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AccordAccord™™SWIFT’s Solution for TradeSWIFT’s Solution for TradeConfirmation MatchingConfirmation Matching

September 2008

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AccordSubscribers (>430 in 65 countries) • Banks• Brokers • Custodians• Fund mgrs • Corporates…

Accordsubscriber or

non- subscriber

Real-time reporting & exception handling. Integration available for various Back-Office Systems.

SWIFT

Deal

Matching Confirmations on Accord single-slide overview

Confirmations: (MT300,305,306,320,

330,340,341,360, 361,362, 392;

MT 5151 ; FpML2 (for IRS, CDS)

Accord• Real-time Confirmation Matching Service • Availability of >99.97% last 5 years• >75K msgs/hour observed matching capacity• Common matching rules + user-defined rules• Financial Liability for Matching results

Copies ofconfirmations

Copies of non-SWIFT data: fax, e-mail, e-FX portals, Broker feeds,

Reuters.....

1: scheduled for 4Q 2008; will be sent directly to Accord2: scheduled for 2009

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Archive Access (e.g.auditor)Browser based

Exception Handling using Graphical Interface

Back Office Integration using API

Accord Central Server

Accord – What? Seen from inside the bank

Accord Central Server

SIPN Gateway

Confirmations + Matching results, operator actions, history, audit trail…for live trades.

Long Term Archive of matching history and audit tail (10 years) on line

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Accord – BenefitsReducing Costs and Risk Low Total Cost of Ownership (TCO) thanks to ASP model

– Total outsourcing to SWIFT (installation, upgrades, operations, testing, back-ups, capacity planning, etc. )–Maximised Operator Efficiency (powerful GUI for exception handling)– Full multi-entity support: distributed, concentrated, hubbed– Automated feed into Treasury Management Systems STP– Audit trail remotely accessible (e.g. from headquarters), for all branches– Tier-based pay-per-user pricing, with traffic aggregation and brick pricing

Risk Reduction– Ultra-reliable matching results. Matched items with financial guarantee.– Identity of matching results guaranteed between subscribers– 100% Fraud-resistant– Operator role profiles for segregation of Duties, 4-eyes principle etc.– Very high uptime– Operated for you since >15 years, by the people that built it, on two sites

in different continents–Wherever you are, assistance from analysts seeing your problem, is only

a phone call away

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Accord – Upcoming functionalityContinued expansion of functionality and coverage Recent and upcoming functionality

– Specific Tools for Supervisors and occasional users (Dashboard, and Easy Search) – available since 2007

– Management Reports – “end of day/shift”: available since 2007– Management Reports – “end of month”: planned end 2008– Continued enhancement of exception handling toolkit

Coverage in Asset Classes – available and planned– Available: FX, Vanilla and exotic FX options, Deposits, call/notice deposits,

FRAs + resets, Interest Rate Swaps (IRS), reset/advice of payment for IRS– Under development: FpML interest rate swaps, crossmatching of IRS in

FpML with MT 360, Credit Default Swaps (single name, Index, Tranche)– Planned for 2009 and later: Commodities (metals), Commodity Options,

Equity Swaps, Swaptions, Total Return Swaps

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Accord – EvolutionGoing beyond matching, and beyond treasury

E-trading platform integration– First Platform: Bloomberg POMS– Various phases to bring customer total outsourcing of:

– confirmation generation and submission to Counterparty (FX, Options, OTC derivatives)

– Matching, and importing matching results

– Generate and transmit instructions for gross settlement (to Nostro bank), or for allocations (respective Custodians)

Prime Broker/Executing broker matching of MT 515

– Various phases will bring: – Matching PB and EB view on trades by hedge funds (equity, fixed income)

– Allocations processing

– Generation and transmission of settlement instructions

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TERMINAL

Solution description

Buy-side OMS

Matching

Order captureOrder execution

+ execution report

Block trade

confirmation

Block allocation

Prime brokers / Custodians

Allocation

Notification

Generation

Receive FX confirmation

Return block trade match results (API)

Receive allocation details

Decompose block trade

according to allocationsGenerate FX notification

FX notifications

Settlement results

Notification

storage

Sell-side OMSFX Execution

Return alloc. results

Bloomberg blotter update

Settlement results