1. CSD9 Agenda & Announcements Korea Securities Depository (KSD) Taiwan Depository & Clearing Corporation (TDCC) Japan Securities Clearing Corporation (JSCC) Japan Securities Depository Center, Inc. (JASDEC)

2. CSD9 Agenda What conference theme? Harmonization & Globalization
When & Where
April 11-13, 2007 in Seoul, Korea
Who will host?
- Korea Securities Depository (KSD)
- Taiwan Depository & Clearing Corporation (TDCC)
- Japan Securities Clearing Corporation (JSCC)
- Japan Securities Depository Center, Inc. (JASDEC)

3. CSD9 Program Overview General Meeting - Keynote Speech
- Updates from Regional CSD Associations
- Opening Panel Discussion
- Session 1
- Session 2
- Session 3
- Session 4
- Session 5
- Top Management Meeting

4. Keynote Speech & Reports from Regional CSD Associations
“Challenges and Opportunities for CSDs: New Initiative
from the Asian Development Bank”
by Mr. Haruhiko Kuroda, Asian Development Bank
Updates from Regional CSD Associations
Reports from AMEDA, ACSDA, ACG, ECSDA and AECSD

5. Opening Panel Discussion
Topic
“The Future Advancement of CSDs through Harmonization and
Globalization”
Moderator
Mr. Donald F. Donahue, CEO, DTCC
Panelists
- Mr. Alexei E. Rybnikov, CEO, MICEX Stock Exchange
- Mr. Mohamed S. Abdel Salam, Chairman & Managing
Director, Misr for Clearing, Settlement and Depository
- Mr. Paul Symons, Director, Head of Public Affairs, Euroclear
- Mr. Stewart S. Shing, Executive Vice President, Head,
Clearing Division, Hong Kong Exchanges and Clearing Limited

6. Session 1
Topic
“Cross-border Trading: Clearing and Settlement Challenges”
Moderator
Mr. Jonathan Butterfield, Executive Vice President,
CLS Bank International
Speakers
- Mr. Allan R. Cooper, President and CEO,
The Canadian Depository for Securities Limited
- Mr. Esmond K. Y. Lee, Head, Monetary Management &
Infrastructure Department, Hong Kong Monetary Authority
- Mr. Johannes Luef, President and CEO, VP Securities Services
-Mr. Charles Savage, Senior Vice President,
Head of HSBC Securities Services, Korea, HSBC

7. Session 2 Topic “Tax Treatment and Harmonization” Moderator
Mr. Ali Kazimi, Operational Taxes Services Group, UK Financial Services,
Ernst & Young
Speakers
- Mr. Emin Catana, General Manager & CEO, TAKASBANK
- Ms. Kerstin Malmer, Head of Unit, Direct Tax Legislation,
Taxation and Customs Union Directorate-General, European Commission
- Mr. Mathias Papenfuss, Director, Custody Operations Custodian,
Clearstream Banking Frankfurt
- To be decided, JASDEC

8. Session 3 “Corporate Action Processing”
Topic
“Corporate Action Processing”
Moderator
Mr. Gilberto Mifano, CEO, Brazilian Clearing and Depository Corporation
Speakers
- Mr. Gagan Rai, Executive Director, National Securities Depository Ltd.
- Mr. Geoff de Lesseps, Senior Vice President, Automatic Data Processing
- Mr. Paolo Cittadini, General Manager, Monte Titoli
- To be decided, Samsung

9. Session 4 Topic Moderator European Central Bank Speakers
“Business Continuity Plans”
Moderator
Ms. Daniela Russo, Head of Division Securities Settlement Systems Policy,
European Central Bank
Speakers
- Mr. Dale Connock, Head of Internal Audit, STRATE Ltd.
- Mr. John Trundle, Managing Director and Chief Risk Officer, Euroclear
- Mr. Rok Sketa, Executive Vice President,
KDD - Central Securities Clearing Corporation, Inc.
- Mr. Heung-Mo Ryu, Senior Managing Director, KSD
- Ms. Peyling Hwang, Senior Vice President, TDCC

10. Session 5 Topic “Challenging New Business Opportunities for CSDs”
Moderator
To be decided, Chinese Securities Depository and Clearing Corporation
Speakers
- Mr. Jesus Benito, CEO, Iberclear
- Ms. Jill Considine, Chairman, DTCC
- Mr. Muffadal Kagalwala, Senior Manager,
Dubai International Financial Exchange
- Mr. Werner Merki, Head of Division Product, Network &
Quality Management, SIS SegaInterSettle

11. Last but not least… Top Management Meeting
What is Top Management Meeting?
SPECIAL discussion time for the Top Managements
of CSDs.
Topic
“Opportunities for Cooperation and Harmony Among and
Between CSDs: Now and in the Future”

12. And also… World Information Exchange
Before the General Meeting
Breakout Session / Table Discussion
Discussion for a few provided themes
Announcement about the discussion from table leaders
Summarizing discussions by chairpersons
Participation is open to all stakeholders