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5th AnnuAl CollAterAl MAnAgeMent

5th - 6th oCtoBer 2011, BArCelonA
OUR ExPERT ADVISORY BOARD
Klaus Hller, UniCredit Group, Austria Global Head of Collateral Management Mark Higgins, BNY Mellon, UK Collateral Management, Business Development Director, EMEA Region

FIND YOUR REASONS TO ATTEND

Following up on succesful event series, the Fleming Group brings you Collateral Management already for the fifth time. Collateral managers from major European financial institutions will gather in the beautiful city of Barcelona to discuss latest trends and developments. They will share their knowledge, years worth of experience and case studies.on effective collateral management strategies. If you intend to learn how to effectively cope with key challenges on the horizon new regulations and unsolved puzzles, to capture main opportunities for advancement and process optimization, and to counter risks through collateral management, then this is a must attend event for you!

YOUR PRESTIGIOUS SPEAKER PANEL

Oliver Dosch Commerzbank, Germany Global Head of Collateral Management Jrgen Pohl, Bayerische Landesbank, Germany Senior VP Collateral Management Giuseppe Ballocchi Pictet, Switzerland Head of Financial Engineering & Risk Analytics Niels Martin Tholstrup Fjeldgaard Danske Bank, Denmark Head of Collateral Management Bernhard Beran Raiffeisen Bank International AG, Austria Head of Collateral & Agreement Management Ali Ziya Akca Garanti Bank, Turkey Risk Control Vice President, Derivatives Dept. - Treasury Simon McKernan, RBS, UK Head of Collateral Management Jaap Mauritz De Nederlandsche Bank, The Netherlands Senior Policy Advisor Jeannette Capel De Nederlandsche Bank, The Netherlands Senior Policy Advisor Fredy Flury Bank Vontobel, Switzerland Head of Collateral Management Petra Crull Deutsche Bank, UK Director, European Head Collateral & Global Head of Valuations Luc Van den Broeck Dexia Bank, Belgium Senior Representative Financial Markets Operations David Suetens ING Investment Management, The Netherlands Chief Risk Officer Bulent Ozturk ING Investment Management, The Netherlands Senior Risk Manager Eurex Clearing, Germany Senior Representative Fouad Estephan Euroclear, Belgium, Manager BNP Securities Services, France, Senior Representative Murex, Ireland Senior Representative

KEY TOPICS
Get your Collateral Management teams prepared for basel iii in advance understand what will CCPs mean for Collateral Management benefit from the outsourcing opportunities Discover main opportunities for advancement through latest technology Maximize the effectiveness of your Collateral Management tools Achieve successful Collateral Management optimization and process excellence Discuss key collateral management puzzles: outsourced versus in-house processing, bilateral versus triparty structures, cash versus non-cash forms of collateral Network with your peers in the sunny barcelona

PANELISTS
Simon Lillystone, Omgeo Director Business Development, Collateral & Margin Management Ted Allen, SunGard, UK, Vice President Capital Markets Collateral Helen Nicol, Lombard Risk COLLINE Product Director Jon Philp, InteDelta, UK Managing Consultant Philippe Rozental Societe Generale Securitites Services, France Head of SGSS FAS Asset Servicing Neil Murphy, Algorithmics, UK Pre Sales/Business Development

CONFERENCE HIGHLIGHTS
100+ ATTENDANCE TOP COLLATERAL MANAGEMENT ExPERTS FROM WESTERN EUROPE VARIETY OF PERSPECTIVES: retail banks, investment banks, central banks, asset management, pension funds, hedge funds, clearing houses LATEST UPDATES FROM THE BEST SOLUTION PROVIDERS INTERACTIVE PANELS AND OTHER DISCUSSION OPPORTUNITIES

booking line: tel: + 36 1 411 1840 / Fax: + 36 1 411 1841 email: mate.buki@flemingeurope.com, www.flemingeurope.com

GolD sPoNsors

WHAT OUR PAST ATTENDEES SAID

I was impressed by the attendance at the conference. Really impressive to gather 120 people in Amsterdam on this topic. Thanks for hosting such a great event and giving me the availability to present.
Chief Risk Officer at ING Investment Management

We found the overall event very well organized with a good overview of all areas around collateral management.
silver Plus sPoNsors

Vice President Collateral Management, Deutsche Bank

From my perspective, all was very professionally handled, would be delighted to come again next year!
Head of CCBM and Collateral, European Central Bank, ECB

It was the best collateral management conference that I have attended over the past three years.
Business Development at Murex

CHARTS FROM PAST ATTENDEES

PARTICIPANTS - GEOGRAPHIC BREAkDOwN:
western Europe - 77% Northern Europe - 14%
silver sPoNsor

CEE/SEE - 6% CIS - 2% USA - 2%

MeDiA PArtNers

PARTICIPANTS - jOB POSITIONS BREAkDOwN

Senior Managers - 31% Vice Presidents/ Directors - 34% Heads of Dept. - 23% CxO - 13%

WHO SHOULD ATTEND

Investment and Retail Banks, Asset Management Houses, Hedge Funds, Pension Funds: Global Heads, Heads, Directors and Managers of Collateral Management, Collateral Trading, Repo Trading, OTC Derivatives, Securities Lending, Credit Risk, Liquidity Management, Portfolio Management, Margin Valuation and Operations, Compliance and Legal Division

booking line: tel: + 36 1 411 1840 / Fax: + 36 1 411 1841 email: mate.buki@flemingeurope.com, www.flemingeurope.com

DAY 1 / WEDNESDAY, OCTOBER 5th 2011

8:30 9:00 9:05 Registration and Coffee Welcome Note from the Fleming Group Opening Remarks from the Chair Future Trends in Collateral Management 9:10 KEYNOTE SPEECH: Quo Vadis Collateral Management Market?
Main challenges on the horizon new regulations, old unsolved problems Main opportunities for advancement collateral processes optimization, operational excellence and technology? Key puzzles to consider: - Cash vs. non-cash forms of collateral - Bilateral vs. triparty collateral management structures How will the future face of Collateral Management look like? Q&A: Call for audience opinions!

Regulatory Framework Developments: Basel III 14:20 Trends in OTC Collateral Management
OTC Collateral Management today & tomorrow How to prepare for Basel III? What kind of practical implications will Basel III bring for banks OTC Collateral Management units?

Oliver Dosch, Commerzbank, Germany Global Head of Collateral Management Best Practices from Central Banks 15:00
CAse stuDY

Banks

Collateral Management and Central

Central Counterparties - What will CCPs mean for Collateral Management Industry? 9:50 Unveiling the CCPs perspective: How do CCPs view the Collateral Management market?
The role of CCPs How many and what types of CCPs will there be? What activities and products will they offer? CCPs for OTC Derivatives Reconciliations Choosing the right CCP as your business partner Q&A

Collateral management within a central bank Eurosystem practice and infrastructure improvements (CCBM2) A central banks view on changes in commercial banks liquidity and collateral management Do current trends call for new international financial market infrastructures or enhanced central bank cooperation? Q&A

Jaap Mauritz, De Nederlandsche Bank, The Netherlands Senior Policy Advisor Jeannette Capel, De Nederlandsche Bank, The Netherlands Senior Policy Advisor 15:40 Afternoon Tea and Coffee Dispute Resolution 16:00 Reconciliations and Dispute Resolution Process
Achieving efficient and timely portfolio reconciliation Reduction of disputes - major drain on time and money Simple, speedy and practically enforceable dispute resolutions science fiction or near future? Quick look at the current state of dispute resolution formalization Available alternatives Q&A

Eurex Clearing, Germany, Senior Representative 10:30 11:10 Coffee Break CCPs from the perspective of a Bilateral Collateral Manager
Potential Impacts of CCPs on bilateral collateral managers Impacts on portfolio volatility Impacts on reconciliations OTCs Which organizations should opt for CCP and which should stay outside the system? Q&A

Jrgen Pohl, Bayerische Landesbank, Germany Senior VP Collateral Management Human Factor in the Front 16:40 Which One Makes the Real Difference For A Successful Collateral Management: System or Human Factor?
Organization and leadership of Collateral Management team Motivation of your people Keeping the best people within the organization Performance measurement Compensation packages Q&A

11:50

Simon McKernan, RBS, UK, Head of Collateral Management INTERACTIVE PANEL DISCUSSION
The audience has an opportunity to open a discussion with the morning speakers. Suggested topic: Costs Efficiency Security Control Panelist opportunities for Central Clearing Houses

CCPs implications for Collateral Management

Ali Ziya Akca, Garanti Bank, Turkey Risk Control Vice President, Derivatives Department - Treasury 17:30 INTERACTIVE PANEL DISCUSSION
The audience has an opportunity to open a discussion with the afternoon speakers. Suggested topics:

Jon Philp, InteDelta, UK, Managing Consultant Helen Nicol, Lombard Risk, COLLINE Product Director 12:20 Luncheon Practical Considerations of Collateral Management Outsourcing 13:40 Outsourcing vs. In-House
Matter of volume, matter of cost reduction, matter of efficiency? Outsourcing - Operational Risk Relation Manage and monitor your service level agreements! What is the value added by your provider, what additional services to expect/demand? Q&A

Formal and self-regulating efforts in Collateral Management

Basel III Dodd Frank Regulation Eurosystem Dispute Resolution

18:00

Cocktail Reception

booking line: tel: + 36 1 411 1840 / Fax: + 36 1 411 1841 email: mate.buki@flemingeurope.com, www.flemingeurope.com

DAY 2 / THURSDAY, OCTOBER 6th 2011

9:00 Welcome Note from the Fleming Group Liquidity - Collateral Management 9:10 The Role of Collateral in Liquidity Management
Lessons learned from the crises and next steps Impact of the regulatory changes on the day-to-day liquidity management Importance of bilateral, tri-party and CCP reports on liquidity management Adequate tools to monitor liquidity positions Q&A Fouad Estephan, Euroclear, Belgium, Manager

13:00 Luncheon Trends in Collateral Management Products 14:00 A common sense approach to the valuation of OTC derivatives
Valuation methodologies The future of OTC derivatives Q&A Giuseppe Ballocchi, Pictet, Switzerland Head of Financial Engineering & Risk Analytics

14:40 Repos and the repo markets

Different repo products Risks and risk mitigation Repo margining Triparty collateral management Q&A

Collateral Management Optimization 9:50 Reaching Process Excellence in Collateral Management

Elements of typical Collateral Management process Margin calculations, margin calls management, reconciliations Accelerating and sustaining improvements efforts Key tools and methodologies for effective Collateral Management Ensuring effective process documentation Q&A Niels Martin Tholstrup Fjeldgaard, Danske Bank, Denmark, Head of Collateral Management

Best Practices from Asset Managers 15:20

CAse stuDY Collateral Management from the Buy Side - Asset Managers perspective

10:30 Coffee Break 11:00 Straight-Through Processing in Collateral Management: Both Necessity and Oportunity
Balancing speed of action and control Reducing operational costs Assessing systemic risk, error tracking and minimizing inefficiencies Q&A Petra Crull, Deutsche Bank, UK, Director, European Head Collateral and Global Head of Valuations

Banks vs. Asset Managers different approaches, dynamics and standards Collateral and Risk Management in Asset Management Specificities of Liquidity Management Use of non-cash collateral Dos and Donts Control measures Q&A David Suetens, ING Investment Management, The Netherlands Chief Risk Officer Bulent Ozturk, ING Investment Management, The Netherlands Senior Risk Manager

16:00 INTERACTIVE PANEL DISCUSSION

The audience has an opportunity to open a discussion with the afternoon speakers. Suggested topic:

11:40 Further Automation in Collateral Management

The benefits and drawbacks of the automation process Choosing the right technology ROI New platforms and new applications Q&A Luc Van den Broeck, Dexia Bank, Belgium Senior Representative Financial Markets Operations

Collateral Management from the perspective of different players and products

Banks vs. asset managers Outsourced vs. in-house Bilateral vs. triparty Cash vs. non-cash

12:20 INTERACTIVE PANEL DISCUSSION

The audience has an opportunity to open a discussion with the morning speakers. Suggested topics:

16:30 Farewell Coffee and Networking

Experiences with Operational Excellence and Collateral Management Transformation Programs

Process Optimization STP Automation and launch of new technologies Panelist opportunities for technology providers Ted Allen, SunGard, UK Vice President Capital Markets Collateral Neil Murphy, Algorithmics, UK Pre Sales/Business Development Simon Lillystone, Omgeo, Director Business Development, Collateral & Margin Management

booking line: tel: + 36 1 411 1840 / Fax: + 36 1 411 1841 email: mate.buki@flemingeurope.com, www.flemingeurope.com

MEET OUR COMPREHENSIVE SPEAKER PANEL Bernhard Beran, Raiffeisen Bank International AG, Austria Head of Collateral and Agreement Management Bernhard Beran is Head of Collateral & Agreement Management at Raiffeisen Bank International, Vienna. In his current position, he is responsible for developing the credit risk mitigation strategy for OTC derivatives business of RBI Group. Bernhard joined Raiffeisen Zentralbank, which merged with Raiffeisen International in 2010 to form Raiffeisen Bank International, in 2004. From 2000 to 2004, he headed the application management department of the web-trading subsidiary of Raiffeisen Zentralbank. Before that, he worked in the field of training and education for several Austrian banks and IBM. Bernhard holds a university degree of the Vienna University of Economics and Business and finished a college for information technology. Juergen Pohl, Bayerische Landesbank, Germany Senior VP Collateral Management After school Juergen did a professional training in a savings bank. Afterwards he studied mathematics at the University for Applied Sciences in Regensburg. In 1996 he joined Bayerische Landesbank as a programmer in their IT-department. Also in 1996 Juergen moved to the treasury department and worked in ALM, was team leader of risk management and founded the collateral management team in 1999. As head of the team he was responsible for margining (OTCderivatives, repo and securities lending), the covered bond pool management, the management of the ECB-collateral and some other portfolios pledged for different reasons. In 2009 the team was included in the liquidity management department. The responsibility as of a Senior VP is now for the whole Bayerische Landesbank group. Ali Ziya Akca, Garanti Bank, Turkey Risk Control Vice President, Derivatives Department - Treasury Ali Ziya Aka is an economist who has been working at Garanti Bank Risk Control and Compliance Department since 2006. After working at Middle Office for a period, he has been responsible for the Collateral Management Team since 2009. He has 7 years of banking and audit experience on banking treasury products and systems. Ali holds a Masters Degree in Financial Economics and he graduated from London School of Economics (LSE) Economics external program in 2003. Fouad Estephan, Euroclear, Belgium Manager responsible for Euroclear Banks triparty collateral management services within the Product Management division Mr. Estephan began his career at Euroclear in 2003 as an Operational Risk Manager where he was responsible for the implementation of operational incident reporting and the control self-assessment methodology employed at group level. In 2005, he transferred to the Banking division as Product Manager where he analysed and improved liquidity management and money transfer infrastructures and processes. Mr. Estephan joined the triparty collateral management team within the Product Management division in 2007. Mr. Estephan holds an MBA from the Solvay Business School (1992) and a Bachelors degree from Universit Libre de Bruxelles (Belgium). Helen Nicol, Lombard Risk, COLLINE Product Director Helen Nicol joined Lombard Risk in 2006 after several years at Credit Suisse, working in the Listed Derivatives and Collateral Departments. Helen has global product positioning and full P&L responsibility for COLLINE, Lombard Risks fast growing collateral management software product. Helen has an Honours Degree in Law, is qualified as a solicitor from the College of Law in Guildford and a member of the London Law Society. Helen also serves as a committee member of the International Swaps and Derivatives Association.

Niels Martin Tholstrup Fjeldgaard, Danske Bank Head of Collateral Management Niels Martin Tholstrup Fjeldgaard has been with Danske Bank Group, the second largest Financial Institution in Scandinavia, since the year 2000. First he held various positions in Danske Markets Business Support and since 2003 in Collateral Management. Since 2006 he has been Head of Collateral Management. He holds a Master of Science degree in Finance and Accounting from Copenhagen Business School. Ted Allen, SunGard, UK VP Capital Markets Collateral Management Ted has been at the forefront of collateral management activity and thinking for over 15 years. He was a Collateral Manager with JP Morgan running their London OT Derivatives Collateral team in the mid-nineties, a Collateral Project Manager with First National Bank of Chicago and Collateral Product Manager with SunGard for seven years. IN 2006, Ted joined CubeMatch, a specialist credit risk focused consultancy house, as Principal Consultant where he established and led its Collateral Practice. He advised clients on margin strategy, system selection and implementation and most recently managed the margin systems for Nomura where he led the selection, development and implementation of a cross-business margin platform covering prime brokerage, equity finance, listed derivatives, cross netting and repo. He also led the efforts in implementing and building out a vendor platform to support the OTC derivatives collateral management as the bank transformed itself into a top tier institution following the acquisition of Lehman Brothers. Ted rejoined SunGard in July 2010 as Vice President and Product Manager for Collateral in Capital Markets. David Suetens, ING Investment Management, The Netherlands Chief Risk Officer In September 2008 David was appointed Chief Risk Officer for ING Investment Management Europe and became Global CRO for ING Investment Management in December 2009. He is a member of the Board of ING Investment Management. ING Investment Management is the asset manager of ING with approx 378 Billion EUR assets under management. Worldwide, over 3.600 professionals watch over clients money and ING Investment Management has presence in Europe, Americas and Asia-Pacific. Previously David was active as the Global Head of Compliance, Legal and Risk Management for ABN AMRO Asset Management and member of the Management Team. He continued in this role with Fortis Investments after the separation from ABN AMRO Group till June 2008. David is also a member of different SICAV Boards in Luxembourg. He worked for ABN AMRO since1998, where he held various senior global positions within ABN AMRO Bank in London and Amsterdam. Before joining ABN AMRO he was a product-manager with EUROCLEAR for two years. He started his career with Bank Brussels Lambert, Brussels. David holds a degree in Investment Advice from St Aloysius University (Brussels) and is a Faculty of Law Juris Doctor from the Catholic University Leuven. He holds a Masters degree in International Banking Law and Finance from Boston University School of Law. Blent zturk, ING Investment Management, The Netherlands Senior Risk Manager Blent joined INGIM Risk Management on 1st April 2009 as Risk Analyst, transferring from Fortis Investment Management where he was heading the Credit Risk department. Blent started his banking career at Abn Amro in 1999 in Finance and moved to the risk area in 2001. Within risk Blent worked as credit risk controller and later as credit officer, managing the trading credit risk for corporates, financial institutions and public sector for Western Europe till June 2007. In June 2007 Blent transferred to Abn Amro Asset Management which was integrated into Fortis Investment per April 2008. Blent studied accountancy and business economics at the Faculty of Economics and Econometrics of University of Amsterdam