Sub-group on Process Efficiency 2nd meeting, 14 Jan 2009 Frankfurt am Main T2S Project Team European Central Bank

Agenda Introductory remarks Approval of the outcome of the previous meeting Summary Working document vs. 0.4 Overview of the last AG meeting and T2S harmonisation workshop Assessment of proposed new harmonisation issues Additional matching fields Position reservation for collateralisation Discussion on harmonisation issues Issue 1: T2S handling of securities financing instructions Issue 9: Future-dated and back-dated instructions Issue 10: CSDs additional validation rules Issue 2: T2S system rules for recycling Next meetings and discussion topics Other topics

Next meetings and discussion topics T2S Project Team European Central Bank

PESG meetings 2009 H1 PESG meeting AG meeting

Discussion topics 3rd PESG meeting in February Issue No 8: Modification of settlement instructions Issue No 3: Threshold for partial settlement Issue No 6: Period for data archiving Issue No 7: Single framework for fails management Open issues from previous meetings 4th PESG meeting in March Issue No 4: Auto-collateralisation operations Issue No 5: Multilateral settlement without a CCP

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