1. The Custodian Checklist How do we ready ourselves and our clients for NI 24-101? Savie Fiorini Vice President, Business Initiatives & Support CIBC Mellon

2. 2 Agenda Our current role How we prepare ourselves Our challenges

3. 3 Our Current Role Matching Agent:  Conduit between Buy and Sell side  Trade Exception notification Data Source:  STP information- timing and quality  Matching information – trade discrepancies  Trade Support – settlement and related activities

4. 4 How We Prepare Ourselves At an industry level:  Create minimum standardized trade matching reporting  Work towards industry reporting deadlines  Analyze allocation process and impact to end of day timelines

5. 5 How We Prepare Ourselves At an individual level:  Educate our clients and staff  Continued analysis of current challenges  Enhanced analysis of trade quality and timing  Work with Matching Utilities and other vendors  Analysis of after hours support  ‘Axe the Fax’

6. 6 Our Challenges Two tier client reporting System synchronization between parties Use of Matching Utilities – short and long term Enforcement of Best Practices

7. The Custodian Checklist How do we ready ourselves and our clients for NI 24-101? Savie Fiorini, CIBC Mellon Vice President, Business Initiatives & Support