1. © 2004-2006, Levada Consulting Inc. P E G Breaking the Boundaries of Trade Order Processing Levada Consulting

2. © 2004-2006, Levada Consulting Inc. P E G – Levada Financial Software What is P E G ? P E G it P E G Technology P E G Integration Contact

3. © 2004-2006, Levada Consulting Inc. P E G is … a flexible Gateway for Trades, Orders and Positions between the Charles River Front-Office System (CRD) and the Back Office system (Clearing and Settlement) for Financial Institutions and ASP’s who are planning to implement CRD, are in the implementation process or are already using CRD a bi-directional Gateway that overcomes the boundaries of standard CRD Interfaces through XML Rules on a Portfolio/Account/Product Matrix transparent for both CRD and Back Office A Gateway that enables streamlining of the process flow, e.g. consolidation of Front Office systems What is P E G ?

4. © 2004-2006, Levada Consulting Inc. P E G it – combine/split rule Front Office, Middle Office, Clearing and Settlement demand a different view on the information Investment Strategies and Guidelines define different data views The Equity Group needs to see spendable cash only The Fixed Income Group needs to include SWAP Segregation Cash as part of spendable cash Just P E G it Set up cash bucket definitions by product areas through the rules Front-End

5. © 2004-2006, Levada Consulting Inc. P E G it – block and replace rules Front and Back Office systems use different security type codes Just P E G it Set up a replace rule for the security type The GL system can not process derivatives, e.g. Currency Forwards Just P E G it Set up a block rule for the security type

6. © 2004-2006, Levada Consulting Inc. P E G it – Front-End Front-End Screenshot

7. © 2004-2006, Levada Consulting Inc. P E G it - Rules XML based Rule Types Block Rule: suppress record based on Account, Security Type, Security Code Replace Rule: replace Security Type or Security Code of a record based on Account, Security Type, Security Code Split Rule: split one position record with two or more records based on Account, Security Type, Security Code Combine Rule: combine two or more positions into one position based on Account, Security Type, Security Code All rule types can be defined as individual, multi-level, global and global rule with exceptions All rule types can be defined as one-way or two-way rules

8. © 2004-2006, Levada Consulting Inc. P E G Features XML based flexible rules Ease-of-Use Low Cost of Ownership: Fast Setup and Integration, very low maintenance, standard software requirements Reliable Scalable High Throughput 12 Rules, 30,000 Positions, 100 Accounts, 5,000 Trades/Day CRD Out: 2 Minutes (incl. log and history) CRD In: 1 Minute (incl. log and history) P E G it - Features

9. © 2004-2006, Levada Consulting Inc. DatabasesSQL Server or other RDBMS Front-End.Net, Web (coming soon) Rules EngineXML based Processing ModelServer-side Processing (no impact on client) Interface FormatsCharles River (CRD), Northern Trust (other formats on request) P E G Technology

10. © 2004-2006, Levada Consulting Inc. P E G Integration: Single User

11. © 2004-2006, Levada Consulting Inc. P E G Integration: ASP View

12. © 2004-2006, Levada Consulting Inc. Contact Levada Consulting 303 South Broadway, Suite 100 Tarrytown, NY 10591 Phone: + 1. 914. 524. 8515 Fax: + 1. 914. 206. 4254 www.levadany.com Michael Holzmann mholzman@levadany.com + 1. 917. 533. 5216 Please contact us for pricing models and references Soundra Saravanan ssaravanan@levadany.com + 1. 484. 557. 1652