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Execution possibilities for corporate treasurers

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Market leading multi-bank / cross-asset trading platform Global coverage / 24h support 70+ liquidity providers 500+ customers Users in more than 40 countries Over €18 bln daily trading volume in FX Over €15 bln daily trading volume in MM Provider of intra-group / white-label trading platform

Fastest growing e-business venue world-wide (Euromoney survey 2008)

About 360T

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The Core Elements of Treasury

• Capital markets and funding• Bank lending, asset and project finance, dept capital markets, equity, …

• Cash and Liquidity Management• Cash flow forecasting, cash management, payments, …

• Corporate Financial Management• Accounting and reporting, corporate strategy, tax, legal, …

• Risk Management• Business and operational risk, FX and interest rate risk, commodity risk, credit risk

• Treasury operations and control• Control and reporting, policy and objectives, technology and system

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Possible ways of OTC trade execution

•Telephone / voice broker• Electronic trading

•Trading platforms• Single-bank platforms• Multi-bank portals

• Unorganized ways of trading• Reuters or Bloomberg chat

Functionalities

Telephone Chat Single-bank platform

Multi-bank platform

360T

Available features - - - / + + + - - - / + + + + + + + + +

Availability bank working hours

bank working hours

24h 24h 24h

Costs + + + + + + + + - + +

Transparent pricing + O - + + + + +

Implementation complexity

+ + + + + + + + O + +

Managing of bank relationships

+ + - - - + + + + +

Reduction of operational risk (MiFID)

- - - - + + + + + + + + + STP

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Functionalities

Telephone Chat Single-bank platform

Multi-bank platform

360T

Market comformity check (MiFID)

- - - - - - - + + + + +

Reporting / Audit Trail (MiFID)

- - - - - O + + + + +

Features mirroring market maker interest

+ + + + + + - - - - + + +

Authorization, regulation and passporting (MiFID)

- - + + + + + + + + + +

Integration - STP - - - - - - O + + +

Synergy within group of companies

- - - - some platforms include this feature

O +++

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Multi-bank Portal & Internal Platform

Subsidiary 1

Subsidiary n

Buy-side Sell-side

Broker Dealer

Market Taker Banks

Institutionals

Corporates

Market Maker n

Market Maker 3

Market Maker 2

Market Maker 1

How does a multi bank platform work?

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Selection of TEX® references

Thank you!