Nicolas Vallee, Head of VALUE developments

VALUE evolutions summary

Core system

• Real time position

Front keeping OMS,
• Trade capture Electronic
Office • Instruments platforms
valuation
• P&L calculation

• Risk scenarios
• Risk sensitivities
Greeks
Risk
• P&L analysis

• Corporate actions
Middle • Workflow
• Messaging
Back • Settlement
• Accounting
Office

• Data model with

transactions,
Data instruments, thirds,
Management positions
• Data export / import
 VALUE evolutions summary

Buy side
Core system
fundamentals

• Fund columns
Front • Fund indicators OMS,
• Fund views Electronic
Office • Strategies platforms
• Extractions
• Allocations

Risk

• Fund fees and S/R

Middle • PB interests
• Cash management
Back • NAV calculation
Office

• Fund data model

Fees, S/R,
Data accounts, PB
Management
 VALUE evolutions summary

Buy side
Core system Connectivity
fundamentals

Front OMS,
Electronic
Office platforms

Risk

• Reconciliation
Middle positions and Prime Brokers
transactions
Back Administrators

• Reporting Investors
Office

• Data Service
Data
Data providers
Management
 VALUE evolutions summary

Buy side
Core system Connectivity Orders & Risk
fundamentals

• Order Book
Front OMS,
Electronic
Office platforms

• VaR

• compliance
Risk

Middle Prime Brokers

Back Administrators
Investors
Office

Data
Data providers
Management
 Focus on latest developments

Available in 2006 Q4 2007 2008

v3.2 v3.3 v4.0
• Portfolio modelling • Orders modification

• Pivot extractions • F8 & F9 on single position

Front OMS,
• Extraction criteria filters Electronic
• Dynamic P&L freeze
platforms
Office
• Forecast on single
position (F10)

DASHBOARD

• Limits on parametric VaR • XML scenarios

• Limits on scenarios • Historical VaR results in

portfolios
Risk
• Parametric VaR report

• Reconciliation blotter • Cash reconciliation

Middle • New cash balance • Enhanced DTCC Prime Brokers

connection (XML)
Back Administrators
• Automatic trade
Investors
Office allocation

• Data Service • Data Service

Markit iTraxx & CDX Bloomberg ABS, MBS,
CMA CDS corporate actions
Data Sophis CB Data
Management providers
 Focus on latest developments Portfolio modelling

Available in 2006
v3.2
• Portfolio modelling

• Pivot extractions
Front OMS,
Electronic
• Dynamic P&L freeze
platforms
Office
• Forecast on single
position (F10)

Risk

Middle Prime Brokers

Back Administrators
Investors
Office

Data Data
Management providers
 Focus on latest developments Pivot extractions

Available in 2006
v3.2
• Portfolio modelling

• Pivot extractions
Front OMS,
Electronic
• Dynamic P&L freeze
platforms
Office
• Forecast on single
position (F10)

Risk

Parametric VaR report • Cash reconciliation

Middle • DTCC connection Prime Brokers

Reconciliation blotter
Back Administrators
Investors
Office Cash reports trade date

Data Data
Management providers
 Focus on latest developments Dynamic P&L freeze

Available in 2006
v3.2
• Portfolio modelling

• Pivotextractions
Pivot extractions
Front OMS,
DynamicP&L
P&Lfreeze
freeze Electronic
• Dynamic
platforms
Office
• Forecast on single
position (F10)

Risk

Middle Prime Brokers

Back Administrators
Investors
Office

Data Data
Management providers
 Focus on latest developments Parametric VaR report

Available in 2006
v3.2
• Portfolio modelling

• Pivot extractions
Front OMS,
Electronic
• Dynamic P&L freeze
platforms
Office
• Forecast on single
position (F10)

• Limits on parametric VaR

• Limits on scenarios
Risk
• Parametric VaR report

Middle Prime Brokers

Back Administrators
Investors
Office

Data Data
Management providers
 Focus on latest developments Reconciliation blotter

Available in 2006
v3.2
• Portfolio modelling

• Pivot extractions
Front OMS,
Electronic
• Dynamic P&L freeze
platforms
Office

• Limits on parametric VaR

• Limits on scenarios
Risk
• Parametric VaR report

• Reconciliation blotter
Middle • New cash balance Prime Brokers

Back Administrators
• Automatic trade
Investors
Office allocation

Data Data
Management providers
 Focus on latest developments New cash flow diagrams

Available in 2006 Q4 2007

v3.2 v3.3
• Portfolio modelling • Orders modification

• Pivot extractions • F8 & F9 on single position

Front OMS,
• Extraction criteria filters Electronic
• Dynamic P&L freeze
platforms
Office

• Limits on parametric VaR

• Limits on scenarios
Risk
• Parametric VaR report

• Reconciliation blotter
Middle • New cash balance Prime Brokers

Back Administrators
• Automatic trade
Investors
Office allocation

• Data Service
Markit iTraxx & CDX
CMA CDS
Data Sophis CB Data
Management providers
 Focus on latest developments Extraction criteria filters

Available in 2006 Q4 2007

v3.2 v3.3
• Portfolio modelling • Orders modification

• Pivot extractions • F8 & F9 on single position

Front OMS,
• Extraction criteria filters Electronic
• Dynamic P&L freeze
platforms
Office

DASHBOARD

• Limits on parametric VaR

• Limits on scenarios
Risk
• Parametric VaR report

• Reconciliation blotter
Middle • New cash balance Prime Brokers

Back Administrators
• Automatic trade
Investors
Office allocation

• Data Service
Markit iTraxx & CDX
CMA CDS
Data Sophis CB Data
Management providers