Register now! www.tsi-congress.com TSI Congress on 27 and 28 September 2018 Securitisation and Asset Based Finance in Times of Change

The finance industry is facing major changes; the Keynote Speaker und Referenten: driving forces behind them have slowly grown in the Werner Steinmüller Dr. Levin Holle past years. Banking regulation, Brexit, FinTechs, Chief Executive Officer Abteilungsleiter Finanz- digitalisation and block chain technology, green Asia Pacific and Member marktpolitik, Bundes- of the Management Board ministerium der Finanzen finance, return of the credit cycle and monetary policy of Deutsche Bank reversal – no matter where we look there are signs foreboding the possible start of a fundamental upheval Dr. Thorsten Pötzsch Reinhold Vollbracht in the banking and finance industry. These changes Exekutivdirektor Head of Strategic Office Abwicklung, Bundesanstalt „SSM Supervision“, will also affect the asset-based finance and securitisa- für Finanzdienstleistungs- Deutsche Bundesbank tion markets. aufsicht ‘Securitisation and Asset-based Finance in Times of Change’ – the main theme of the TSI Congress 2018 at Dr. h.c. Lothar Binding Stellvertretender Vorsitzen- Finanzpolitischer Sprecher the Berlin Radisson BLU Hotel on 27 and 28 September der der CSU im der SPD-Bundestags- 2018– captures the spirit of our time and sets the und Landesvorsitzender der fraktion, MdB Mittelstands-Union, MdB frame for an interesting event with highly current themes, competent presenters and panellists, good Dr. Dr. conversations and exciting discussion partners. Finanzpolitischer Sprecher, Finanzpolitischer Sprecher With over 80 sponsors, partners, media partners Bündnis 90/Die Grünen, der Fraktion der FDP und MdB ordentliches Mitglied im and supporting organisations and around 700 partici- Finanzausschuss des pants, the TSI Congress is the leading event for the Deutschen Bundestages, MdB asset-based finance markets. Helmut Meier-Tanski Aldo Romani Leiter Konzern-Treasury, Deputy Head of Division – Deutsche Leasing AG Euro Funding, European Investment Bank

TSI Congress 2018 … where the community meets! www.tsi-congress.com 02

Topic overview

Opening forum Die Kapitalmärkte zwischen Bangen und Hoffen: Zentralbankpolitik, Protektionismus, Geopolitik und die Zukunft von Euro und Europa

Einerseits läuft es gut in Europa: Die Wirtschaft wächst, nicht nur im Norden sondern auch im Süden Europas, und die Assetmärkte boomen. Doch andererseits mehren sich die Warnungen vor überwerteten Anlagen, fortbestehenden Disparitäten und einem potentiellen Abflauen der Konjunktur. Wie gut ist Europa, wie gut ist vor allem „Euroland“ dafür gewappnet? Was müsste und was kann getan werden um Europa und seine Finanzmärkte sturmfest zu machen?

Moderation Jens Schmidt-Bürgel, Country Manager, Moody‘s Deutschland

Participants Prof. Gunther Schnabl, Institute for Economic Policy, Universität Leipzig Hans W. Reich, Vorsitzender des Aufsichtsrates, Citigroup Global Markets Deutschland Werner Steinmüller, Chief Executive Officer Asia Pacific and Member of the Management Board of Deutsche Bank AG , Stellvertretender Vorsitzender der FDP-Bundestagsfraktion, FDP

Foto Michael Theurer: Reich Schmidt-Bürgel Prof. Schnabl Steinmüller Theurer © Deutscher Bundestag/Stella von Salden

Closing forum Strukturwandel als Chance: Doch wer finanziert die E-Mobilität, den digitalen Wandel und die grüne Erneuerung?

Der kommende Strukturwandel ist für Deutschlands diversifizierte, gut aufgestellte Wirt- schaft eine große Chance. Doch wie passen die Entwicklungen auf Banken- und Finanzie- rungsseite zu den kommenden Herausforderungen von Digitalisierung und E-Mobilität? Was müsste und was kann getan werden, um die Finanzierung des Umbaus sicherzustellen?

Moderation Matthias Renner, Head of Division Investment Banking, Raiffeisen Bank International

Participants Dr. Steffen Hörter, Global Head of ESG, Allianz Global Investors Dr. Levin Holle, Abteilungsleiter Finanzmarktpolitik, BMF Arne Mühlholm, Member of the Board of Management, SEB AB Frankfurt Branch Dr. Volker Treier, Stv. Hauptgeschäftsführer & Leiter International I AHK, DIHK

Dr. Hörter Dr. Holle Mühlholm Renner Dr. Treier 03

Topic overview

Wachstumsmarkt Structured Finance & Fintech

Investor Kick-off: Green paradigm shift in the capital markets - The future of green financing and green bonds Alternative finance – new opportunities and developments in structured finance In the mirror of STS and further regulation: What makes an ABS a Green ABS? Significant risk transfer – the role of synthetic securitisation in freeing up regulatory capital for credit institutions and the investor‘s point of view Brexit – Anforderungen an Verbriefungen und Structured Finance Produkte The future of European CLO after leaving the peaks of 2017 behind Debt Funds – eine interessante Option im Bereich alternativer Investments aus Sicht der Investoren Aviation – interesting asset for structured finance and securitisation Blockchain – Digitalisierung der Verbriefung und die Zukunft von Verbriefungstransaktionen Asset Backed Crypto Currency Finanzierungen – Nur ein Hype oder ein weiterer Schritt in die Zukunft? New challenges for the trustee in SF transactions: Brexit, STS and the like

Dr. Brandt Jolivet Dr. Klüwer Dr. Kronat Dr. Läger Matern Rolf Wittinghofer

Verbriefungen in Deutschland – Fundament für Wachstum der Realwirtschaft

CORPORATE SPECIAL: Was bedeuten steigende Volatilitäten und neue Unsicherheit in der Zinsentwicklung für den Corporate Treasurer? The auto ABS market – backbone of an industry in the era of alternative drive and new usage concepts Die Zukunft der Conduitprogramme unter STS Die Zukunft der Leasingfinanzierung unter der neuen Regulierung Optimierung des Working Capitals mit Supply Chain Finance Strukturierungsvarianten der Forderungsfinanzierung – Zusammenwirken von Factoring Further details online: und Verbriefung TSI Partner Die künftige Rolle von Fintechs in der Unternehmensfinanzierung 04

Aktuelle Fragen zur Finanzmarktregulierung im Spiegel der Kapitalmarktunion

Aktionsplan Kapitalmarktunion STS-Verbriefungsregelwerk für Term ABS und ABCPs – The big picture Level 2 und Level 3 Regulierungen in der STS-Verordnung für ABCP, insbesondere für Handelsforderungen, Leasingforderungen und Autofinanzierungen New Covered Bond regulation in the EU – PROs and CONs and implications for financial stability Kapitalmarktzugang für SMEs – Neupositionierung des Corporate Schuldscheins

Bestandsaufnahme Finanzmarktregulierung New transparency requirements for securitisations – What is really crucial from the investor‘s point of view? Basel IV – Strukturelle Auswirkungen auf die Mittelstandsfinanzierung Finanzmarktregulierung in Zeiten des Umbruchs Impact von IFRS 9 auf die Bilanzierung von ABS und Structured Finance

Esnault Dr. Henkelmann Dr. Kaiser Meier-Tanski Meissmer Moor Renner Ziese

Zinswende und Stabilität in Europa unter Brexit

Sovereign Bond-Backed Securities (SBBS) – Mit der Verbriefung von Staatsschulden aus der Eurokrise? Registration and Prudential provisioning backstop for NPL – Southern Europe is closer than you thought contact Brexit – The implication on European capital markets

Dr. Fahrholz Gandy Dr. Heuer Dr. Hörter Kreppel Dr. Munsch Schmidt Walf

Congress language

Please note that the Congress language is German. All panels, workshops­ and supporting ­ programme, that are held in English are marked with a Union Jack.

These events will be conducted in English.

Events marked with this symbol are suitable for both German and English-speaking participants. Congress Day 1: Thursday, 27 September 2018

Lobby and Conference area, Ground floor DomLounge area, 7th and 8th floor

Time Room: Saphir 2 Room: Saphir 1 Room: Aquamarin Room: Nikolai 2 Room: Nikolai 3 Room: Foyer Alexanderplatz

08.30–10.00 Registration

10.00–11.15 Opening Forum Die Kapitalmärkte zwischen Bangen und Hoffen: Zentralbankpolitik, Protektionismus, Geopolitik und die Zukunft von Euro und Europa

Moderation Jens Schmidt-Bürgel, Country Manager Deutschland, Moody‘s Deutschland Participants Hans W. Reich, Vorsitzender des Aufsichtsrates, Citigroup Global Markets Deutschland Prof. Gunther Schnabl, Professor für Wirtschaftspolitik und Internationale Wirtschaftsbeziehungen, Institut für Wirtschaftspolitik, Universität Leipzig Werner Steinmüller, Chief Executive Officer Asia Pacific and Member of the Management Board of Deutsche Bank AG Michael Theurer, MdB, Stellvertretender Vorsitzender der FDP-Bundestagsfraktion, FDP

11.15–11.45 Coffee Break

11.45–12.45 Parallel discussions forums Investor Kick-off Die Zukunft der Conduitprogramme Die steigende Bedeutung von Fintechs in Optimierung des Working Capitals mit Prudential provisioning backstop for Green paradigm shift in the capital unter STS der Unternehmensfinanzierung Supply Chain Finance NPL – Southern Europe is closer than markets – The future of green financing thought and green bonds Moderation Moderation Moderation Dr. Martin Kaiser, Ashurst Dr. Matthias Eggert, Dentons Andreas Lange, Mayer Brown Moderation Keynote Participants Participants Participants Dr. Dennis Heuer, White & Case Aldo Romani, Deputy Head of Eurofunding, European Investment Bank Hannes Deusch, Clifford Chance Dr. Daniel Bartsch, creditshelf Dr. Jan Faßhauer, KPMG Participants Dr. Dirk Dunker, DZ BANK Dr. Timo Bernau, GSK Stockmann Dirk Fehring, Raiffeisen Bank International Basak Aktay, European DataWarehouse Moderation Florian Hummel, BayernLB Alexander Engel, solarisBank Stefan Leipold, UniCredit Dr. Thomas Dohrn, BMF Peter René Müller, Head of Capital Markets, Reiner Ulrich, UniCredit Christian Hoppe, Silicon Valley Bank Klaus Manzel, MediaMarktSaturn Retail Group Michael Doran, Baker McKenzie Santander Consumer Bank Deutschland Saleem Malik, EY Participants Sebastian Pollmer, EOS Holding Alexander Batchvarov, Managing Director, Head of International Structured Finance Research, BoAML Nathalie Esnault, Managing Director, Crédit Agricole Wiebke Merbeth, Director, HSBC AM Dr Esther Wandel, Head of the Investment Department Unit, BMF

Supported by:

12.45–14.15 Lunch Break

14.15–15.15 Parallel discussions forums The auto ABS market – backbone of an Impact von IFRS 9 auf die Bilanzierung Die Zukunft der Leasingfinanzierung Debt Funds – eine interessante Option Asset Backed Crypto Currency industry in the era of alternative drive von ABS und Structured Finance unter der neuen Regulierung im Bereich alternativer Investments für Finanzierungen – Nur ein Hype oder and new usage concepts institutionelle Anleger ein weiterer Schritt in die Zukunft? Moderation Moderation Moderation Dirk Auerbach, EY Dr. Klaus Strenge, zeb Moderation Moderation Christian Bauer, KPMG Dr. Sven Brandt, Hogan Lovells Participants Nick Wittek, Jones Day Dr. Jörg Schwerdtfeger, PwC Participants Florian Hummel, BayernLB Participants Participants Daniel Baierlein, White & Case Jörg Klein, LBBW Dr. Sofia Harrschar, Universal Investments Radoslav Albrecht, Bitbond Tobias Daners, Santander Consumer Bank Helmut Meier-Tanski, Deutsche Leasing Dr. Michael Munsch, Creditreform Rating Tobias Auferoth, Upvest GmbH Rob Ford, TwentyFour Asset Management Thomas Zetek, PEAC Finance Markus Sprunck, BNY Mellon Frank Bierwirth, Latham & Watkins Dr. Benjamin Mohr, Creditreform Rating Kees-Jan van de Kamp, NN Investment Stefan Rolf, Volkswagen Bank Partners David Tuchenhagen, S&P Global Ratings

15.15–15.45 Coffee Break The latest programme can be 15.45–16.45 Parallel discussions forums Corporate SPECIAL Basel IV – Strukturelle Auswirkung auf Wohin geht die Term-Verbriefung unter The future of European CLO after leaving Aviation – interesting underlying for Strategischer Ausblick – Was die Mittelstandsfinanzierung STS – The big picture the peaks of 2017 behind project finance and securitisation bedeutet die Zinswende für den Corporate Treasurer Moderation Moderation Moderation Moderation Sandra Wittinghofer, Baker McKenzie Dr. Oliver Kronat, Clifford Chance Dimitris C. Papadopoulos, Natixis Dr. Konrad Schott, Freshfields Bruckhaus Moderation found on our website:Deringer Participants Participants Participants Dr. Dietmar Helms, Partner International Debt Dr. Christian Fahrholz, DIHK Eberhard Hackel, Fitch Ratings Martin Hartmann, NORD/LB Participants Capital Markets, Hogan Lovells Prof. Dr. Michael Menk, Uni Siegen Kais Khader, Volkswagen Bank Mathias Herzog, S&P Global Ratings Julius Hünnemeyer, Prime Capital Participants Dr. Thomas Ridder, DZ BANK Marco Leppin, Deutsche Bundesbank Alexander Ohl, Union Investment Matthias Korn, Caplantic Dr. Christoph Fischer, Division Head Structured Bastian Schäfer, DWS Christopher Schumann, DZ BANK Helene Spro Johansen, Scope Ratings Finance, BayernLB Martin Sharkey, Dentons Ingo Wichelhaus, Mount Street Portfolio Tobias Pfuderer, Leiter Konzernfinanzierung, Advisers Claas Roman Schmidt, Bereichsvorstand Corporate www.tsi-congress.com/agendaFinance, Commerzbank Dr. Florian Toncar, MdB, finanzpolitischer Sprecher, FDP

Supported by:

16.45–17.15 Coffee Break

17.15–18.15 Parallel discussions forums Sovereign Bond-Backed Securities Significant risk transfer – the role of Strukturierungsvarianten der New transparency requirements for Alternative investments – new (SBBS) – Mit der Verbriefung von synthetic securitisation in freeing up Forderungsfinanzierung – securitisations – What is really crucial opportunities and developments in Staatsschulden aus der Krise? regulatory capital for credit institutions Zusammenwirken von Factoring und from the market perspective? structured finance and the investor‘s point of view Verbriefung Keynote Moderation Moderation Torsten Arnswald, BMF Keynote Moderation Merryn Craske, Mayer Brown Guillaume Jolivet, Scope Ratings Moderation Christian Moor, European Banking Authority Sascha Chevalier, LBBW Participants Participants Stefan Ziese, Commerzbank Moderation Participants Ian Bell, PCS Julien Bacus, Dentons Armin Krapf, Moody‘s Daniela Francovicchio, European Investment Participants Gordon Kerr, DBRS Ratings Stefan Gaida, Raiffeisen Bank International Daniel Hegyi, Commerzbank Prof. Dr. Andreas Pfingsten, Uni Münster Fund Dr. Peter Grasmann, EU-Kommission Participants Dr. Matthias Knecht, Billie Dr. Christian Thun, European DataWarehouse Alexander Garrod, DBRS Ratings Thorsten Klotz, Moody‘s Deutschland Steve Gandy, Santander Global Markets Dr. Jens Rinze, Squire Patton Boggs Jonathan Walsh, Ashurst Stefan Timm, HSBC Ralf Raebel, DZ BANK Pierre Lussato, Bayview Asset Management Eva Sartorius, A.B.S. Global Factoring Sebastian Walf, Citigroup Dr. Gerhard Schick, Bündnis 90/Die Grünen Susanne Matern, Fitch Ratings Kerstin Schaepersmann, Clifford Chance Georgi Stoev, European Investment Fund

18.15–19.30 Networking Reception (Conference area)

19.30–20.30 Exclusive ride in the Aquadom (Hotel lobby)

from 19.30 Wine & Cheese Tasting (Foyer Alexanderplatz) Supported by:

from 20.00 Weinabend* (by invitation only! Room Rubin) „Wohin steuert Russland?“ Hosted by:

Moderation Dr. Michael Weller Special Guest Prof. Dr. Jörg Baberowski, Professor für Geschichte Osteuropas, Humboldt-Universität Berlin

21.30– 02.00 Chill-out and Get-together (in the DomLounge)

These events will be conducted in English. As on 11 September 2018 These events will be conducted in German. Our aim is to ensure that the topics discussed are as up to date as possible. Events marked with this symbol are suitable for both German and English-speaking participants. The latest programme details will be displayed at the Congress or online on our event site at * These events require separate registration. www.tsi-congress.com/agenda Congress Day 2: Friday, 28 September 2018

Lobby and Conference area, Ground floor DomLounge area, 7th and 8th floor

Time Room: Saphir 2 Room: Saphir 1 Room: Aquamarin Room: Nikolai 2 Room: Nikolai 3 Room: Foyer Alexanderplatz

08.15–09.15 Politisches Frühstück Die Zukunft Europas – aus Sicht des passionierten Politikers und Unternehmers

Moderation Dr. Martin Kaiser, Partner, Ashurst Special Guest Dr. h.c. Hans Michelbach, MdB, Stellvertretender Vorsitzender der CSU im Bundestag und Landesvorsitzender der Mittelstands-Union

Supported by:

09.30–10.30 Parallel discussions forums Level 2 und Level 3 Regulierungen in der New Covered Bond regulation in the Kapitalmarktzugang für SMEs – Investmentwege in Luxemburg – STS-Verordnung für ABCP, insbesondere EU – PROs and CONs and implications for Neupositionierung des Corporate Verbriefung oder Kreditfonds – oder für Handelsforderungen, Leasingforde- financial stability Schuldscheins (Digitalisierung, beides? rungen und Autofinanzierungen Internationalisierung Originatoren und Moderation Moderation Investorenbasis) Moderation Robert Froitzheim, Deutsche Bank Andreas Heinzmann, GSK Stockmann Dr. Philipp Völk, PwC Participants Moderation Participants Participants Niek Allon, NIBC Dr. Arne Klüwer, Dentons Markus Bannwart, Universal-Investment- Dr. Christian Malzahn, BayernLB Martina Bender, EZB Participants Gesellschaft Volker Meissmer, LBBW Jens Tolckmitt, vdp Dr. Oliver Socher, Baker McKenzie Rolf Caspers, Sanne Group Holger Sauereisen, DZ BANK Patrick Widmayer, Moody‘s Deutschland Albrecht von der Chevallerie, Helaba Frank Mausen, Allen Overy Bernhard Zahel, DWS Sebastian Zank, Scope Ratings Holger von Keutz, PwC

10.30–11.00 Coffee Break

11.00–12.00 Parallel discussions forums Finanzmarktregulierung in Zeiten des Brexit – Implikationen für Verbriefungen Blockchain – Digitalisierung der New challenges for the trustee in SF Umbruchs und Structured Finance Produkte Verbriefung und die Zukunft von transactions: Brexit, STS and the like Verbriefungstransaktionen Keynote Moderation Moderation Dr. Thorsten Pötzsch, Bafin Stephan Lutz, PwC Moderation Simon Porter, Baker McKenzie Moderation Participants Dr. Volker Läger, S&P Global Ratings Participants Dr. Stefan Henkelmann, Allen & Overy Frank Bierwirth, Latham & Watkins Participants Henri Kröner, Intertrust Martin Hartmann, NORD/LB Peter Scherer, GSK Stockmann Participants Joachim Erdle, LBBW Dr. Friedrich Jergitsch, Freshfields Bruckhaus Teresa Sipkova, BNY Mellon Lothar Binding, SPD Ulf Kreppel, Jones Day Deringer Daisuke Takekawa, HSBC Reinhold Vollbracht, Deutsche Bundesbank Bert Staufenbiel, KfW Andreas Rolker, Hessisches Ministerium der Alexander von Dobschütz, Deutsche Kreditbank Philipp von Websky, Deloitte Finanzen The latest programme can be 12.00–12.30 Coffee Break

12.30–13.30 Closing Forum Strukturwandel als Chance: Doch wer finanziert die E-Mobilität, den digitalen Wandel und die grüne Erneuerung? Moderation found on our website: Matthias Renner, Head of Division Investment Banking, Raiffeisen Bank International Participants Dr Steffen Hörter, Global Head of ESG, Allianz Global Investors Dr Levin Holle, Abteilungsleiter Finanzmarktpolitik, BMF Arne Mühlholm, Member of the Board of Management, SEB AB Frankfurt Branch Dr Volker Treier, Stv. Hauptgeschäftsführer & Leiter International I AHK, DIHK

13.30–15.50 Lunch www.tsi-congress.com/agenda

14.30–17.30 Visit to the Reichstag*

14.30–17.30 Visit to Berlin Tempelhof*

14.30–17.30 Tour UNESCO World Heritage site Museum Island*

15.00–17.00 Visit to the Pergamon Museum – Highlights*

17.00–18.30 Closing Reception (Terrace HEat, Radisson Blu)

These events will be conducted in English. As on 11 September 2018 These events will be conducted in German. Events marked with this symbol are suitable for both German and English-speaking participants. Our aim is to ensure that the topics discussed are as up to date as possible. The latest programme details will be displayed at the Congress or online on our event site at * These events require separate registration. www.tsi-congress.com/agenda 07

Speakers at the TSI Congress 2018 include

Arnswald Batchvarov Binding Ford Dr Harrschar Leppin

Torsten Arnswald, Leiter des Generalreferates Finanzpolitik Bundesministerium der Finanzen Alexander Batchvarov, Managing Director, Head of International Structured Finance Research, Bank of America Merrill Lynch Lothar Binding, MdB, Finanzpolitischer Sprecher der SPD-Bundestagsfraktion, Mitglied im Finanzausschuss Rob Ford, Portfolio Manager, Founding Partner, TwentyFour Asset Management Dr Sofia Harrschar, Leitung Product Solutions Universal-Investment-Gesellschaft mbH Marco Leppin, Leiter Notenbankfähige Sicherheiten, Deutsche Bundesbank

Pfuderer Ohl Dr Pötzsch Romani Schäfer Dr Schick

Tobias Pfuderer, Leiter Konzernfinanzierung, Claas Alexander Ohl, Head of Credit Solutions, Union Investment Privatfonds GmbH Dr Thorsten Pötzsch, Exekutivdirektor Abwicklung, Bundesanstalt für Finanzdienstleistungsaufsicht Aldo Romani, Deputy Head of Division – Euro Funding, European Investment Bank Bastian Schäfer, Direktor, Deutsche Asset Management International GmbH Dr Gerhard Schick, Finanzexperte der Grünen Bundestagsfraktion, Deutscher Bundestag

Stoev Dr Toncar van de Kamp Vollbracht Dr Wandel Zahel

Georgi Stoev, Structured Finance Manager, European Investment Fund Dr Florian Toncar, Parliamentary Director and spokesman for financial policy of the FDP parliamentary group in the German Bundestag Kees-Jan van de Kamp, Senior Portfolio Manager, NN Investment Partners Nederland Reinhold Vollbracht, Bundesbankdirektor, Leiter Stabsstelle SSM-Bankenaufsicht, Deutsche Bundesbank Dr Esther Wandel, Leiterin des Referats für Investmentwesen, Bundesministerium der Finanzen Bernhard Zahel, Director, Deutsche Asset Management Investment GmbH 08

Who will you meet at the Congress? The TSI Congress 2018 has the support of the entire securitisation and asset based finance industry as well as of politics and the business sector. It brings together specialists and management

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Meeting Roo m Aufzug / Lift this field will be taking advantage of the Congress as a platform to exchange professional views and experience. In its twelfth year, the TSI Congress 2018 has now become THE platform where experts Garderobe/ Referenten / Cloakroom Speakers and ­management representatives meet.

Overview of the As the real economy, industry and leasing companies use the German securitisation market ­marketplace at the intensively for refinancing their business, the leading associations as the Federation of ­German TSI Congress 2018 Industries (BDI), the Federal Association of German Leasing Companies (BDL), the German Association of the Automotive Industry (VDA), the Federation of German Wholesale, Foreign Trade­ and Services (BGA), the Association of German Treasurers (VDT) as well as the Association of German Chambers of Commerce and Industry (DIHK) support the TSI Congress 2018.

Impressions 2017

Congress at a glance The annual TSI Congress has now become firmly established as a key Berlin-based event in the Further details online: securitisation and asset based finance markets. With more than 80 sponsors, media partners and Congress structure supporting organisations together with up to 700 delegates, broad participation by, for example, the Deutsche Bundesbank, the ECB, politics, EU representatives, investors, business associations and the press, the 2017 Congress attracted all key market players to Berlin.

Impressions 2017

Registration and contact 09

Round Tables & Business Events TSI and some sponsors provide an opportunity for expert discussions with guests from business and politics over breakfast or lunch in a pleasant setting. The limited number of participants creates a private atmosphere with plenty of opportunity for an exchange of views between delegates and ­speakers and chance for you to engage in an intensive dialogue with guests.

Investor Kick-off Politisches Frühstück Corporate SPECIAL Full details of our Round Tables & Business

Events are­ now available Impressions 2017 on our website!

Supporting programme TSI joins forces with some sponsors to provide an extensive supporting programme at the TSI Congress 2018. The success of a congress is partly due to the provision of ample networking Click here for full details of opportunities and time to discuss matters with clients in a relaxed atmosphere. TSI’s supporting our supporting programme! programme, which starts on the evening immediately preceding the congress with a reception given by KfW on 26 September 2018, provides many opportunities to meet clients or to expand personal networks over a glass of wine and light refreshments or on a sightseeing tour.

KfW Reception Visit to the Reichstag Networking Reception Visit to Berlin Tempelhof Weinabend Tour UNESCO World Heritage site Museum Island Exclusive ride in the Aquadom Visit to the Pergamon Museum – Highlights Wine & Cheese Tasting Closing Reception Chill-out and Get-together

Impressions 2017 10

Supported by: 26.09.2018 | from 19.30 KfW Reception KfW premises A separate invitation will be sent by KfW. on the Gendarmenmarkt KfW continues the tradition of inviting delegates to a reception at its Berlin branch on the evening preceding the Congress. The exclusive setting gives Congress participants an opportunity to hold informal initial discussions.

SupportedSupported by: by: 27.09.2018 | 18.15 – 19.30 Networking Reception Conference area and All welcome! No prior registration required. DomLounge The business part of Congress Day 1 will be rounded off with a small Networking Reception hosted by TSI. You will be able to discuss the day‘s topics in greater depth or establish contact with others over a glass of wine or beer and a selection of appetisers.

Supported by: 27.09.2018 | 19.30 – 20.30 Exclusive ride in the Aquadom and Wine & Cheese Tasting Hotel lobby Aquadom All welcome! No prior registration required.

From 19.30 till 20.30 all participants have the opportunity to enjoy the beauty of the Aquadom from inside on a trip to the DomLounge. Experience the wonder of travelling through 1 million litres of water with glimpses of a Supported by: beautiful underwater world and join from there a special „Wine & Cheese Tasting“ in the Foyer Alexanderplatz starting at 19.30 as well. All welcome! No prior registration required.

Click here for full details of our supporting programme! 11

27.09.2018 | 20.00 – 22.00 Weinabend Supported by: Conference area, Wohin steuert Russland? room rubin By invitation only

Russland und Putin – nur wenige Themen haben die westliche Welt in den letzten Jahren derart bewegt. Von der Annexion der Krim über die

Syrien-Intervention, die amerikani- Dr Weller Prof Baberowski schen Wahlen bis hin zu den Schlagzeilen aus UK. Die westliche Welt ist tief enttäuscht, doch ihr fehlt letztendlich auch die Strategie. Man bedauert, dass Russland anders ist und schwankt stetig, wie man damit umgehen soll. Von Wandel durch Handel bis hin zu Boykott und radikaler Abgrenzung reichen die Handlungsoptionen. Doch um ein Land zu verste- hen, muss man einen Blick in seine Geschichte und deren interne Bewältigung werfen. „Russland – Woher kommt es? Wohin steuert es?“ lautet daher der Titel des diesjährigen Weinabends und wir freuen uns mit Prof. Dr. Jörg Baberowski einen Vortragsgast gewon- nen zu haben, der zu diesem Thema so profund, umfassend und überzeugend sprechen kann wie kaum ein anderer. Der angesehene Historiker gilt als einer der besten weltweiten Experten zum Thema Stalinismus und Entwicklung der Sowjetunion sowie der neueren Geschichte Osteuropas.

Supported by: 27.09.2018 | from 21.30 Chill-out and Get-together DomLounge, All welcome! No prior registration required. Foyer Berliner Dom From 21.30 Congress participants can bring the first day of the Congress to a close in an informal „Chill-out and Get-together“ with a cocktail bar. The hotel‘s glass-panelled DomLounge with a view over Berlin‘s fascinating skyline is the ideal location.

Click here for full details of our supporting programme! 12

28.09.2018 | 14.30 – 17.30 Visit to the Reichstag Hotel lobby Registration following separate invitation. Limited number of participants!

The Reichstag building is just a few steps from the Brandenburg Gate and is a must for every visitor to Berlin. The Reichstag has been the seat of the German Bundestag (lower house of parliament) since 1999. Almost no other building in Germany is as fully representative of the vicissitudes of German history Der Reichstag since the 19th century. The „Evergreen“ in the TSI sightseeing programme.

28.09.2018 | 14.30 – 17.30 Visit to Berlin Tempelhof Hotel lobby Registration following separate invitation. Limited number of participants!

The heritage-protected building of Airport Tempelhof reflects Berlin’s eventful history. It is an expression of Nazi ideology and served as a weapons production site using forced labour in World War II. But Tempelhof is also a symbol of freedom, as the 1948/49 Quelle: Tempelhof Projekt GmbH Berlin airlift made the airport world-famous and a legend. www.thf-berlin.de

28.09.2018 | 14.30 – 17.30 Tour UNESCO world Heritage site Museum Island Hotel lobby Registration following separate invitation. Limited number of participants!

Tour of Berlin’s Museum Island with its unique complex of buildings, visit to the Altes Museum, the Neues Museum and the Pergamum Museum. Highlights of the tour: gods of antiquity in the Schinkel Rotunde, bust of Nefertiti, monumental © Staatliche Museen zu Berlin architecture from Babylon. Bernd Weingard

28.09.2018 | 15.00 – 17.00 Visit to the Pergamon Museum – Highlights Hotel lobby Registration following separate invitation. Limited number of participants!

The tour traces the footsteps of 2,500 years of human history, along the Processional Way of ancient Babylon to the Market Gate of Miletus to the early Islamic Mshatta Façade, ending in the 17th century Aleppo Room. The symbols, forms and © Staatliche Museen zu Berlin colours of these architectures are still impressive. Pergamonmuseum, Achim Kleuker

28.09.2018 | 17.00 – 18.30 Closing Reception Terrace HEat All welcome! No prior registration required.

The two days of the Congress will be brought to a close with a reception on the terrace of the Radisson Blu Hotel with a small flying buffet and a glass of wine or a cool beer and an opportunity to talk to investors, issuers and originators. Our partners and sponsors As on 26 July 2018

Sponsors

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Portfolio Advisers

Media partners

In addition, the Congress is supported by Registration YES, I would like to take part in the TSI Congress 2018 on 27 and 28 TSI Congress 2018 September 2018 at Berlin. Securitisation and Asset Based Finance in Times of Change Standard participation fee p. p. EUR 2,290*

Date 25 % reduced participation fee p. p. EUR 1,720* If four or more participants from one company register at the same time, they 27 and 28 September 2018 will be given a 25% discount on the standard paticipation fee. Please use a separate registration form for each participant, making copies of the form as Organised by needed. True Sale International GmbH (TSI) Non-Financial Corporate participation fee p. p. EUR 790* Mainzer Landstrasse 61, 60329 Frankfurt am Main

Venue * Plus 19% VAT Radisson Blu Hotel, Berlin Participant’s address/Billing address Karl-Liebknecht-Strasse 3, 10178 Berlin, Germany Dr/Mr/Ms/First name/Surname

Please send the completed registration form by fax or Company download the form and send the completed PDF file by email.

Once your registration has been received, you will receive a letter Position of ­confirmation and an invoice. The registration is subject to our

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Conditions of participation The regular participation fee for the two-day Congress including lunch, snacks, soft drinks and Congress documents is EUR 2,290 plus VAT. Participation­ in all I would like to pay the participation fee by bank transfer. Round Tables & Business Events as well as the supporting programme is also I would like to pay the participation fee by credit card: included but separate registration is required for certain events (indicated in the programme). A ­replacement ­delegate may, of course, be sent. Visa MasterCard Credit card number Data protection

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