Slide 1 Accord™ SWIFT’s Solution for Trade Confirmation Matching September 2008

Slide 2 Accord Subscribers ( >430 in 65 countries) Banks Brokers Custodians Fund mgrs Corporates… Accord subscriber or non- subscriber l l Real-time reporting & exception handling. l l Integration available for various Back-Office Systems. SWIFT Deal Matching Confirmations on Accord single-slide overview Confirmations: (MT300,305,306,320, 330,340,341,360, 361,362, 392; MT ; FpML 2 (for IRS, CDS) Accord Real-time Confirmation Matching Service Availability of >99.97% last 5 years >75K msgs/hour observed matching capacity Common matching rules + user-defined rules Financial Liability for Matching results Copies of confirmations Copies of non-SWIFT data: fax, , e-FX portals, Broker feeds, Reuters : scheduled for 4Q 2008; will be sent directly to Accord 2: scheduled for 2009

Slide 3 Archive Access (e.g.auditor) Browser based Exception Handling using Graphical Interface Back Office Integration using API Accord Central Server Accord – What? Seen from inside the bank Accord Central Server SIPN Gateway Confirmations + Matching results, operator actions, history, audit trail…for live trades. Long Term Archive of matching history and audit tail (10 years) on line

Slide 4 Accord – Benefits Reducing Costs and Risk   Low Total Cost of Ownership (TCO) thanks to ASP model – – Total outsourcing to SWIFT (installation, upgrades, operations, testing, back-ups, capacity planning, etc. ) – – Maximised Operator Efficiency (powerful GUI for exception handling) – – Full multi-entity support: distributed, concentrated, hubbed – – Automated feed into Treasury Management Systems  STP – – Audit trail remotely accessible (e.g. from headquarters), for all branches – – Tier-based pay-per-user pricing, with traffic aggregation and brick pricing   Risk Reduction – – Ultra-reliable matching results. Matched items with financial guarantee. – – Identity of matching results guaranteed between subscribers – – 100% Fraud-resistant – – Operator role profiles for segregation of Duties, 4-eyes principle etc. – – Very high uptime – – Operated for you since >15 years, by the people that built it, on two sites in different continents – – Wherever you are, assistance from analysts seeing your problem, is only a phone call away

Slide 5 Accord – Upcoming functionality Continued expansion of functionality and coverage   Recent and upcoming functionality – – Specific Tools for Supervisors and occasional users (Dashboard, and Easy Search) – available since 2007 – – Management Reports – “end of day/shift”: available since 2007 – – Management Reports – “end of month”: planned end 2008 – – Continued enhancement of exception handling toolkit   Coverage in Asset Classes – available and planned – – Available: FX, Vanilla and exotic FX options, Deposits, call/notice deposits, FRAs + resets, Interest Rate Swaps (IRS), reset/advice of payment for IRS – – Under development: FpML interest rate swaps, crossmatching of IRS in FpML with MT 360, Credit Default Swaps (single name, Index, Tranche) – – Planned for 2009 and later: Commodities (metals), Commodity Options, Equity Swaps, Swaptions, Total Return Swaps

Slide 6 Accord – Evolution Going beyond matching, and beyond treasury  E-trading platform integration –First Platform: Bloomberg POMS –Various phases to bring customer total outsourcing of: – confirmation generation and submission to Counterparty (FX, Options, OTC derivatives) – Matching, and importing matching results – Generate and transmit instructions for gross settlement (to Nostro bank), or for allocations (respective Custodians)  Prime Broker/Executing broker matching of MT 515 –Various phases will bring: – Matching PB and EB view on trades by hedge funds (equity, fixed income) – Allocations processing – Generation and transmission of settlement instructions

Slide 7 TERMINAL Solution description Buy-side OMS Matching Order capture Order execution + execution report Block trade confirmation Block allocation Prime brokers / Custodians Allocation Notification Generation Receive FX confirmation Return block trade match results (API) Receive allocation details Decompose block trade according to allocations Generate FX notification FX notifications Settlement results Notification storage Sell-side OMS FX Execution Return alloc. results Bloomberg blotter update Settlement results