Changing Capital Markets Dynamics & Impact of ICT

1. Changing Capital MarketsDynamics& Impact of ICT Troy Syn Managing Principal Hewlett-Packard 30 August, 2006

2. Setting the Stage – Capital Market Trends and Landscape HP’s Credentials in Capital Markets Indicative Model for ICT in the Securities Industry in Vietnam Agenda

3. Capital Market landscape and trends The Capital market landscape is dynamic

4. The Industry is fundamentally changing Capital Market landscape and trends Investor behavior is impacting business

5. Top 10 Capital Markets Initiatives for 2006 – Part 1 of 2 Source: Financial Insights #FIN1727

6. Top 10 Capital Markets Initiatives for 2006 – Part 2 of 2 Source: Financial Insights #FIN1727

7. Driving Trends • Market Evolution • Algorithmic Trading • Direct Market Access (DMA) • Multi-Class Asset Trading • Trading Room Re-Architecture • remote technology for trading desktop • capacity to support continuing market data growth • dissolution of the traditional silo’ed operations of global financial institutions • standardization and rationalization of application portfolios • Service Oriented Architecture • critical success factor: IT must switch its emphasis from supporting departments and applications to facilitating the improvement of business operations • Synchronization of IT & Business • IT strategy led by business strategy IT budget control has moved from the technology departments to the lines of business

8. Agenda • Setting the Stage – Capital Market Trends and Landscape • HP’s Credentials in Capital Markets • Indicative Model for ICT in the Securities Industry in Vietnam

9. Overview of HP’s Credentials in Capital Markets Our clients are able to leverage on HP’s worldwide resources and expertise pool, in technology, best practices and business domain knowledge. HP’s access to Global Exchanges and Market Infrastructure is unparalleled. • HP powers over 130 of the world’s stock, derivative and commodity exchanges, including 18 of the top 20 by capitalization • HP is relied on to support the processing of 95% of the world’s exchange transactions by capitalization • HP covers over 50 of the world’s key clearing entities HP is in a unique position to assist our clients to identify and prioritize the business and technology demands required to remain competitive in this dynamic environment • We offer a comprehensive portfolio of platforms and operating systems • We are recognized by this industry for thought leadership with a strong SME capability • We focus on the Financial Markets and have a large, reference-able customer base • We have the best in class solution partners some of who are exchange affiliated and have applications domain expertise • We have world class consultancy partners specialized in this sector • And…our Services and Managed Services capacity is global, with strong capabilities in IT Infrastructure, the Adaptive Enterprise, PMO, Architecture, and Integration

10. Capital Markets Current Technology Landscape HP’s overall position in capital market is as follows (HP = 63.6% by number): *latest known details

11. HP’s Capital Market Positionin World’s Top 15 Securities Exchanges

12. HP’s Capital Market landscape in AP HP’s Key Capital Markets Customers in Asia Pacific are: Shenzhen Stock Exchange Shanghai Stock Exchange Shanghai Futures Exchange Dalian Commodities Exchange Hong Kong Exchange KRX HCM Secs Trading Centre Stock Exchange of Thailand Taiwan Stock Exchange Taiwan Futures Exchange Bombay Stock Exchange National Stock Exchange Philippine Stock Exchange ASX SFE Bursa Malaysia SGX Jakarta Stock Exchange NZX

13. Agenda • Setting the Stage – Capital Market Trends and Landscape • HP’s Credentials in Capital Markets • Indicative Model for ICT in the Securities Industry in Vietnam

14. End to End ICT Process Focus for today Strategic View Business View Functional View Architectural View Technical View Implementation View Why is a solution required? How does the solution fit the strategy? What should the solution do? How should the solution work? With what will it be built? How should the solution be designed? • What are the business objectives? • Has the business case been established? • What is the cost / benefit model being used? • What are the intended benefits to deliver? • Who will be served by the solution and why? • What success criteria are to be employed? • What will the completed solution do? • How will it be used and what services will it provide? • What information will it provide? To? • What qualities must the solution have? • How will the sys be structured / constructed? • What are the interfaces and constraints? • What applications and data are needed? • What does the infrastructure look like? • What standards apply / qualities achieved? • What specific products and components are needed to build the system? • How will it be developed/ deployed? • What validation methods will be used? • How will it be managed / funded? • What is the organizations strategic direction? • How does the solution support the strategy objectives? • Why would the organization want to pursue this solution? • Are any conflicts of interest in deploying the solution evident? • On what principles will the solution be considered? • What reference architecture should be employed? • What parts of the overall architecture are reviewable? • What standards apply / qualities achieved?

15. CLEARING SETTLEMENT CLEARING SETTLEMENT CLEARING SETTLEMENT TRADING TRADING TRADING MARKET INFORMATION MARKET INFORMATION MARKET INFORMATION MARKET AND EXCHANGE MANAGEMENT MARKET AND EXCHANGE MANAGEMENT MARKET AND EXCHANGE MANAGEMENT OTHER ACTIONS OTHER ACTIONS CORPORATE ACTIONS SURVEILLANCE SURVEILLANCE SURVEILLANCE Brokerages Brokerages Brokerages Fund Managers Banks Fund Managers Banks Banks Fund Managers Investors Investors Investors Typical Capital Markets Infrastructure FUTURES & DERIVATIVES MARKET BONDS MARKET SECURITIES MARKET Non-Core Applications Non-Core Applications Non-Core Applications Market Access Market Access Market Access

16. CLEARING SETTLEMENT TRADING MARKET INFORMATION MARKET AND EXCHANGE MANAGEMENT CORPORATE & OTHER ACTIONS SURVEILLANCE Fund Managers Banks Brokerages Next Generation Integrated Model- Is this a Reality? FUTURES & DERIVATIVES MARKET EQUITY MARKET BONDS MARKET ? Non-Core Applications Market Access Investors

17. CLEARING SETTLEMENT CLEARING SETTLEMENT CLEARING SETTLEMENT TRADING TRADING TRADING MARKET INFORMATION MARKET INFORMATION MARKET INFORMATION MARKET AND EXCHANGE MANAGEMENT MARKET AND EXCHANGE MANAGEMENT MARKET AND EXCHANGE MANAGEMENT OTHER ACTIONS OTHER ACTIONS CORPORATE ACTIONS SURVEILLANCE SURVEILLANCE SURVEILLANCE Vietnam ICT Shared IT Services Fund Managers Brokerages Banks More Logical First Step to Integrated Markets ….. FUTURES & DERIVATIVES MARKET BONDS MARKET EQUITY MARKET Non-Core Applications Market Access Investors

18. Vietnam Securities Industry ICT Shared IT Services Main Rationale • Market Infrastructure (The Exchange etc.) • World Wide Trend of having an Integrated Market. Starting with a capability to do this from the start is the shortest route to Next Generation Capability • Market Participants (The Brokerages etc.) • Help the development of local participants by off-loading the IT Infrastructure to an organization that will give them Next Generation Capability

19. Solutions that help ICT Protect corporate reputation and ensure business performance by maintaining a secure and resilient enterprise Continuity Reduce IT environment complexity while lowering cost and freeing resources for innovation throughout the solution lifecycle Consolidation Measure and assess key business indicators through better information, control and integrated management Control Comply with a changing regulatory environment while minimizing risk, improving control and efficiency and reducing costs Compliance Integrate and manage content, processes and workflow across the extended enterprise –partner, employee, customer Collaboration

20. Thank You +