ACSDA Update 2011 ALF – Buenos Aires Bruce Butterill ACSDA Executive Secretary

WHAT’S HAPPENING ACSDA Website ACSDA Governance Review and Work Plan 2011 Events World Forum of CSDs CPSS/IOSCO – Principles for Market Infrastructures 2012 ACSDA General Assembly CSD 12 - St Petersburg, Russia

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South Africa 2011 Accomplishments Dematerialisation of money market securities – variable coupon rate and fixed maturity dates. Ownership of Securities recoded in the CSD at Beneficial owner level (direct holdings). Completed 29 August Implemented a Front End Money Market ISIN Enquiry Portal. Implemented a new securities account structure call Segregated Depository Accounts (SDAs) to provide the ability for clients of CSD Participants to open accounts directly with the CSD to mitigate the risks of their investments being trapped/mixed with those of the Participant in the event of a CSD Participant failure. Equities Corporate Actions Subscription Services – enhanced Corporate Action subscription services to the investment community in an ISO standard format, English commentary and an established corporate actions support desk. Hosted the 11 th Conference of Central Securities Depositories on behalf of the Africa and Middle East Depository Association 2012 Projects and Initiatives Complete the Business Requirement specifications for an OTC Derivatives Trade Repository Implementation of bi-lateral links with CSDs through the use of the Link-Up Markets converter with the goal to facilitate cross-border settlement. Investigating the possibility of offering Tri-Party Collateral agent services to the South African Market for both international and domestic securities financing transactions Strate to act as the tri-party agent in all repo transactions involving South Africa institutions and possibly in future, other African financial institutions Introduction of new CSD Participants in the South African market Key 2011 Statistics – Until August 2011 Total Custody : USD Billions / Custodia total en Millones de Dólares 850 Operations: Total by Number / Número total de transacciones año ,231,534 Operations: Total Value Transferred in 2011 (USD Billions) Valor total Transferido en Operaciones Asset Servicing : Total payments USD Billions/ Admin. de Valores : Total de pagos en Millones de Dólares 132 Custody Details Volumes by Type of Security US$ 901 Billiones US$ Billones En USD$ Millones

PLATINUM GOLD SILVERBRONZE ACSDA 2011 ALF Sponsors

ACSDA GOVERNANCE REVIEW AND WORK PLAN The Executive Committee is undertaking a review of ACSDA’s governance following a commitment made at this year’s General Assembly, including; Mission, objectives and structure of the Association Review of the by-laws to ensure they remain appropriate for the Association e.g. election process, membership requirements, Executive Committee (Size, structure and function) etc. Work plan, priorities Results and recommendations will be presented in 2012

An association of the world’s 5 regional CSD Associations Formed at CSD 11 – evolution of the CSD Contacts Group Collectively exploring areas where the world’s CSDs and CSD Associations can collaborate, e.g. CPSS/IOSCO Association of Global Custodians (AGC) CSD Conferences WORLD FORUM of CSDs (WFC)

March Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions issued Principles for Financial Market Infrastructures May - July - A small task force of ACSDA members carried out an extensive review of the Principles July 28 th – ACSDA submitted a comment letter regarding the principles which is available on the ACSDA website. A number of ACSDA members also submitted comment letters August 2 nd – WFC submitted a comment letter to which ACSDA contributed 2012 – Revised Principles and an Assessment Criteria are expected to be issued early in ACSDA and the WFC will actively participate in the next phase of the process CPSS/IOSCO – PRINCIPLES FOR FINANCIAL MARKET INFRASTRUCTURES

2012 GENERAL ASSEMBLY ACSDA’s 14 th General Assembly Hosted by Deceval S.A. March 28 – 30, 2012 – Cartagena, Colombia Venue – Santa Clara Sofitel Hotel in the Old City of Cartagena Deceval hosted ACSDA’s Seminar in Cartagena in 2004

The 12 th Bi-annual global conference of CSDs Hosted by AECSD and the Russian CSDs May 29 – 31, 2013 – St. Petersburg, Russia ACSDA again participating on the Organizing Committee ACSDA members have hosted the event on 3 occasions CSD 12 – ST. PETERSBURG, RUSSIA

SEE YOU IN CARTAGENA!