eCM CMS Overview

1. Central Matching Service eCM CMS Overview

2. History of the Central Matching Service • CMS Users • The Service • Service Team • Local IS Setup • Demo • Aspects of the CMS Contents

3. History

4. The path to a Central Matching Service EFET standards initially defined for matching confirmations (settlements, positions and exchanges have all been added) All standards defined up to 2009 were peer to peer (P2P) communications: i.e. transactions must be matched at both counterparties to be a match Meanwhile .... The market became more tolerant of central hub style matching solutions Growth in the P2P approach caused increased operational overheads EFET investigated various approaches to centralised eCM matching Consultation within the EFET eCM WG and wider community resulted in a central/local approach to eCM v4.0 being unanimously selected Consultation with the EFETnet community resulted in overwhelming support for an EFETnet Central Matching Service (CMS)

5. The combined peer-2-peer and CMS approach CMS as proxy P2P user CMS as proxy CMS user CMS Operator CMS Users Peer to Peer Users CNF X CNF A CNF A Trader A ETRM Trader X eCM Central Matching Service Trader X ETRM Res Res CNF X CNF Yx CNF Ba Res Res CNF Yx CNF Yy CNF Bb Trader B ETRM CNF Yy Trader Y eCM Trader Y ETRM Res Res

6. EFETnet Launches the Central Matching Service The CMS is a central platform and service team which new EFET standards and processes can be plugged into The service launched with the EFET Electronic Confirmation standard (eCM) on 12 September 2011, with more EFET standards and new processes, including regulatory reporting, planned for launch in 2012 The CMS manages all communication configuration (trading counterparties, reporting points, etc.) and centrally hosts the matching software, enabling licensed users to implement an EFET compliant solution and begin matching with new counterparties very quickly. The project to design and build the CMS was managed by EFET and involved: • Development of the CMS platform by long standing EFETnet development partners Ponton Consulting; • Migration of 17 EFETnet users to the new platform, including all 5 brokers; • Establishment of a new UK based service team; • Co-ordination of industry changes over go-live weekend.

7. Current Live Users

8. The EFETnet Central Matching Service Provided through a “Software as a Service” model Full support for the EFET eCM process • Support for other EFET processes in development: regulatory reporting; standardised clearing Fully compliant with the EFET eCM 4.0 and 3.3.x Standards, plus the EFET Communication Standard Multi-organisation, multi-role solution Highly available solution Simple migration path with low or no internal development required for existing EFETnet clients

9. What the EFETnet CMS give you EFETnet CMS is provided as a service • All hardware included • All software included e.g. EFETnet, OS, application servers database servers, etc. • All Infrastructure included e.g. networks, DB administration, DR, back up, archiving, monitoring • Simplified counterparty take on • Centralised and managed upgrades to new versions of the standard: migration, testing, c/p testing • Analysis and resolution of all P2P communication issues • Full support of the new eCM 4.0 standard including Amendments, Tear Ups, Time Out, Broker Cancellation, Phys Coal • Dedicated, full time, service team

10. The CMS Service Team Dedicated service team providing both business and technical support One support team for all EFETnet software – CMS and peer to peer 24x7 availability * 24x7 support Proactive monitoring of issues across all connection points – CMS and peer to peer Analysis and resolution of all P2P communication synchronisation issues – Failed, Not Sent, Sending, Pending Helpdesk reporting and training * Excluding notified maintenance windows

11. IT advantages over P2P solution • Removal of the EFET Box server and associated database • Maintenance of just one connection (the CMS) in XP messenger • XP Messenger and Listener can be placed on virtual server

12. Aspects of the CMSA Short Tour

13. The Dashboard Simple Dashboard allows easy access to unmatched confirmations Can drill down on any of the buckets to get trade by trade detail

14. Drill Down – The Confirmations View Easy access to trade level details, shows who you have outstanding confirmations with – from your view (pending) or theirs (alleged) Drill down again to see why a match is not being made

15. Document Comparison Mismatches highlighted to drive the break resolution process Notes can be captured against a confirmation which are visible to all parties to the trade, including brokers

16. Issue Resolution Issue tab shows trades which are in an unexpected state Service team will work with you to resolve these issues

17. Deal Finder Allows users to hunt for particular confirmations Various filters can be combined: • Trade IDs • Document IDs • Counterparties, Brokers, Commodity, etc. • Trade date ranges • Submission date ranges • and more ….

18. Simple User Management User management stays with you User rights are simple to assign and update

19. Contact Directory Lists registered user by organisation Supports the break resolution process

20. Q&A

21. For more information contact EFETnet B.V. Keizersgracht 62-64 1015 CS AmsterdamTel: +31 (0) 20 - 301 13 98 or +44 (0) 7767 27 27 26 Email: h.brunswick@efetnet.org www.efetnet.org