Panel Discussion #1The Road to Zero: No Touch Collateral Processing

Mark Demo

Tony Ashraf

David Beatrix

Barnaby Binder

Ross Dilworth

Jack Dixon

Directory Industry & Marketing, AcadiaSoft, Moderator

European Head of Derivatives Collateral & Clearing, BlackRock

Product Specialist, BNP Securities Services

Global Head of Collateral Management, HSBC

Global Head of Collateral, Margin and Valuation Services & Global Head of Derivative and FX Operations, Barclays

Margin Automation Specialist, AcadiaSoft

Panel Discussion #2IM Big Bang Go Live – Time & Cost-Effective Solutionsfor IM Phase 4/5 Firms

Mark Demo

Marek Colligan

Mark Higgins

Neil Ryan

Prabhat Singh

Elena Staloff

Adam Willis

Directory Industry & Marketing, AcadiaSoft, Moderator

Head of Collateral Management Operations Europe, BNP Paribas

Managing Director Collateral Management & Segregation,BNY Mellon Markets

COO, Quaternion Risk Management Limited

Managing Director, Expert Services, AcadiaSoft

Executive Director for Global Collateral, DTCC

Global Service Owner of Uncleared Derivatives, UBS

Panel Discussion #3Accelerating IM CSA Negotiation and / or Amendment & Agreement Activation Ahead of IM Big Bang

Mark Demo

Richard Barton

Alan Baxter

Paul Cluley

Deepak Sitlani

Joceline Zheng

Directory Industry & Marketing, AcadiaSoft, Moderator

Director Agreements Segment & Product, AcadiaSoft

Executive Director, UBS

Derivatives & Structured Products, Allen & Overy LLP

Derivatives & Structured Products Group, Linklaters

Head of Product, Droit Financial Technologies

Transforming Initial Margin negotiations

TM

6

Margin XchangeTM at a glanceAn optimum IM solution should:

• Capture all stages of IM negotiation

• Build on established and widely used industry platforms and technology

• Cover all documents – including custodian and eligible collateral

• Allow all parties (incl custodians) on to negotiation platform, but not be dependent on it

• Generate documents efficiently, but retain full flexibility to customise

• Accommodate buyside structures

• Allow bulk uploads and cloning to save time

• Drive down the time and cost of negotiation – and be resource agnostic

• Impose quality controls (permissioning) on negotiators

• Provide governance (status and internal escalations) and audit control

• Capture every step in negotiation and final documents as data

• Export data to users, custodians and industry service providers

7

Margin XchangeTM at a glance• Unique collaboration between Allen & Overy, IHS MarkitTM and

SmartDXTM capturing industry-leading:

• Legal knowledge and experience in IM documentation and negotiation

• Derivatives data capture and management

• Online documentation management and negotiation platform

• Online portal hosted on IHS MarkitTM Counterparty Manager

• SmartDXTM platform for online document negotiation captures full history and audit trail.

www.ihsmarkit.com/products/margin-xchange

8

Margin XchangeTM at a glance• Margin Xchange builds on market-standard technology and platforms.

• IHS MarkitTM Counterparty Manager already used by:

• 150 of largest dealer groups

• 100% of all G-SIB banks

• 10,000+ buyside and corporate accounts

• 165,000+ legal entities and 30,000+ active users

• SmartDXTM document generation and negotiation platform already used by:

• 21 Phase 1 & 2 dealers

• 77% of the top 13 G-SIB banks

9

Margin XchangeTM will transform IM negotiations

4 Full suite of documents – including Eligible Collateral Schedules

3 Automated document generation

5 On-line negotiation using your chosen resource model

7 Case management dashboard and escalation records

8 Full data capture of all variables, including freetext

1 Pre-negotiation outreach via IHS MarkitTM Outreach 360 tool

9 Data export to your (and custodian) systems

6 Negotiator permissioning and full audit trails

2 Negotiation and cloning of Term Sheet elections

10 Compatibility with downstream collateral data utilities

ISDA Create - IM June 2018

ISDA Create - IM

• IM documentation:o draft automatically o delivero negotiateo execute

• Data:o captureo analyzeo store

• Process/resource management

• ISDA expects to have future offerings under ISDA Create - for example, to complete the Schedule to the ISDA Master Agreement

ISDA Create - IM

ISDA Create

12

Market participants asked to express interest

End of June 2018

Pricing circulated

End of May 2018

Begin integration/on-boarding – IT

contacts needed

July 2018

Minimum viable product (MVP) release

Sept 2018

Circulate user agreements to

market participants

Aug/Sep 2018Payment for

2019 access to ISDA Create-IM

due

Start of Jan 2019

API Documentatio

n release

Start of Oct 2018

Execute user

agreements

End of Oct 2018

Official launch of ISDA Create

– V1 release

Jan 2019

Start of on-boarding & integration

Continual evolution of the platform

User feedback and updated releases

Sept-Dec 2018

SSO, phased on-boarding, established customer support

Sept 2018 onwards

ISDA Create - IM

Contact Details

For queries regarding ISDA Create – IM or to arrange a demonstration of the platform please

contact isdalegal@isda.org or isdacreate@isda.org

ISDA Create - IM

1515 Integration Strategy – Driven By Standardisation

Legacy AgreementsBackloading Agreements via digitisation can establish an

agreement record, be used as validation against firms internal

agreement representation, or be used for dispute resolution when reconciling with counterparties

New AgreementsConsolidated from Negotiation

Service Providers and made available to interested parties

through the Standard Agreement API. Agreement Manager

provides standard adaptors to Service Providers

Single APIA single standard API streamlines the integration effort for firms to

set up new Agreements and establish a golden record for

legacy Agreements. Notifications are available to all

interested parties of an Agreement

Margin Xchange

ISDA Create

Bank Specific Portal

AcadiaSoft Agreement

Data Manager

Standard Agreement API

Party B

Party A

Custodian 1

Custodian 2

MarginSphere Agreements

Digitisation Solutions

Digitisation Solutions

Digitisation Providers

Service Providers

Panel Discussion #4Market Infrastructure in 2020: Vision, Principles & Definition

Mark Demo

Natalie Clareburt

Nathan Ondyak

John Pucciarelli

Maurice Tamman

Chris Walsh

Directory Industry & Marketing, AcadiaSoft, Moderator

Executive Director in the Strategic Market Infrastructure Group, JP Morgan

Global Head of SwapAgent, LCH

Director Market Infrastructure & Technology ISDA Industry Leader, Regulatory Margin Initiatives, Fundraiser, ISDA

Managing Director, Goldman Sachs

CEO, AcadiaSoft

Thank you for attending

We look forward to welcoming you to our next event

www.acadiasoft.com