  1. TREASURY & SECURITIES SERVICES March 2006 IT For Financial Services Joe Leinhauser

  2. Agenda • Introduction • After the Trade is Made • Who is Behind the Curtain • Industry Drivers Impacting IT • Q&A

  3. AFTER THE TRADE IS MADE • Internal Systems Front Office trade capture and risk management systems Securities Processing and control applications Reporting (e.g., client, regulatory) Financial (e.g., P&L, General Ledger) • Interfaces with external entities Exchanges (e.g., NYSE, NASDAQ, LSE) Clearing houses (e.g., DTCC, CREST, EuroClear) Commercial Banks (e.g., Custodians, Transfer Agent) • Communication with Clients Confirmations Settlements instructions (cash, securities)

  4. WHO IS BEHIND THE CURTAIN • Software developers/vendors Developers of custom code for client-driven requirements (e.g., IBM, Cognizant) Providers of “packaged” or semi-custom software (e.g., Sungard, MKI-Frustum) • Data Providers Bloomberg Reuters • Securities Operations Depositories Custodians Transfer Agents • Communication Facilitators SWIFT FIX

  5. SWIFT • SWIFT is the financial industry-owned co-operative supplying secure, standardized messaging services and interface software to 7,800 financial institutions in more than 200 countries. • SWIFT's worldwide community includes banks, broker/dealers and investment managers, as well as their market infrastructures in payments, securities, treasury and trade. • SWIFT Mission • Work in partnership with its members to provide low-cost, competitive financial processing and communications services of the highest security and reliability. • Contribute significantly to the commercial success of its members through greater automation of the end-to-end financial transaction process, based on its leading expertise in message processing and financial standards setting • Capitalise on its position as an international open forum for the world’s financial institutions to address industry-level threats, issues and opportunities

  6. INDUSTRY DRIVERS IMPACTING IT • Past • Y2k • European Union • Mergers • Present • Exchange consolidation • SOX • Mergers • STP • Risk Management • Future • T+1 • Regulatory Harmonization • Non-standard competitors • Mergers • STP • Risk Management

  7. Q&A

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