Worldwide by the Numbers

OUR OUR OUR STORY CLIENTS SOLUTIONS

SOFTWARE

REAL-TIME PORTFOLIO MANAGEMENT, RISK & REGULATORY SOLUTIONS FOR INSTITUTIONAL INVESTMENT FIRMS WORLDWIDE BY THE NUMBERS

MORE THAN OVER

15products 0 covered+ 250 ready-to-go interfaces 85%of Imagine clients run or build applications with the $ RISK-MANAGED Imagine Financial Platform 5 TRILLION CLIENT ASSETS

Stress testing tools can shock up to HIGH VOLUMES SUPPORTED HUNDREDS REAL-TIME 17 RISK and P&L ANALYTICS FACTORS HUNDREDS of THOUSANDS OVER POSITIONS & ACCOUNTS 11,000,000 ACTIVE SECURITIES WITH TERMS & CONDITIONS MILLIONS VALUATIONS & RISK ANALYTICS TRADES PER DAY SOFTWARE OUR STORY / 1 WHO WE SERVE / 2 REAL-TIME RISK & COMPLIANCE / 3 MARGIN SERVICE / 4 APPLICATION SERVICES PROVIDER / 5 FINANCIAL PLATFORM / 6 DATA MANAGEMENT / 7 RISK AGGREGATION / 8 LIQUID ALTERNATIVES SOLUTION / 9 CONSULTING SERVICES / 10 WHAT CLIENTS SAY / 11 INDUSTRY RECOGNITION / 12

Imagine Software, Inc. | 22 Cortlandt St., 32nd floor | New York, NY 10007 | 1-212-317-7600 (voice) | www.ImagineSoftware.com

Imagine Software provides real-time portfolio, risk management and regulatory solutions for the world’s leading banks, broker dealers, hedge funds, pension funds, funds of funds and asset managers. Founded in 1993, Imagine delivers institutional-grade functionality and broad cross-asset instrument support for businesses of all size and complexity. Financial professionals around the globe rely on Imagine to launch tailored products, enter new markets, adjust business strategies and scale for growth. Contact us for more information at [email protected] OUR STORY Imagine Software is a leading provider of real-time portfolio, risk & regulatory management solutions for institutional investment firms worldwide.

Imagine helps financial firms of all Real-Time Financial Risk Management sizes and complexity successfully Whether your goal is to improve portfolio performance, monitor and report global limits, perform stress tests, aggregate firm-wide navigate market risk, improve risk or deliver enhanced transparency, Imagine creates the integrated portfolio performance, deliver solutions that fit your firm. Clients have access to live P&L and can manage risk from anywhere in the world – intra-day, all day. operational efficiencies and

provide regulatory transparency – World-Class Technology Platform

all from one integrated platform. Imagine delivers the sophisticated and easy-to-use technology that drives entire front-to-back office operations across portfolio and risk management, operations and compliance. Our clients use Imagine as a full-service cloud-based ASP and an enterprise installation – we support all proprietary needs.

1 / IMAGINE SOFTWARE WHO WE SERVE

BANKS BROKERAGE HEDGE FIRMS FUNDS

Imagine provides institutional-grade Broker-dealers turn to Imagine for Imagine was the first to develop a functionality and the broad cross- our ability to deliver real-time pricing, comprehensive compliance solution asset instrument coverage that exposures and risk management for for hedge funds facing increasing supports every level of the firm and the fastest-moving markets, trade- regulatory scrutiny. Working directly effortlessly scales for growth. From by-trade and tick-by-tick – and for with our clients, Imagine created trading to operations to compliance solutions that enhance trade a technology solution that simultaneously and more, Imagine is the front-to- reporting, performance and more. tracks real-time limits, performs stress back-office engine that firms rely on tests and captures risk across all for comprehensive risk management. portfolios.

FUNDS OF PENSION ASSET FUNDS FUNDS MANAGERS

For funds that may not have direct With Imagine’s advanced data and Imagine’s time-to-market in installing access to position-level data, the analytics, pension funds can monitor proper and relevant portfolio and risk Imagine Risk Aggregation Solution investment, regulatory and demographic management systems is second to (RAS) allows firms to view, compare trends – or any other selected field – none. We have managed hundreds and report risk exposures across all that impacts a plan portfolio. Imagine of integrations and built thousands underlying funds and investments. sources underlying data directly from of ready-to-go interfaces with leading administrators and prime brokers. third-party systems to facilitate the smooth transfer of data.

IMAGINE SOFTWARE / 2 REAL-TIME RISK & COMPLIANCE

The Imagine Real-Time Risk & Compliance (RRC) solution supports clearing houses, prime brokers and asset managers working in high-speed and high-volume environments.

RRC can calculate hundreds of FAST AND COMPREHENSIVE RISK ANALYSIS The Imagine RRC solution gives managers the ability to view intra- real-time risk and P&L analytics day risk across positions, identify distressed situations, on millions of trades per day on, drill down to spot problem accounts and take immediate steps to reset portfolio risk. hundreds of thousands of w Achieve rapid real-time processing and risk aggregation positions across thousands of across portfolios accounts. Keeping Risk Managers w Simultaneously track regulatory limits and investment risk to remain in compliance informed of their client’s exposures w Identify potential breaches of capital utilization and perform tick by tick and trade by trade. institutional-grade due diligence across all asset classes

THE IMAGINE REAL-TIME ADVANTAGE Imagine delivers a tangible benefit for financial firms worldwide with our ability to combine user-defined analytics and highly-customizable aggregation rules into a configurable solution. We provide risk managers with a single tool to investigate, identify and correct risk across the portfolio. “Imagine came highly recommended by a pioneer of the SIMULTANEOUSLY CONDUCT CRITICAL FUNCTIONS mainland financial services industry w Perform account triage with full drill down into suspect and, after using the system, it is clear why. positions and trades Imagine’s highly flexible and extensible risk w Set limits for user-defined analytics and multiple levels of management system is years ahead of what is aggregation w Quickly address client-driven changes across all variables offered by most local vendors. This ability to scale w Configure accounts with limit alerts and prevent further trades is an essential element for us, along with Imagine’s w Integrate Imagine’s metrics for “what-if” scenarios capacity to support risk analysis and valuations w Perform pre-trade risk compliance checks based on liquidity, encompassing the global derivatives market...” factor exposure or any user-defined need w Access Imagine’s margin engine KONG WEI CHENG VICE GENERAL MANAGER w Expand your real-time environment as needed GF SECURITIES | CHINA w Deliver timely and well-presented transparency reports

3 / IMAGINE SOFTWARE MARGIN SERVICE

The Imagine Margin Service is a complete state-of-the-art solution for both buy- and sell-side institutions, bringing automation, flexibility, and transparency unavailable in legacy implementations. Many methodologies and regimes are supported, including regulatory, exchange and easily-customized house rules.

The Imagine Margin Service is a managed solution that reduces ATTRIBUTION overhead and operational costs. It is a hosted service that Imagine’s margin attribution methodology enables drill-down to the includes all the necessary data and exchange interfaces needed to position level, showing every position’s individual contribution to the compute margin requirements using best practice workflows. The total portfolio margin, handling offsetting positions. comprehensive service delivers complete transparency and intra-day analytics with unparalleled flexibility. SCALABLE & EXTENSIBLE The margin calculators are easy to modify and create when INTRA-DAY ADVANTAGE methodologies change. Imagine’s flexible technology platform Portfolio managers can help clients avoid untimely margin calls, enables margin requirements to be integrated with risk analytics, such especially in fast-moving markets. Managers can quickly perform as stress tests, sensitivities and Value at Risk. account triage for clients with margin at risk. • Full intra-day and end-of-day margin calculation FUNCTIONALITY • Real-time monitoring of margin excess The Margin Service is a flexible solution with configurable Margin • Plug-and-play style rule updates create efficient workﬂow administration Plans that calculate any waterfall of margin methodologies and roll them back up into a total portfolio margin. The house rule engine also UNPRECEDENTED TRANSPARENCY supports customized margin rules and grids. The imagine margin Our margin reports break down every component of every margin service can model any regulatory, exchange or prime broker margin calculation. Advanced margin visualizations allow users to explore requirement. margin data more intuitively. Custom reporting supports compliance and regulatory needs.

Calculator Library Plug & play calculator library stores functions registered with the margin server

Client Portfolio Request a margin calculation

Report Aggregator Assembles a set of dashboards Optimizer Database with detailed report results Optimize how the Stores all results for portfolio should execution requests be allocated to the margin plans Margin Options Imagine Margin Server A tree document that describes Executes the margin plan all available margin options

IMAGINE SOFTWARE / 4 APPLICATION SERVICES PROVIDER

The Imagine Application Services Provider (ASP) platform is a responsive solution for firms looking to upgrade their real-time portfolio management, risk and regulatory reporting capabilities. Imagine removes the burden of maintaining the world-class technology that financial services firms need to scale for growth.

With real-time pricing, security A FULLY-SCALABLE SOLUTION — INTRA-DAY, EVERY DAY master, corporate actions The Imagine ASP solution is user friendly and provides processing, derived market data institutional-grade technology with broad asset class instrument and 24/7 connectivity, Imagine’s support. Our cloud-based solution can be accessed anywhere in the world, at any time— and delivers live P&L and the ability ASP provides rapid, risk-free to manage multiple trading strategies. deployment of software technology, data and a full suite w Achieve transparency through powerful and customizable risk reporting capabilities of services across departments w Gain operational efficiencies with a hosted, integrated and users. system that is expertly maintained, upgraded and retains the highest security standards worldwide w Make informed investment decisions and confidently manage risk

HANDS-ON DEVELOPMENT

“I’m continually impressed with Imagine is the only provider that manages the full chain of its hosted the speed at which Imagine is able to solution— from software research and development to client add coverage and capabilities, as well implementation and daily business operations. The firm’s expert as its flexibility in creating new solutions technical teams build, maintain and manage the state-of-the-art that make it easy to slice and dice data technology and have extensive experience integrating Imagine with all front- to back-end solutions. so my team can quickly see the possibilities across all of our holdings INTEGRATED DATA MANAGEMENT SERVICES and make more informed decisions.” Imagine’s data team processes thousands of instrument updates HENDERSON GLOBAL INVESTORS and corporate actions daily. From real-time ticking market prices, yield curves, volatility surfaces and correlations, to global security master and corporate actions processing, Imagine delivers all the data and services (such as end-of-day marks, archiving, rate resets, etc.) needed for proper investment management.

5 / IMAGINE SOFTWARE FINANCIAL PLATFORM

The Imagine Financial Platfrom (IFP) is a cloud-based environment that provides users with programmatic access to Imagine’s risk and portfolio management analytics and data universe through standards-based web and desktop technologies.

For complex business needs,

ED clients access Imagine’s full range ERIV D RKET MA A of custom applications and utilize DAT

TY our technology in a limitless manner RI U ER EC T C S AS DA L M U T D I T NIV A E to develop dedicated APIs and ER A E SE T N K A A T R T interfaces for proprietary A A D system functionalities. M

COMPREHENSIVE CROSS-ORGANIZATION SOLUTIONS

Clients looking to develop solutions for ever-more-complex business needs tap directly into IFP’s full range of products, services and applications that can be tailored for every client. IFP makes building financial applications fast and easy:

% w IFP provides standards-based APIs including web services, of IMAGINE’s85 clients are deploying unique JavaScript, Java and C# that deliver up-to-the-second data. custom apps that cover the full range w Imagine supports proprietary institutional systems and works of risk, portfolio management and closely with administrators worldwide. w Clients have access to Imagine’s full-spectrum support and compliance operations. consulting teams for daily and strategic developments.

IMAGINE SOFTWARE / 6 DATA MANAGEMENT

IMAGINE delivers real-time data on every listed product globally and the ability to aggregate firm-wide risk exposures, intra-day, all day.

Imagine supplies secure and reliable Imagine Data Center Imagine provides cost-effective access to the data needed for all market data to facilitate pricing, day-to-day operations so clients can make immediate and sound valuations, risk management and investment decisions – and deliver timely regulatory reports. compliance reporting. Global Security Master Accurate global security terms and conditions for listed securities and their derivatives, convertible bonds, fixed-income COMPREHENSIVE DATA MANAGEMENT instruments, credit indices and foreign exchange products.

Imagine ensures that the data required to make informed Real-Time Risk Analytics and P&L investment decisions is accurate, readily available and delivered All of Imagine’s functionality is updated in real-time as market prices directly through real-time data feeds. tick, trades are executed and your assumptions change.

From real-time ticking market prices, yield curves, volatility Operational & Strategic Efficiency surfaces and correlations, to global security masters and Imagine delivers software, data and services from a single corporate actions processing, Imagine delivers all the data and integrated platform and frees up clients’ internal resources to focus services (such as end-of-day marks, archiving, rate resets, etc.) on strategic demands. needed for investment management, as part of the comprehensive hosted ASP solution.

w Real-Time, Multi-Asset, Multi-Strategy Portfolio & Risk Management w Global Security Master w Books and Records w Real-Time Market Data w Risk Analytics (Fairs, Greeks, Stress Tests, re D a a w Historical Time Series VaR, Custom...) w ta ft w Correlations & Betas w Business Inteligence Dashboards o w Cross Asset Global Market Curves w Reporting S Volatility • FX • Interest Rates • Dividends • Credit

w Fully-Hosted Rapid Application Development w Daily P&L and Position Maintenance P Toolkit (Cloud) w Corporate Actions Processing la s w Programmatic Access to Analytics, t e w IT Security f ic Portfolios, Market Data o v w Redundancy / Disaster Recovery rm er w Plug & Play Apps Downloaded or Built with S w Software Release Management Rapid Deployment w Network and Database Administration w Unlimited Platform Access (Software, w Managed Third-Party Interfaces Browser, Mobile)

7 / IMAGINE SOFTWARE RISK AGGREGATION

The Imagine Risk Aggregation Solution (RAS) provides clients who do not have direct access to position-level data with the ability to view, compare and report risk exposures and analyses across all underlying funds and investments.

The Risk Aggregation Solution RELIABLE FUND-LEVEL DATA

(RAS) provides a comprehensive Imagine’s RAS sources the underlying funds’ position-level data snapshot of firm-wide risk. directly from administrators and prime brokers. Our data analyses and slice-and-dice capabilities enable clients to:

REVEAL YOUR TRUE RISK EXPOSURE w Calculate VaR across all underlying funds and at the total fund level using a single methodology RAS gives financial firms that invest across multiple funds and w Conduct scenario and what-if analyses to assess potential asset classes the ability to provide internal and external changes in risk levels stakeholders with meaningful risk reporting and transparency. w Provide consistent sets of risk exposures and risk scenarios

By independently sourcing, verifying, aggregating and normalizing the fund-level data that investors typically cannot access — IMAGINE’S RISK AGGREGATION TRACK RECORD then applying common sets of risk exposures and scenarios —

Imagine’s RAS provides a world-class framework for Imagine has more than two decades of real-time portfolio and comprehensive risk analyses. risk management experience working with financial institutions worldwide. Our innovative data visualization is coupled with our seamless loading of fund data and professional reporting capabilities to produce an easy-to-use product for manging complex financial data. w Global Security Master The Risk Aggregation Solution w Real-Time Market Data (RAS) provides a comprehensive w Historical Time Series snapshot of firm-wide risk. w Correlations & Betas w Cross Asset Global Market Curves Volatility • FX • Interest Rates • Dividends • Credit

IMAGINE SOFTWARE / 8 LIQUID ALTERNATIVES SOLUTION

Asset managers of all sizes and complexity use the Liquid Alternatives Solution to expand into new markets and meet a range of regulatory demands with our comprehensive limits and tracking tools.

Imagine delivers the ability to COMPREHENSIVE AND INTERACTIVE SOLUTION

simultaneously track real-time Imagine Software manages and processes data on every listed limits, perform stress tests and product globally and integrates it with our flexible portfolio and risk management system. The result is a highly interactive capture risk across the entire limits-monitoring tool that enables a fund, global administrator, portfolio to spot and correct custodian or investor to keep track of positions, portfolio compliance breaches. restrictions, market risk and exposures.

Whether for Form PF, OPERA, 40 Act, AIFMD and newly-emerging reporting requirements, Imagine’s technology platform can automatically track and report firm-wide, country, sector and industry limits, perform pre-trade compliance, deliver breach notifications – and update as needed for the evolving rules. When Arrowgrass was

Imagine’s Liquid Alternatives Solution puts time-sensitive spun out of the bank (Deutsche Bank), information right at the manager’s fingertips in a customized we performed our due diligence and dashboard that provides the ability to perform a range of researched other options but quickly realized essential functions: that our old friends at Imagine were still providing

the best solution to meet our needs. All these years w Drill down to see and correct real-time limits breaches later, I still trust them to look after us and help us w Create alerts for positions that are nearing limits manage our portfolios and minimize risk with their w Track trades that keep the fund in compliance w Create a watch list to capture risk across the entire portfolio system and services. w Stress the portfolio to see how market events can impact HENRY KENNER performance CEO ARROWGRASS CAPITAL PARTNERS | USA

9 / IMAGINE SOFTWARE CONSULTING SERVICES

Imagine Software’s consulting team works hand-in-hand with clients to ensure they derive the best value from our deep resources and targeted business solutions. Our global consulting team supports the full range of our clients’ business opportunities during the entire lifecycle of the relationship.

As business models evolve, CUSTOM DEVELOPMENT companies tap into Imagine’s Clients often identify the need for advanced customizations to take consulting expertise to support full advantage of the extensible Imagine Trading System. Imagine’s consulting team offers a variety of bespoke solutions to address a cross-organizational needs and full range of operational and strategic needs. ensure that every strategic development is explored to IMPLEMENTATION AND TRAINING the fullest. From onboarding through every facet of our clients’ strategic BUSINESS ANALYSIS development, Imagine is dedicated to ensuring that company visions become reality through best-practices leadership, efficient Business leaders planning for the future work with our consulting technologies and applications, product implementation, training team to identify strategic needs, and Imagine delivers best- and support at every level. practice recommendations, training and custom application development. These services address client-specific requirements —all while optimizing efficiencies across the firm.

Imagine created proprietary Client Expansion functionality and APIs that improved the processes for real-time risk analyses, added support to optimize specific strategies and automated manual tasks to mitigate errors.

Startup Developing Fund Mature Fund (T) (T+2Y) (T+5Y & Beyond) Long-Short Support Expansion & Development Worldwide Risk Management A client began using Imagine The client expanded with a global The client now uses Imagine as its cen- to support the portfolio and macro strategy and additional tralized portfolio and risk management risk management needs of offices. system for its worldwide operations. its long-short business.

IMAGINE SOFTWARE / 10 WHAT CLIENTS SAY

“For asset managers who do not have a traditional “We performed our due diligence and researched other risk management background, or even for those options but quickly realized that our old friends at Imagine that do, Imagine can help to efficiently monitor and were still providing the best solution to meet our needs. assess risks, such as breaches in real-time and All these years later, I still trust them to look after us and easily evaluate exposures, conduct stress testing, help us manage our portfolios and minimize risk with and measure VaR. These are essential their system and services.” capabilities for firms looking to build investor confidence.” HENRY KENNER CEO | ARROWGRASS CAPITAL PARTNERS | UK

CHUDE CHIDI-OFONG CHIEF OPERATING OFFICER “We are delighted with the integration of LEDBURY CAPITAL PARTNERS LLP | UK Imagine as our primary risk system and “Imagine can easily Trading Screen as our major Order “SkyBridge became the aggregate extremely complex Management System. We needed first customer to sign positions, capture risk, and manage to ensure seamless connec- up for Imagine’s new Risk tivity, derivatives, allowing us to successfully Aggregator product. Given and the Imagine and Trading that risk management is so generate the returns expected by our Screen teams successfully critical to our business, we Wealth Defender investors.” launched full STP.”

evaluated the product and DAN BOSSCHER PORTFOLIO MANAGER AT ELAINE DAVIS several alternatives CHIEF OPERATING OFFICER PERENNIAL VALUE, AUSTRALIA NINE MASTS | HONG KONG very closely. It quickly became apparent that Imagine’s aggregation offering “Imagine’s highly flexible and was the most sophisticated and extensible risk management system is flexible solution on the market.” years ahead of what is offered by most local vendors. This ability to scale is an essential element for us, along with TATIANA SEGAL CHIEF RISK OFFICER | SKYBRIDGE CAPITAL | USA Imagine’s capacity to support risk analysis and valuations encompassing the global derivatives market.”

KONG WEI CHENG VICE GENERAL MANAGER OF RISK DEPARTMENT GF SECURITIES | CHINA

11 / IMAGINE SOFTWARE INNOVATIVE 1st Cloud PMS/OMS 1st Institutional Finance Apps

Most Advanced & Flexible Risk Analytics POWERFUL Peerless Real-Time System and Solutions

Global Footprint BROAD Work with All Leading Primes, Fund Admins, Exchanges, Data Vendors, Aggregators and O/EMS

STATE OF Modern Technology Stack Advanced Agile SDLC THE ART Best-of-Breed Libraries & Utilities

Extensive & Tenured Subject Matter DISTINCT Expertise Across Finance, Operations, Software Engineering

INDUSTRY RECOGNITION Imagine is celebrating our 25th Anniversary by continuing to innovate. We are proud of our long track record for creating the most advanced risk technology, and we thank our clients for working with us to create remarkable risk management solutions, including our Real-Time Risk & Compliance (RRC) product.

IMAGINE SOFTWARE / 12 Corporate Headquarters CLEVELAND NEW YORK LONDON HONG KONG SYDNEY 600 East Granger Rd 22 Cortlandt Street 1st Floor, 30-31 Haymarket 13/F, Tesbury Centre Level 3 Suite 130 32nd Fl. London, UK 28 Queen’s Road East 61 York Street Brooklyn Heights, OH New York, NY SW1Y 4EX Hong Kong Sydney 44131 10007 Tel: 44 20 7440 0700 Tel: 852 3929 2288 NSW 2000 Tel: 1 646 827 4431 Tel: 1 212 317 7600 Tel: 61 2 9350 8800