IEEE Canadian Concentration Banking Program Chuck Krajcsik Senior Manager, Treasury Operations Region 7 Meeting 1 May 2009 St. John’s Newfoundland

Presentation Outline Overview of the IEEE Concentration Banking Program Benefits Online Reporting CB Card Program Pilot Program/Rollout

IEEE Concentration Banking Program Overview Current US Program – Regions 1 - 6 USD Business checking account with Wachovia/Wells Fargo Bank (Region 8 – 10 Custody) 800 + Accounts active Online statements, streamlined administration, no fees Canadian Program – Region 7 CAD Account with JP Morgan Chase Toronto Deposits through Bank of Montreal Business checking account with all of the benefits of the current US program Accounts opened so far: 16! I’m sure many of you are familiar with the IEEE Concentration Banking program. It provides an interest bearing checking account which pays interest equal to the US six-month rate on certificates of deposit. The Concentration Banking program allows the local unit to retain control of its funds while eliminating almost all banking fees. This program was intended originally for the US Sections, but is also being used by non-US units for Custody Accounts and short-term investment accounts. If you have more questions about Concentration Banking, stop and see Treasury Manager Chuck Krajcsik (KRAY-CHECK) in the Financial Services Lab. He manages the program at IEEE Headquarters.

IEEE Canadian Concentration Banking Program Benefits Streamlined account administration Signature card administration handled through IEEE No fee business checking account No minimums, per check or maintenance fees Interest rate Interest rate paid based on Canadian 6 month T-Bill Benefit of fixed rate with daily liquidity CB Card for purchases Accepted wherever MasterCard is accepted Processed as a debit card charge against CB account Access to IEEE Preferred Suppliers such as: Fedex, Dell and 1-800-Flowers Online statements Access via web account ID Excel download capability On-line check images -when available by banks. I’m sure many of you are familiar with the IEEE Concentration Banking program. It provides an interest bearing checking account which pays interest equal to the US six-month rate on certificates of deposit. The Concentration Banking program allows the local unit to retain control of its funds while eliminating almost all banking fees. This program was intended originally for the US Sections, but is also being used by non-US units for Custody Accounts and short-term investment accounts. If you have more questions about Concentration Banking, stop and see Treasury Manager Chuck Krajcsik (KRAY-CHECK) in the Financial Services Lab. He manages the program at IEEE Headquarters.

From “Access Your Account” link

Sample Statement

Sample Statement

IEEE Concentration Banking Card Program (CB Card) USD CB Cards launched in 2007, CAD CB Cards in 2008 The CB Card is a MasterCard with debit features allowing Treasurers to make payments wherever MasterCard is accepted Each transaction amount is deducted directly from your Unit’s Concentration Bank Account effective the date the transaction was processed by the vendor CB Cards can also be used to access local currency at ATMs world wide All CB Card activity is posted to your statement and includes all payment details Card application and service is coordinated through the IEEE Procurement Department. All questions regarding the CB Card Program should be directed to: cbcard@ieee.org I’m sure many of you are familiar with the IEEE Concentration Banking program. It provides an interest bearing checking account which pays interest equal to the US six-month rate on certificates of deposit. The Concentration Banking program allows the local unit to retain control of its funds while eliminating almost all banking fees. This program was intended originally for the US Sections, but is also being used by non-US units for Custody Accounts and short-term investment accounts. If you have more questions about Concentration Banking, stop and see Treasury Manager Chuck Krajcsik (KRAY-CHECK) in the Financial Services Lab. He manages the program at IEEE Headquarters.

Sample CB Card Transaction

IEEE Canadian Concentration Banking Program - Update Pilot initiated with Region 7 account CAD account opened at JPMorgan Chase, Toronto in December 2007 System testing beginning in January 2008 Transaction file testing completed in March 2008 Live Pilot in April 2008 CB Card Pilot in May 2008 Available to all Sections at Sections Congress in September 2008. Conference Pilot in 2009. Thank you for your participation and support. Feedback and questions. I’m sure many of you are familiar with the IEEE Concentration Banking program. It provides an interest bearing checking account which pays interest equal to the US six-month rate on certificates of deposit. The Concentration Banking program allows the local unit to retain control of its funds while eliminating almost all banking fees. This program was intended originally for the US Sections, but is also being used by non-US units for Custody Accounts and short-term investment accounts. If you have more questions about Concentration Banking, stop and see Treasury Manager Chuck Krajcsik (KRAY-CHECK) in the Financial Services Lab. He manages the program at IEEE Headquarters.

Concentration Banking Program Contact Information Concentration Banking Program Web: www.ieee.org/concentration Email: concentration-banking@ieee.org Phone: +1.732.562.5363 CB Card Program Email: cbcard@ieee.org Phone: +1.732.465.5802

Canadian Interest Rate Comparison   2005 2006 2007 2008 2009 6 Mnth. T-Bill 1 Yr. GIC JAN 2.51% 1.43% 3.68% 2.03% 4.19% 2.68% 3.37% 2.58% 0.92% 1.03% FEB 2.56% 3.86% 2.63% 4.20% 2.98% 3.03% 2.38% 0.66% 0.88% MAR 2.66% 1.63% 3.97% 2.83% 2.24% 1.93% 0.47% 0.38% APR 2.55% 1.48% 4.11% 4.24% 2.67% MAY 2.53% 4.23% 3.08% 4.44% 2.70% JUN 1.28% 4.41% 4.55% 3.13% 2.96% 2.13% JUL 2.74% 4.22% 4.67% 3.28% AUG 2.79% 4.16% 2.93% 4.28% 2.64% SEP 3.06% 4.13% 2.88% 4.17% 2.29% OCT 3.27% 1.78% 4.25% NOV 3.53% 4.15% 2.78% 3.94% 1.58% DEC 3.66% 0.85% 1.08% AVE. PER YR. 2.87% 1.53% 4.26% 2.39% 1.99% 0.68% 0.76% Rates reported from: http://www.bankofcanada.ca/en/rates/interest-look.html 6 Mnth T-Bill rate is reported as of the last business day of each calendar month. 1 Yr. GIC rate is reported as of the last Wednsday of each calandar month.

IEEE Concentration Banking Interest Rates 2004 2005 2006 2007 2008 2009 JAN 1.13% 2.93% 4.78% 5.36% 1.60% FEB 1.09% 3.12% 4.94% 5.29% 1.85% MAR 3.34% 5.07% 2.69% 1.72% APR 1.32% 5.25% 5.31% 2.98% MAY 1.55% 3.50% 5.30% 5.34% 2.92% JUN 1.87% 3.67% 5.56% 3.10% JUL 1.94% 3.82% 5.48% 3.11% AUG 1.96% 4.01% 5.40% 5.57% 3.14% SEP 2.10% 4.20% 5.33% 5.13% 4.80% OCT 2.23% 4.44% 4.75% 3.25% NOV 2.59% 4.55% 4.97% 2.68% DEC 2.74% 4.63% 4.62% 1.70%   AVERAGE PER YR. 1.80% 3.80% 5.19% 3.02%