Eurex Clearing Connectivity

EUREX CLEARING CONNECTIVITY

As a third-party flow provider, EquiLend Clearing Services (ECS) offers connectivity to Eurex Clearing’s Lending CCP. ECS leverages EquiLend’s suite of trading and post-trade services coupled with the ECS Gateway to allow for trade execution/matching and management of all lifecycle events. ECS allows EquiLend’s market participants to leverage their existing infrastructure to make the management of CCP activity consistent with traditional bilateral activity.

HOW IT WORKS

Clients conduct their normal bilateral trading activity using the NGT platform. Once both sides of the transaction match, the transaction is sent to the ECS Gateway and on to Eurex Clearing for clearance and settlement. ECS will then communicate settlement, mark to market, billing and asset servicing information from Eurex Clearing in real time to the counterparties. The flexibility exists to allow for straight-through processing for all activity or the use of our screen- based solution. Note: To use EquiLend Clearing Services CCP Connectivity, both counterparties to the trade must be using ECS as their third-party flow provider. BENEFITS

• Provides access to Eurex Clearing’s Lending CCP via a trusted technology provider • Leverages existing EquiLend trading and post-trade technology, simplifying the Lending CCP connection for current EquiLend users • Fully automated, real-time status updates • Automated best practice approaches to exposure management, asset servicing and settlement risk • Global solution that can be used for many CCPs • Standard process for bilateral and CCP-novated trades

Who We Are

EquiLend is a leading provider of trading, post-trade, market data and clearing services for the securities finance industry with offices in New York, Boston, Toronto, London, Dublin, Hong Kong and Tokyo. EquiLend is owned by Bank of America Merrill Lynch, BlackRock, Credit Suisse, Goldman Sachs, J.P. Morgan, Morgan Stanley, National Bank of Canada, Northern Trust, State Street and UBS. EquiLend operates NGT, the securities finance industry’s most active trading platform, as well as a Post-Trade Suite for securities finance operations. DataLend provides performance reporting and global securities finance data to agent lenders, broker-dealers and beneficial owners. EquiLend Clearing Services offers CCP services and connectivity. EquiLend SFTR offers a no-touch, straight-through solution for Securities Financing Transactions Regulation. EquiLend Spire is a front-, middle- and back-office platform for securities finance businesses.

NEW YORK BOSTON TORONTO LONDON DUBLIN HONG KONG TOKYO +1 212 901 2200 +1 857 800 9551 +1 416 865 3395 +44 207 426 4426 +353 1 653 2122 +852 3622 3988 +81 50 3579 3335

ECS LOAN BORROWER LENDER MARKET

New Trades Re-Rates Returns Recalls

ECS GATEWAY

Confirmation Settlement Exposure Management Reporting Billing Asset Servicing

1 2 3 4 Leveraging NGT & ECS submits Eurex Clearing Real-time status PTS connectivity, matched manages post-trade updates to ECS receives transactions to lifecycle events, counterparties; matched loans Eurex Clearing for updating ECS at real-time file and processes novation every change in processing lifecycle events from status borrower and lender

NEW YORK BOSTON TORONTO LONDON DUBLIN HONG KONG TOKYO +1 212 901 2200 +1 857 800 9551 +1 416 865 3395 +44 207 426 4426 +353 1 653 2122 +852 3622 3988 +81 50 3579 3335