FIS/SUNGARD

O U T S O U R C E Y O U R E X E C U T I O N D E S KW I T H T H E

A R C H A N G E L S U I T E O F S O L U T I O N S

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to offer banks a seamless and all-in trading solution integrating buy-side counterparties

> internal portfolio managers,

> third party asset managers or eam and/or

> selected clients

with straight through processing front to back

O U R A I M

FIS/Sungard

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by bringing together the combined expertise of

> a leading financial software solutions and services companywith

> a custodian, member of one the largest financial servicesgroups in europe, and

> a leader in intermediation in Switzerland

we have developped a platform that addresses the issues of today’s challenging banking industry: to have an efficient it solution, lean, favouring a straight through processing approach on all asset classes and oriented on the quality of execution

P H I L O S O P H Y

FIS/Sungard

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ashenden fiNANCE’s archangel suite of solutions includes

> archangel dma trading, a buy-side execution & ordermanagement system allowing direct market access and careorder flows

> archangel care solution providing a comprehensive platformfor asset managers (incl. third party asset managers) for theplacement of discretionary orders

S O L U T I O N :T H E A R C H A N G EP L A T F O R M

FIS/Sungard

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for the bank’s trading desk

> archangel dma trading

> archangel care solution

> fix (whether already connected to sungard’s hub/network ornot)

O P T I O N SA N D C O N N E C T I V I T Y ( 1 )

FIS/Sungard

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for the asset manager (bank portfolio manager, third party asset manager and/or selected clients)

> archangel dma trading or care solution

> core banking system such as apsys or other in-house developpedsolution

> sungard’s marketmap or marketmap mydesk solution (marketdata platform which can also host execution functions)

O P T I O N SA N D C O N N E C T I V I T Y ( 2 )

FIS/Sungard

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the solution which is built with a focus on automation and efficiencies provides many advantages

> efficient : supported by sungard’s technology and globalcustomer service (24/5)

> cost effective: we offer negotiated soft dollar arrangements.allows cost reductions and transformation of fixed costs intovariable costs

> reduces the impact of market risk by decreasing time-to-market

> manages risk & compliance: includes functions and reportsto help you meet regulatory obligations and detect potentialcompliance violations

A D V A N T A G E S ( 1 )

FIS/Sungard

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inter allia, allows setting up of risk controls (limits by user type, instrument type, volume; short selling permission), provides an audit-trail displaying the lifecycle of orders including time stamps for actions taken on orders and full transparency for each order’s history hence facilitating monitoring

> intuitive user interface with customizable displays

> multiple connectivity options

>> allows to focus on core activities and facilitates commercialdevelopment (with eam for instance)

A D V A N T A G E S ( 2 )�

FIS/Sungard

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> market data (real time or 15 minutes delay depending onsolution selected)

> referential information

> research (via marketmap)

> measure of orders against user- and market-defined benchmarks

> possibility to keep an existing relationship with a specializedbroker

> data storage

A D D I T I O N A LF A C I L I T I E S A N DF E A T U R E S

FIS/Sungard

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> Connected to most world exchanges and access to multipleliquidity pools

> available for listed equities, bonds, forex, options & futures,CFD, structured products

A C R O S S A L L A S S E T C L A S S E S

FIS/Sungard

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O T H E R E X I S T I N GI N T E G R A T E DS O L U T I O N S

FIS/Sungard

stp multimarket

otcincl.

forex

market data

fixnetwork oms comments

FIS/sungard

teleinvest no buy-side experience. only remote screens

lombard odier captive solutionpoint-to-point

bloomberg sseoms

expensive min. cost : 18,000 per screen

b-source / bank banking global solution captive

other buy-side ems solutions

most comparable solutioncost: 12,000 +

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We offer partnership with various levels of entries

a) zero cost, where all implementation and recurring costs(excluding in-house minor costs that can be easily evaluated),are incurred by Ashenden FinANCE

Conditions: minimum fee generation, with commission and fee schedulepreviously negotiated in case the minimum threshold amount is not achieved, bank willcompensate at year end by paying the difference between the feesgenerated and the minimum fee agreed

b) participative ad hoc proposals ranging from

> bank pays for certain modules (care for eam for instance)and agrees to a minimum fee generation or

> bank decides to pay for the whole platform -including allconnections with outside brokers- with no minimum feegeneration

FIS/Sungard

V A L U EP R O P O S I T I O N

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A solution

> best-of-breed

> global accross all asset classes

> straight forward for back offices (settlement and custodian)

> compact, global, integrated, user-friendly & flexible

> aligned with banks interests and challenges

C O N C L U S I O N

FIS/Sungard

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M A R K E T S C O V E R E D B Y A R C H A N G E L ( s u b j e c t t o c o n n e c t i o n )

FIS/Sungard

USA, Spain, Italy, Netherlands, Belgium, France, Portugal, UK, Denmark, Finland, Sweden, Norway, Switzerland, Austria, Germany, Greece, Australia, Luxembourg, Turkey, Malaysia, Mexico, Brazil, Hungary, Indonesia, Ireland, Japan, South Africa, Kuwait, Latvia, Lithuania, Czech Republic, Hong Kong, Thailand, Singapore, China, Canada, Taiwan, Poland

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MAXIMUM NUMBER OF TRADES PER TRADING DAY 1’000’000

MAXIMUM NUMBER OF COMMANDS (New order, cancellation, modification) 500 - PER SECOND

MAXIMUM NUMBER OF ORDERS PER TRADING DAY 1’000’000

MAXIMUM NUMBER OF TRADES PER SECOND 300

MAXIMUM NUMBER OF CONCURRENT AND USERS 100

PRODUCTION SYSTEM AVAILABILITY > = 99.8%

ORDER PROCESSING TIME, EXCLUDING EXCHANGE LATENCY 10 MILLISECONDS OR LESS

T E C H N I C A L P R O F I L E F O R C L I E N T S R O U T I N G T H E I R O R D E R S D I R E C T L Y T O T H E M A R K E T

FIS/Sungard

FOR MORE THAN 95% OF THE ORDERS SENT

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EAM BANK

I N T E G R A T I N G P A R T N E R S I N A S T P S O L U T I O N

FIS/Sungard

MARKET

e-banking

Apsys, Avaloq,...

ARCHANGEL DMA / CARE

ARCHANGELDMACARECONNECTION

FIX

ASHENDEN FINANCEFIS/SUNGARD

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parel, one of the leading players in the french clearing market, is a 100% owned subsidiary of the société générale group dedicated to the management of settlements for a variety of investment firms.

société générale is one of the leading financial services groups in europe. based on a universal banking model, the group combines financial strength with a strategy of sustainable growth.

present in 76 countries and benefitting from a solid foundation in europe and in high-potential regions across the globe, the 148,300 employees of the group and its subsidiaries support over 30 million individual customers, large corporates and institutional investors worldwide.

essential figures (as at 31.12.2014 unless differently stated)

148,300 employeesactive in 76 countries€ 23.6 billion in net banking incomelong term unsecured debt is rated a with standard & poor’s and A2 with moody’sratio core tier 1 basel III : 10,4% as at 30.6.2015

A B O U T P A R E L

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> guarantee of best execution with over 65 regular market counterparties

> no proprietary book, orders are not executed against it

> a team of traders - many of them with over 20 years experience in the markets - to ensure a clean and efficientexecution of all your orders

> unique particular insight into high-yield bonds, emerging markets and new issues

> a research team editing regular investment grade and specific market bond lists as well as a weekly credit overviews

A B O U T A S H E N D E N F I N A N C E

headquartered in switzerland, a country in the center of the largest overall financial market (europe) and at equidistance between two other major financial markets, Asia and north america, ashenden finbro finance was established 25 years ago as a full brokerage service firm.

the company is independent and has offices in geneva, lugano and london.

In switzerland, ashenden finANCE is supervised by the oar-g, a self regulated body recognised by the finma, while in the united kingdom its activities are regulated by the fca.

to grow into a leader in intermediation, the company has capitalized on simple values and policies, including

FIS/Sungard

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A B O U T F I S / S U N G A R D

with 30 years of experience, FIS/sungard offers customers one of the broadest and deepest ranges of solutions and services in the financial services industry.

the primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets.

recently FIS/sungard was acquired by fis, a global leader in banking and payments technology as well as consulting and outsourcing solutions with annual revenue of US $6.4 billion.

together they will be serving more than 14,000 institutions in over 100 countries and will be employing over 55,000 people worldwide. fis is a fortune 500 company and a member of standard & poor’s 500 index and generated US $9.2 billion in revenues.

FIS/Sungard

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archangel dma trading is a multi-asset hosted execution management system that provides complete order lifecycle management. it is designed to help buy-side firms take control of their unique order processes. the user interface is based on a worldwide industry-standard order management and trading workstation that is deployed by more than 1,000 client organizations.

archangel dma trading’s extensive functionality is designed to meet the global requirements of buy-side traders. its architecture allows the trading desks of banks, asset managers, and hedge funds to collate and manage orders from their various portfolio desks (bank’s portfolio managers, third party asset managers, clients) and then to trade them, in most cases with direct market access (dma).

archangel dma trading delivers a complete trading solution that:

› provides multi-market dma, smart routing and access to broker algorithms

› supports advanced execution tools, including basket and pairs trading, to optimize portfolio and arbitrage strategies

› features powerful pre- and post-trade analytics

› incorporates proprietary excel formulas and custom trading rules

› provides a consolidated view of trading activity and execution status in real time

A R C H A N G E L D M A T R A D I N G ( 1 )

FIS/Sungard

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It is easy for traders to use archangel dma trading’s intuitive interface immediately. customized workstation features include:

› market data updates delivered in real time to support monitoring of market trends

› montage trading for trading large orders quickly from the market depth display

› order entry for quick access to the marketplace, including the specific functionality of each supported market

› daily blotter for sorting and modification of executed orders

› profit and loss for execution performance measurement and strategy adjustments, with real-time calculations filteredby clients, instruments or markets

› easy customization of screen layouts depending on which assets are being traded

A R C H A N G E L D M A T R A D I N G ( 2 )

FIS/Sungard