Scrittura Overview Brochure Interwoven’s Capital Markets Solutions

Innovative Solutions for This volatility is exacerbated by the efficient pre- and post-trade activity, Regulatory Compliance and disparate transaction processing through instant document generation, Securities Operations environments that exist in the majority integrated document management, of financial organizations. An industry- automated workflow routing, full audit Interwoven’s Scrittura is recognized wide vulnerability of poor back office trails, and real-time reporting capabilities— as the market leader in automation of infrastructure has resulted in severe bringing certainty to trade processes and documentation, processes and counterparty trade backlogs, transactional errors, and helping financial institutions stay ahead of messaging for middle- and back-office manual processes for trade negotiation, the regulatory curve. operations in the financial securities confirmation and settlement. Given and capital markets. Scrittura’s suite of the recent regulatory attention these The Scrittura Solution Suite is comprised of innovative solutions enables financial issues have prompted, it is clear that the the following solutions that can be installed institutions to adapt to the increasingly automation of trade documentation is independently or operate seamlessly complex workflow needs of middle- and critical—if the financial services industry is together: back-office processing of non-exchange- to mitigate the significant operational risk Scrittura SellSide Solution based trades. Built to automate and manage created by this vulnerability and successfully the full lifecycle of trade documentation reach the industry’s goal of moving towards Scrittura SellSide automates, validates and operations, Scrittura solutions enable T+0 straight through processing (STP). and simplifies the confirmation and capital markets operations professionals documentation processes for OTC to easily manage increasing volumes of Solutions for compliance, audit and derivatives and structured products. multiple transaction types—streamlining control, and regulatory reporting Scrittura’s flagship solution, SellSide compliance while reducing costs and Interwoven draws on its market leadership greatly reduces trade backlogs, while mitigating operational risk. and expertise in Collaborative Document simultaneously increasing trade confirmations accuracy through Today, Scrittura solutions are the trusted Management, automated document sophisticated functionality that: choice of more than 30 of the world’s tracking, archival and retrieval, and high- largest dealers and investment managers, volume records management, to offer a n Expedites post-trade processing through who rely on Scrittura products to transact powerful suite of solutions to the financial customizable templates and automated billions of dollars in derivatives every day. services customer to automate and document configuration, enabling finan- streamline the entire problem set around A competitive marketplace with cial institutions to support both vanilla compliance management, real-time audit and complex structured trades increasing risks and regulatory and controls, and regulatory reporting and standards records. n Resolves trade-processing errors by auto- mating manual processes such as routing The financial services industry continues Interwoven’s Scrittura suite confirmations, advises and schedules to experience tremendous change and of solutions makes the critical for drafting and approval; trade match- turbulence while moving at a breakneck difference ing, consolidation and analysis reduce pace. The explosive growth in derivatives outstanding confirmations volumes, an increased regulatory spotlight, Interwoven’s Scrittura suite of configurable and the accelerated convergence of and cost-effective solutions meets specific n Ensures compliance by enabling on- exchange-traded and OTC markets combine workflow, communication, and document demand reporting of outstanding trades; to create ever-expanding risks for financial automation needs for structured financial dealers can dispatch reports based on institutions. products. Each Scrittura solution enables “The original goal of the Scrittura project was to solve our most pressing documentation automation needs. Given our satisfaction and confidence with this product, we are pleased to exercise our option to license Scrittura for other trading areas.”

— David Frankel, Sr. Vice President, AIG

trade type, counter-party and age; push notifications alert traders of impending Affiliations trade execution or outstanding, uncon- The Interwoven Scrittura Solution Suite is supported by strong affiliations with firmed transactions industry-leading associations, to ensure market compliance as well as strategic alliances to deliver best-in-class, end-to-end solution implementations. Scrittura P2P™ Solution Technology Integration Scrittura P2P™ is the industry’s first and only solution that automates the post-trade Scrittura is fully-integrated with DTCC Seriv/SERV confirmation process for OTC derivatives Trade Information Warehouse directly between financial parties—without the intermediation of a third-party broker. Industry Associations The solution enables financial institutions to: n Achieve fast, accurate, direct STP be- tween any and all parties via a real-time peer-to-peer infrastructure that elimi- nates the risks, constraints, inadequacies Strategic Alliances and delays associated with brokered messaging n Significantly reduce trade backlogs through a rich, universal message struc- ture that allows bilateral messages to be n n unique for each set of counter-parties and Resolving trade discrepancies through Speed up trading agreement assembly easily updated as requirements evolve auditable trade annotations, precision via client-ready contracts from an ex- queries on unmatched trades, and bar- tensible template library, minimizing the n Automate trade operations through an codes that automatically match returned potential for errors or stalls along actionable workflow with matching and documents against existing trades the way reconciliation capabilities to identify mes- n n sage types and dynamically route mes- Minimizing operational risk by inte- Control the negotiation process in a truly sages based on pre-defined rules, greatly grating front and back office systems; iterative and collaborative environment reducing confirmation processing times Scrittura allows users to send messages through an automated workflow, ulti- to ICE for trade submission, cancellation mately eliminating backlogs of unsigned Scrittura Commodities Solution and disputes, and automatically routes agreements trades to an automated eConfirm work- n Scrittura Commodities automates the flow, based on counter-party and product Improve decision making for all partici- communication and confirmation process group criteria pants and ensure compliance oversight for both energy and broader commodity with powerful sequence control, security, trades. This comprehensive solution is Scrittura Master Agreement audit, and reporting mechanisms designed to bring total efficiency to trade Solution confirmations by: Scrittura BuySide Solution Scrittura Master Agreement automates and Scrittura BuySide is among the most n Eliminating costly manual errors through validates the lifecycle of legal agreements automation and customization; traders for trading by actively and accountably cost-effective confirmations solutions in create and edit negotiated documents engaging all transacting parties within the market, tailored to the specific needs for natural gas and electricity in familiar a secure, controlled, and coordinated of asset- and portfolio-managers on the word processing environments without environment. The solution streamlines buy-side. It automates and validates the formatting difficulties or loss of docu- the master agreement process for OTC incoming confirmation process for OTC ment control derivatives trading, empowering dealers to: instruments to: “There are many potential economies to be maximized in the derivatives documentation process. Scrittura fits in with our bank-wide strategy to increase efficiency by leveraging modern intranet technologies.”

— Luzia Nicosia, Commerzbank’s VP of Interest Derivatives Operations

n Reduce trade processing times through

an automated workflow that routes INCREASE: incoming confirmations, reviews legal Accuracy and process integrity terms, approves and stamps electronic Accountability and security signatures and dispatches replies to Transaction capacity Compliance with regulatory requirements counter-parties, pinpointing erroneous or Integration with existing systems incomplete data Instant document n Increase regulatory compliance by generation and Automated workflow Full audit trails and tracking all inbound documentation; integrated document routing real-time reporting at any approved user’s command, any management trade variable can be viewed, edited and DECREASE: downloaded; a full audit trail allows users Operational risks to locate documents in the workflow Transaction volume sensitivity process at any given time Processing errors Trading delays/backlogs n Improve operational efficiencies through Back-office operational costs real-time reporting that alerts for trade execution dates, as well as outstand- ing and unconfirmed trades; track these n Scrittura Matcher is a comprehensive trades by type, counter-party and/or age. complete lifecycle management of trade documentation. matching engine that can be used on Scrittura software platform: a a bi-lateral or hosted basis for diverse scalable and extensible architecture Additional Scrittura components extend the matching of OTC messages. three core engines to enhance usability and The Scrittura Solution Suite relies on a Web- meet industry-specific requirements. Proven benefits to financial enabled technology platform at the core institutions of which are three powerful engines that n The Document Imaging Framework uses plug-in bar-code and OCR technology The Scrittura solution suite is aimed can be deployed independently or jointly to squarely at the real-world trade processing achieve the highest level of value. to process inbound documents, passing decoded information to the DocManager problems in back-office departments DocGenerator and Workflow Manager engines. burdened with high volume, time- Scrittura’s DocGenerator component engine sensitive transactions, and data-intensive creates trade-related documents. Through n The Audit & Reporting Framework pro- documentation. As customers have dynamic templates, data feeds can be vides out-of-the-box and customizable repeatedly attested, Scrittura solutions taken from external sources, enhanced and reports to meet operational and regula- deliver the benefits necessary to achieve modified by a controlled group of users, and tory needs. cost-effective deployments and typical ROIs transformed into a final document. within 12 months. n Scrittura WordML® is a powerful ad- DocManager dition to DocGenerator that allows Customer success stories Scrittura’s DocManager provides structured, templates and generated documents to be maintained in Microsoft Word. AIG International Inc. single-source storage for all trade-related AIG International Inc. (AIGI), an American documentation, including support for n Scrittura Messaging comprises the International Group, Inc. member company, automatic indexing, version control, and messaging infrastructure of the Scrittura has deployed Scrittura SellSide in its flexible search criteria. software platform; it generates FpML, and Greenwich, CT trading and operations Workflow Manager other XML-based message types for use headquarters to streamline generation Scrittura’s Workflow Manager enables with central trading and matching services and tracking of confirmations for foreign back-office personnel to customize and such as DTCC, EDX, and SWIFT, enabling exchange options. This implementation automate the entire workflow process for true STP of OTC derivatives trading. interfaces directly with AIGI’s proprietary “Scrittura is already reducing the ‘paper chase’ in our derivatives documentation group.”

—Manolo Bernardo, Commerzbank’s Assistant Vice President

foreign exchange trading system, to allow n Barclays Capital About Interwoven, Inc. AIGI to automate generation, signing, and n CSFB tracking of trade confirmations, based on Interwoven is a global leader in content management solutions. International Swap Dealers Association n Commerzbank and International Foreign Exchange Interwoven’s software and services enable documentation standards—significantly n Danske Bank organizations to effectively leverage content enhancing accuracy and data integrity and n to drive business growth by improving minimizing operational risk in the back- the customer experience, increasing office. n Dexia Bank collaboration, and streamlining business Commerzbank North America n Greenwich Capital Markets processes in dynamic environments. Commerzbank North America has n HypoVereinsbank Our unique approach combines user- implemented the Scrittura SellSide solution friendly simplicity with robust IT in its New York office to automate the n Landesbank Hessen Thuringen performance and scalability to unlock the generation, signing, and tracking of trade n value of content. confirmations, based on both International Mitsubishi Securities Intl plc. Swap Dealers Association and German n Today, nearly 3,900 enterprise and Deutscher Rahmenvertrag documentation professional services organizations standards. Scrittura’s scalable and n worldwide have chosen Interwoven, flexible solution allows Commerzbak to including: adidas, Airbus, Avaya, Cisco, n customize templates and codify business DLA Piper, the Federal Reserve Bank, FedEx, rules to follow its internal documentation n Scotia Capital HSBC, LexisNexis, Microsoft, Samsung, practices—greatly reducing complexity Shell, Samsonite, White & Case, and n Standard Chartered Bank and improving efficiency in the trade Yamaha. Over 18,000 developers and over confirmation process. n Wachovia Bank 300 partners enrich and extend Interwoven’s offerings. To learn more about Interwoven, Representative Customers n Toronto Dominion Bank please visit www.interwoven.com An increasing number of the world’s n Grupo Santander leading financial institutions are deploying Scrittura’s innovative solutions to Interwoven’s comprehensive industry improve their operational efficiency and experience and technological leadership are effectiveness, including: the driving forces behind the breakthrough Scrittura Solution Suite. These customers n AIG International Inc. have come to rely on Interwoven to power sophisticated, intuitive solutions that n Banco Bilbao Vizcaya Argentaria increase transaction capacity, inject process n clarity, minimize operational risks, reduce costs, and ensure regulatory compliance. To n Bank One learn how Interwoven’s Scrittura Solution n Bear Stearns Suite can transform your business, visit www.interwoven.com/scrittura.

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