Fall Forum 2018 September 16 – 18 Four Seasons Hotel Baltimore, MD AGENDA AT A GLANCE DRESS CODE FOR SUNDAY IS CASUAL AND MONDAY AND TUESDAY IS BUSINESS CASUAL. ALL TIMES AND SESSIONS ARE TENTATIVE AND SUBJECT TO CHANGE. Sunday, September 16, 2018 Time Meeting Room Floor 2:00 – 5:00 PM Board of Directors Meeting Azure 2nd Limited to Board of Directors only. 3:45 – 4:45 PM Co-Chair Meeting Grand Ballroom B 2nd Limited to Co-Chairs only. 5:00 – 6:00 PM Board of Directors & Co-Chair Meeting Grand Ballroom B 2nd Limited to Board of Directors and Co-Chairs only. 6:00 – 7:00 PM Cocktail Reception Splash Terrace – 4th weather permitting Grand Ballroom A – 2nd alternate Monday, September 17, 2018 Time Meeting Room Floor 8:00 – 9:00 AM Breakfast & New Member/First Time Attendee Grand Ballroom B 2nd Orientation 9:00 – 11:00 AM General Session Grand Ballroom A 2nd • Update from the Chair Erica Borghi, Brown Brothers Harriman & Co. • Security Aspects for Digital Currencies: ISO Standards Edward Scheidt, ANSI X9 Financial Standards Today, many use digital platforms for payments and transactions. Standards offer an international compromise and acceptance. As the International Standards Organization (ISO) advance digital use cases with currencies, security becomes the differentiation among the world bodies. Security technologies, policies, and innovations are needed to ensure Trust. • Modernizing the U.S. Equity Post-Trade Infrastructure & Settlement Optimization John Abel, DTCC John Abel, Executive Director DTCC Settlement Services, will discuss how DTCC is exploring several ways to further shorten the trade settlement cycle beyond T+2 and introduce new operational and capital efficiencies to the NSCC and DTC transactional workflows. Settlement Optimization is a processing enhancement aimed at reducing settlement exposure, without eliminating a calendar day from the standard trade settlement process and while still preserving the resiliency of the current infrastructure. Night Cycle Reengineering, the first component of Settlement Optimization, is targeted for implementation in 3Q 2019 - pending regulatory approvals. • SWIFT Update – ISO 20022 Migration Study: What’s Next? Charles-Raymond Boniver, SWIFT SWIFT made their six weeks industry consultation with regards to the ISO 20022 migration study. SWIFT will give us a preview of some of the key trend and explain what the next steps are moving forward. 11:00 – 11:15 AM Networking Break Cobalt Foyer 2nd Fall Forum 2018 September 16 – 18 Four Seasons Hotel Baltimore, MD 11:15 AM – 12:45 PM Session I • Corporate Actions I Cobalt I 2nd • Derivatives Cobalt II 2nd 12:45 – 1:45 PM Lunch Grand Ballroom B 2nd 1:45 – 3:15 PM Session II • Investment Manager Cobalt I 2nd • Custodian Cobalt II 2nd 3:15 – 3:30 PM Networking Break Cobalt Foyer 2nd 3:30 – 5:00 PM Session III • Regulatory and Reference Data & Standards Cobalt I 2nd 5:00 – 5:15 PM Break On Your Own 5:15 – 6:15 PM Cocktail Reception Grand Ballroom Foyer 2nd 6:15 PM Dinner Grand Ballroom B 2nd Tuesday, September 18, 2018 Time Meeting Room Floor 8:00 – 9:00 AM Breakfast Grand Ballroom B 2nd 9:00 – 10:30 AM General Session Grand Ballroom A 2nd • Washington Politics and Financial Services Infrastructure: Making Data Standards Sexy Hudson Hollister, Data Coalition Washington policymakers are embroiled in political battles over financial regulation, fiscal policy, and a divisive Presidential administration. In this landscape, the financial industry's prosaic need for better leadership on data infrastructure--especially clear data standards set by financial regulatory agencies-- often escapes politician's notice. But the future is not hopeless for those who seek progress on data standardization across financial regulatory reporting. Skillful advocacy can provide ways to convince policymakers that data standards are worth fighting for--and sometimes even a "sexy" political issue. • The Future of Reference Data Genevy Dimitrion, State Street Corporation Steve Goldstein, Thomson Reuters Scott Preiss, CUSIP Global Services John Bottega, EDM Council 10:30 – 10:45 AM Networking Break Cobalt Foyer 2nd 10:45 AM – 12:15 PM Session IV • Corporate Actions II Cobalt I 2nd • Settlements Cobalt II 2nd 12:15 – 1:15 PM Lunch Grand Ballroom B 2nd 1:15 – 2:15 PM Session V • Margin & Collateral Cobalt I 2nd • Securities Lending Cobalt II 2nd 2:15 – 3:15 PM Session VI • Marketing Cobalt I 2nd • Vendor/Utility Cobalt II 2nd 2018 BOARD OF DIRECTORS Chair Mr. Jason Brasile Ms. Kristin Hochstein Mr. Richard Robinson Ms. Erica Borghi Settlements Exec Sponsor Reference Data & Standards Bloomberg, LLC Brown Brothers Harriman & Co. Margin & Collateral Exec Exec Sponsor 100 Business Park Drive 50 Post Office Square Sponsor Regulatory Exec Sponsor Skillman, NJ 08558 Boston, MA 02109 Reconciliation & Reporting Thomson Reuters (609) 279-3467 (617) 772-1437 Exec Sponsor 8055 East Tufts Avenue State Street Corporation Denver, CO 80237 225 Liberty Street (646) 734-2215 New York, NY 10281 (917) 790-4199 Vice Chair Mr. Michael Burg Mr. Cihan Kasikara Ms. Krista R. Scharfenberger Ms. Lisa Iagatta Derivatives Exec Sponsor Franklin Templeton Reference Data & Standards Reconciliation & Reporting State Street Corporation Investments Exec Sponsor Exec Sponsor 4991 Parkvue Drive 101 John F Kennedy Parkway Custodian Exec Sponsor Fiserv Pittsburgh, PA 15236 Short Hills, NJ 07078 Settlements Exec Sponsor 184 Liberty Corner (412) 298-5160 (973) 912-2070 BNY Mellon Warren, NJ 07059 135 Santilli Highway (781) 828-2355 Everett, MA 02149 (617) 382-6628 Treasurer Mr. Gary Chan Mr. Paul McSherry Mr. Bryan Vivaldo Ms. Ana Lotharius J.P. Morgan Securities, Inc. Middle Office Exec Sponsor Vanguard Finance Committee Chair 383 Madison Avenue Liquidnet Inc. 400 Admiral Nelson Dr. Regulatory Exec Sponsor New York, NY 10179 498 7th Avenue Malvern, PA 19355 Vendor/Utility Exec Sponsor (212) 834-8405 New York, NY 10018 (610) 669-3097 DTCC (646) 660-8058 55 Thomson Place Boston, MA 02210 (617) 880-6654 Secretary Mr. Paul Fullam Mr. Charles Mottinger Mr. Jason Ward Ms. Salome Winge Corporate Actions Exec Investment Manager Exec Investment Manager Exec Custodian Exec Sponsor Sponsor Sponsor Sponsor Securities Lending Exec Vendor/Utility Exec Sponsor State Street Global Advisors Middle Office Exec Sponsor Sponsor Fidelity Information Services, One Lincoln Street Fidelity Investments Northern Trust Company LLC (FIS) Boston, MA 02111 1 Spartan Way 801 South Canal Street 545 Washington Blvd (617) 664-3292 Merrimack, NH 03110 Chicago, IL 60607 New York, NY 07310 (603) 791-5938 (312) 630-1493 (646) 445-8356 Mr. Ted Anastasi Ms. Evelyn Galeano Mr. Louis Rosato Ms. Carissa Warner Marketing Committee Membership Committee Chair Investment Manager Exec Derivatives Exec Sponsor Exec Sponsor Middle Office Exec Sponsor Sponsor Margin & Collateral Exec Fidelity Corporate Actions Securities Lending Exec Marketing Committee Exec Sponsor Solutions Sponsor Sponsor Morgan Stanley 200 Seaport Boulevard Standard Chartered Bank BlackRock, Inc. 1585 Broadway Boston, MA 02210 1095 Avenue of Americas 100 Bellevue Parkway New York, NY 10036 (617) 563-4224 New York, NY 10036 Wilmington, DE 19809 (212) 761-0218 (646) 845-1091 (302) 797-2145 Working Group Agenda Fall Forum September 16 – 18, 2018 Four Seasons Hotel, Baltimore, MD Corporate Actions Mission Statement: The U.S. Corporate Actions Working Group mission is to examine business processes throughout the life cycle of a corporate action. Our goal is to define standards for the US market and examine variances with global market practice for the purpose of harmonizing corporate action messaging standards and move toward increasing automation and achieving greater STP throughout the industry. The Working Group recommends enhancements/modifications to the ISO corporate action message standards to ensure they meet the needs of the market. The Working Group is also the forum for discussing and recommending enhancements to business processes and collaborating with other industry groups in addressing new business processes within corporate actions. Executive Sponsor: Paul Fullam Fidelity Information Services, LLC (FIS) [email protected] (646) 445-8356 Co-Chairs: Jennifer Baker Steve Sloan BNY Mellon DTCC [email protected] [email protected] (412) 234-1382 (972) 471-5262 Steven Gale Jeff Panarelli Northern Trust Company Wellington Management Company [email protected] [email protected] (312) 444-4799 (508)486-2982 Meeting Date and Time: Monday, September 17, 2018 11:15 AM – 12:45 PM Tuesday, September 18, 2018 10:45 AM – 12:15 PM Agenda: Session 1 Session 2 1. Intro our new Co-Chair 1. SMPG Maintenance update - SR 2019 2. Executive Board Update change requests 3. Review March 2018 Conference Minutes 2. Fed Single Security initiative – How will this 4. Q3 & Q4 2018 Conference Call Schedule be processed? a. October 3rd & 17th, November 7th 3. SR 2018 updates to market practice & 28th, December 19th documents 5. Finalize TNDP market practice document 6. DTC Transformation Project Update Forum Agenda Fall Forum September 16 – 18, 2018 Four Seasons Hotel, Baltimore, MD Custodian Mission Statement: The mission of the Custodian Forum is to provide common approaches to identifying and resolving custodian bank issues, and to recommend and implement solutions with other ISITC and industry participants with the ultimate goal of achieving STP. We interact with the other constituency forums to educate institutions on the issues impacting global custodians and to achieve the most effective solutions to commonly acknowledged goals. Executive Sponsors: Krista Scharfenberger Salome Winge BNY Mellon Northern Trust Company [email protected] [email protected] (617) 382-6628 (312) 630-1493 Co-Chairs: Dannette Fleming Lisa Seibold Northern Trust Company JP Morgan [email protected] [email protected] (312) 444-2414 (718) 242-0428 Stan Marshall BNY Mellon [email protected] (617) 382-4081 Meeting Date and Time: Monday, September 17, 2018 1:45 – 3:15 PM Agenda: 1. Single Security Initiative – Barbara Pak, Freddie Mac 2. Recommendation for affirmed trade cancellation – Salome Winge, Northern Trust Company 3.