1. ACSDA Strategy Renewal

2. ๏ Updating our Vision 2009 statement (written in 2005) ๏ Setting 3- 4 objectives/priorities ๏ Setting strategies to support objectives ACSDA Strategy Renewal

3. To be a regional forum where members find solutions to meet their individual goals as well as contribute as a group to the safety, soundness and efficiency of financial markets post-trade infrastructure -– locally, regionally and globally. ACSDA Vision (2005)

4. 2 Themes within the Vision ๏ Individual ACSDA members benefit from the solutions they find. ๏ The CSD and related industry (including ACSDA members) benefit from the work that ACSDA participates in.

5. Proposed 3 rd Theme for 2008 ๏ Update our dialogue with the global community by sharing our most significant regional initiatives. This will demonstrate the extent to which ACSDA and its members already qualify as full partners in the financial industry’s globalization. ๏ Supporting cross-border global investments into and among our markets, as well as our investors’ outreach to other regions

6. Key Practical Questions ๏ How can ACSDA work more productively? Issue of voluntary efforts, how to optimize members’ timing to ensure value. ๏ Draw parallels from other goups? ๏ Current issues and topics your organization needs to understand better? Why important to you? Can ACSDA help? ๏ How should ACSDA be investing its budget?

7. First Need to Update Views: ๏ Member Needs ๏ Influential Groups ๏ Important Topics ๏ Solutions/Enablers

8. What do Members Need/Want from ACSDA? In 2005…. The explicit expectations in exchange for fees… ๏ Understand ACSDA offerings ๏ Network with colleagues from other depositories ๏ Share knowledge, experience and learning ๏ Benefit from the power of the collective e.g. achieve a larger voice and acquire information from one source, ACSDA

9. What do Members Need/Want from ACSDA? In 2005…. What other, perhaps implicit expectations… ๏ Achieve legitimacy (credibility) by association with ACSDA ๏ Identify business opportunities ๏ Enjoy the comfort of talking openly to other member representatives ๏ Rely on ACSDA as a point of reference (authority) on various issues ๏ Have inexpensive access to ACSDA resources ๏ Attend GREAT EVENTS

10. What do Members Need/Want from ACSDA? In 2008, more global topics and visibility?

11. What Important Groups to ACSDA Members In 2005…. ๏ Other CSD associations ๏ Regulators, CPSS- IOSCO, COSRA ๏ Group of Thirty ๏ FIAB, Individual Exchanges, WFE ๏ Central Banks ๏ ISSA ๏ Assn. of Global Custodians ๏ Thomas Murray ๏ World Bank ๏ CCPI2 ๏ Hague Convention, Unidroit ๏ Industry Journalists (Global Custodian, LatinFinance, etc.)

12. What Important Groups to ACSDA Members In 2008….? ๏ Other CSD associations ๏ Regulators, CPSS- IOSCO, COSRA ๏ Group of Thirty ๏ FIAB, Individual Exchanges, WFE ๏ Central Banks ๏ ISSA ๏ Assn. of Global Custodians ๏ Thomas Murray ๏ World Bank ๏ CCPI2 ๏ Hague Convention, Unidroit ๏ Industry Journalists (Global Custodian, LatinFinance, etc.)

13. Important Topics to ACSDA Members In 2005…. ๏ Operational Risk ๏ Internal Controls ๏ Business Continuity, Disaster Recovery Plans ๏ Linkages ๏ Asset Servicing (Corporate Actions) Risk Management ๏ IT (Infrastructure/technology) ๏ International Standards ๏ STP ๏ Legal and Regulatory Issues ๏ Insurance Coverage ๏ New Service Ideas ๏ Audit Practices ๏ Dematerialization & Immobilization ๏ Institutional Settlement ๏ Money Laundering Prevention ๏ Central Registries ๏ Governance Trends ๏ Use of Internet

14. Important Topics to ACSDA Members In 2008….? ๏ Operational Risk ๏ Internal Controls ๏ Business Continuity, Disaster Recovery Plans ๏ Linkages ๏ Asset Servicing (Corporate Actions) Risk Management ๏ IT (Infrastructure/technology) ๏ International Standards ๏ STP ๏ Legal and Regulatory Issues ๏ Insurance Coverage ๏ New Service Ideas ๏ Audit Practices ๏ Dematerialization & Immobilization ๏ Institutional Settlement ๏ Money Laundering Prevention ๏ Central Registries ๏ Governance Trends ๏ Use of Internet ๏ Joint Product ๏ Capability Sharing

15. ACSDA’s Current Objectives ๏ Leverage ACSDA’s credibility, communicate on priority topics, increase visibility. ๏ Stimulate members to participate, better represent and promote the region. Share learning, experiences and best practices. ๏ Strengthen alliances and partnerships with influential groups. ๏ And acknowledging limits of voluntary work, is there an appetite to invest in more professional projects and research? So, putting this on a map….

16. How to Update ACSDA’s “Objectives Map”? Increase/Leverage CREDIBILITY and VISIBILITY Stimulate/Facilitate MEMBER PARTICIPATION Facilitate SHARING OF LEARNING Strengthen/Develop ALLIANCES & PARTNERSHIPS COMMUNICATE on priority topics Limited Resources Measure ACSDA’s 2007 General Assembly Reports within this Framework.

17. Keep in Mind, Potential Enablers To optimize use of voluntary efforts and reduce barriers to participation ๏ Continue to expand bilingual and electronic communications (website, emails, newsletter, profile/handbook, conference calls) ๏ Increase budgets/ investment in professional resources, develop a potential Funding and Expansion Strategy ๏ Self-support by membership dues, seminar fees, member CSDs pro-bono contributions, plus: ๏ Seek funding for projects and research from Inter-American Development Bank, as FIAB has, or similar agencies? Join with other groups in supporting/funding joint projects/research?

18. Proposed Next Steps Member Feedback and Input by March 30 to Executive Committee Executive Committee Discussion Draft by June