1. Integrated Collateral Management Thailand Securities Depository ACG Cross Training 11 th

2. Agenda Current Architecture Conceptual Framework Benefit Obstacles

3. Current Architecture Market Structure Cash Market Derivatives Market Exchan ge Clearin g House CSD

4. Current Architecture Account Structure TSD/TCH Derivatives Market SBL/REPO Market Cash Market House Client House Client House

5. Current Architecture Derivatives Market Cash Market Excess Collateral are manually moved by the member Member Excess Collate ral

6. Derivatives Market Cash Market Excess Collateral will be automatically moved to deficit account by Clearing House Conceptual Framework Clearing House Excess Collate ral

7. Conceptual Framework Collateral Management Derivativ es Market Equity Market Fixed Income Market SBL/Rep o Market

8. Conceptual Framework Member Cash SettlementSBL/Repo MarginDerivatives Margin Ass et Collateral Pool Asset Class - Cash - Equity - Government Bond Clearing House

9. Conceptual Framework Omnibus Client A/C Market A Omnibus Client A/C House A/C Market B House A/C Excess Collateral can be moved from House A/C to Client A/C but not vice versa

10. Conceptual Framework Collateral Cash Others Cash Others House A/C Client A/C Clearing & Settlement Cash Securities House A/C Client A/C Securities Excess Collateral can be used in –Collateral Process –Clearing & Settlement Process for Cash Market –Margining Process for Derivatives Market Collateral Pool

11. Benefit Enhance Efficiency Reduce back-office work Reduce Cost Reduce Risk

12. Obstacles Regulation Rules