FIA Tech Electronic Give-Up Automated Invoicing System (eGAINS
Contents
1. D Clearing 5 9 User GAINS20 04 04 2008 Corporation x Logout PartiipantD CCORP Role 9 Executing Carry Agreement Adjustment Review Action Admin Agreement Rate List Search Criteria Customer Name Agreement Ref Date From mmiddiyyyy Date To mm dd yyyy Bill To Participant Customer Ref C aw Search Result Action Bill To Participant Agreement Ref Effective Date Agreement Date Agreement Customer Status 04 04 2008 04 04 2008 Bill Carry Participant ABCC ABC COMMODITIES LIMITED Rates per page 10 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva 3 5 3 Party Relationships EGUS allows participants to list the Executing Broker Clearing Broker Customer and Trader in the give up agreement and eGAINS allows users to designate third party billing Working through their Execution Firm the third party or customer in order to facilitate payment to the executing firm through eGAINS must become an eGAINS participant by completing the eGAINS Processing Agreement and submitting their banking instructions to FIA Tech Within the EGUS eGAINS third party relationship the executing broker has the ability to bill the customer and receive the execution fees through the system Agreement rate trade and payment detail are only vi2. TT Copyright 2007 Markit Group Limited All rights reserved 8 internet t Markit Conne Inbox Micro Internet E Document2 r Updated FIN EJ Microsoft Pow lt 10 29 AM 80143 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH eGAINS Training Guide 1 6 eGAINS Participant Set Up The participant ID provides user access to view or update the give up trade records Participant IDs are based on exchange clearing relationships and the maximum number of IDs is contingent on the number of firm mnemonics at the exchange For instance if an institution has two clearing firm affiliates at any respective exchange s eGAINS may create two user IDs Even though eGAINS can create distinct IDs per relationship it is not necessary to create an ID per relationship since the institution may want to group all trade activity under one ID In other words parent firms may segregate eGAINS Participant IDs to the extent they receive exchange trade data for multiple firms or affiliates see below illustrations The ID and firm relationship set ups are established FIA Tech s eGAINS Participant User Set Up form the form can be found on the FIA web site http www futuresindustry org onboarding documentation asp Clearing Firm IDs amp Exchanges Company Name E GAINS Participant ID Participant Bank Accounts Clearing F
3. fre1 feeers fuere fres raves geo fep __ ai Trades per page 1 XII Copyright 2001 2008 THE CLEARING CORPORATION All rights reserv 35 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com The STA status changed to reflecting the Bill To participant s rejection 9 om The SS ia User GAINS20 05 04 2008 eanng GS MN Corporatiorr Agreement Adjustment Review j Admin Logout Participant ID TE3 Role Executing 9 Carry Review Trade Review Correction Successfully Accepted Rejected Trade Search Criteria Executing Executing Participant Carry Account ContractDate C ts RI Status 5 mmiddiyyyy Account EN Search Result Executing Ca Contract STA REJ Date id 0 L oe C strike Price mm dd yyyy EXCH Firm ID Account Firm ID Account E1181 rcm cwm S RR 1 908 c as Sc 8 1 x proso rre Jre 185 uere je pep ee pj o x posos fre uere geo eoe yy 50 o a Trades per page 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva 5 Scrolling to the right vi
4. Agreement Agreement List Add Agreement Account Rates View 1 arenen 2 2 2 femme Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 4 Click SUBMIT to add the agreement The uS d Rapp Rum pS 4 Clearing c lt User GAINS20 04 04 2008 Corporation ees Agreement Adjustment Review Logout Participant ID CCORP Role 9 Executing Carry Agreement Agreement List Edit Agreement Account Rates View J J Customer Contact ANE SMITH Customer Phone 123 456 7890 Executing Contact OHN DOE Executing Phone 987 654 3210 23 MAIN STREET UITE 2100 OPERATIONS DEPARTMENT CHICAGO ILLINOIS 60606 dm Agreement 001 added successfully Customer Address Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva 19 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com 3 4 2 Modify an Existing Agreement standalone processing To modify an existing agreement 1 Click in Agreement Agreement List and input the corresponding search field i e Agreement Ref to locate the agreement and select SEARCH The E A A a Imm Clearing lt User GAINS20 04 04 2006 Ss Corporation hoc HONO
5. Agreement Adjustment Review Action i Logout 10 CCORP Role 9 Executing Carry Agreement Agreement List Search Criteria Customer Name Ref To Participant Date From mm dd yyyy Date To mm dd yyyy Agreement Type Customer Ref G Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 2 the agreement details select the notepad under gt gt Action The gt Clearing E User GAINS20 04 04 2008 Corporation SN ses Agreement Adjustment Review j i Logout Participant ID CCORP Role 9 Executing Carry Agreement Agreement List Search Criteria Customer Name Agreement Ref To Participant Date From mm dd yyyy Date To mm dd yyyy Agreement Type Customer Ref 9 9 1 1 Add Search Result Customer Name Agreement Ref Bill To Participant Agreement Date Agreement Type Customer Ref Agreements per page 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 20 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com AMNEM 3 Modify as needed all fields may be modified except the Agreement Ref and SUBMIT The status Agreement added successfully finalizes and update s The YS
6. Primary Contact Agreement Options Agreements Require 1 Approvers C Preferred Initiator Warn other Parties when this Party prefers to initiate new Agreements lt Remove C This Party trades on Italian Exchanges Send reminder for Transitory Agreement upon execution Billing Details The details below will display on Agreement Contact List for this Party C Copy from Parent Institution Billing Contacts Mailing amp ddress Line 1 All selected Billing Contacts will display on the Agreement Contact List for this Party Copyright 2007 Markit Group Limited All rights reserved Done Tuesday April 15 2008 start OEC t Markit Connex for Inbox Microsoft Internet Explorer cy Document2 Micr EGUS Support Docs lt 5 9 51 60143 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mE EGUS Electronic Give Up Agreement System Microsoft Internet Explorer File Edit view Favorites Tools Help ay 7 a 2 Search 7 Favorites B iw E rel e 1 3 Address https fiaegus markit com egus common Main jsp v g Go Links Admin Login User David Wilson Get Connex Help Admin Help Logout Search Institutions amp Parties Search Contacts Agreement Report Billing View Error Maintain Party Details Permissions Exchang
7. eGAINS Training Guide 1 N Aes N User GAINS20 05 04 2008 Corporation RRR MES Agreement Adjustment Review j Admin Logout Participant ID Role Executing Carry Review ade Review Correction petu ELI Search Criteria Aem Executing Executing participant Carry Account TT TS OrderNumber Status mmiddiyyyy Account E TIE 3 Result P d Executing Ca Contract STA ACC Trade Date y B O gate pate Strike Price mmidd yyyy EXCH Firm ID Account EXCH Firm ID Account 5 mmiyy RC ER E I D E Rem 1 x ftesrs uere nee je 8 ee of 5 a Trades per page 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 3 Check the reject box to reject the trade and select SUBMIT Clearing amp User GAINS20 05 04 2008 Corporation s Agreement Adjustment Review Action Admin Logout Trade Date Executing 282 Contract Date C mm ddiyyyy Account Executing Par cipant imm Order Number Status Search Result Executing Contract STA REJ Date B O gpate Firm ID iste Q E BID oe x
8. MATBA MATBA Firm Code BURSA MALAYSIA DERIVATIVES BERHAD MDEX MDEX MEFF MEFF MERCADO MEXICANO DE DERIVADOS MEXDER MINNEAPOLIS GRAIN EXCHANGE MGE CHICAGO MERCANTILE EXCHANGE CLEARING 360 CME 360 DER a Ir Copyright 2007 Markit Group Limited All rights reserved B internet t Markit Conne Inbox Micro Internet E Document2 Updated FIN EJ Microsoft Pow lt 6 10 28 70143 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH mE EGUS Electronic Give Up Agreement System Microsoft Internet Explorer File Edit view Favorites Tools Help ay M a A J gt search 7 Favorites B iw z rel e 1 3 Address https fiaegus markit com egus common Main jsp v g Go Links Login User David Wilson Get Connex Help Admin Help Logout Search Institutions amp Parties Search Contacts Agreement Report Billing View Error Admin Maintain Party Details Permissions Exchange Firm Codes Party EGUS System Monitor 5 rc Select Exchange Firm Code EURONEXT LIFFE LIFFE Unin a n n a n n nin
9. d VA c mnno ED Clearing y aw SS User 520 04 04 2008 Corporation TEN ws Agreement Adjustment Review i Logout Participant ID CCORP v Role Executing Agreement Agreement List Edit Agreement Account Rates View ABC COMMODITIES LIMITED Customer Ref Sue 23 MAIN STREET UITE 2100 PERATIONS DEPARTMENT e Agreement Type CC 123 456 7890 987 654 3210 Bill Carry Participant Customer Phone Executing Phone Customer Address 2 5 CHICAGO ILLINOIS 60606 um Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva c Bs SS T User GAINS20 04 04 2008 earing Corporation ERA gt Agreement Adjustment Review Action Logout Participant ID CCORP Role 9 Executing Carry Agreement Agreement List Edit Agreement Account Rates i View 8 123 456 7890 OHN DOE 987 654 3210 23 MAIN STREET UITE 2100 PERATIONS DEPARTMENT CHICAGO ILLINOIS 60606 Customer Address Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva 21 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com FIATECH en 3 4 3 Search for an Agreement To search for an agreement e Click in Agreement gt gt Agreement List and input the search criteria and select SEARCH
10. Agreement standalone 23 3 4 5 Rates to an Agreement standalone 25 34 6 View Agreements All Fields eeeessseeeeseseeeeeeennnnennnn nnn 27 SEa Ora ACCOUN en E 28 219 208 10211 Emm 29 3 5 3 Party Relationships 0 80 8000800000800000000000000000001100000000 30 Chapter 4 Trade PROCES SING Vica be 34 4558 54445823 5584 55445558 31 7 8 31 4 1 1 ee 32 42 Trade Reversal Eurex 32 4 3 Trade Reversal 33 4 4 Trade Reversal 33 A A T 33 4 6 Correct Manually Added Trades 34 A mme 34 3 Ca FAGUS ICI T E E om 38 rie ll i e RR 39 Chabpier 5 CINE EUN S Uc PR VI E 41 6 1 Payment 41 02 Setlleme nt 41 6 3 Processing Guidelines 41 6 4 Managing Accruals and Reducing
11. Agreement Accoun Search Criteria Agreement Ref Bill To Participant j Carry Account l A men Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 2 The search results appear in the Search Result section To recall the account details gt gt Action gt gt ES ee ap D Clearing S User GAINS20 04 04 2008 Corporation Se Logout Participant ID CCORP Role 9 Executing Carry Agreement Adjustment Review Agreement Account List Search Criteria Agreement Ref Bill To Participant Executing Account Carry Account Ns 1 JT d 1 1 J Search Result Agreement Ref Bill To Participant Executing Account Carry Account Accounts per page 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva 28 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com To view and edit the agreement account or rates gt gt Action gt gt notepad image er The 5 WS us mar Clearing 25 3 i User GAINS20 04 04 2008 Agreement Adjustment Review Action Logout Participant ID CCORP Role 9 Executing Carry Agreement Accounts Add Agreement Account Rates View AgeementRets o AwreementDate mm dyny 0404
12. Blanket Rate i Asia EMEA North America South America Products amp Rates All Blanket Dir Exchange Bill Product Group Product Type Rank Trade Spread Rate Type Tiers Cli Blanket 7 Al 1 Mixed Rate Copyright 2007 Markit Group Limited rights reserved B internet Done start Bec 2 Microsoft Offic t Markit Connex for 4 Internet Explorer Uj eGAINS Training E3 Microsoft PowerPoi 59 o 12 34PM 12 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com A 3 Access the agreement gt gt My Queue page and link the e Rate to the agreement by clicking the ID and on the gt gt View Manage Agreement gt gt EDIT on the following screen EGUS Electronic Give Up Agreement System Microsoft Internet Explorer File Edit View Favorites Tools Help Back x Search jf Favorites e w rel e 2 Address https J Fiaegus qa markit com egus common Main jsp Agreements My Queue Directory Tools My Queue Login User Traini B1Processor Get Connex Help Logout My Queue Filters Collapse Executing Broker Name Executing Account ID Account ID Clearing Broker Clearing Account ID Account ID Trader Name Select Party Role Name Customer Name Sele
13. Broker visibility Enable Rate Data Feed Allow the following external systems to download EGUS rate data for this party GPS Gains Broker Visibility If your Party acts as customer and or trader you must specify the Broker you do business with If you do not approve a Broker the Broker can NOT add your party to agreements or look up your party on search screens All Brokers Approved Brokers Copyright 2007 Markit Group Limited All rights reserved Done 8 internet ss Start 0 t Markit Connex For 2 Microsoft Offic Updated FINAL 2 Microsoft Offic Internet Explorer 11 16 10 0143 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com 2 2 Electronic Rate Schedules EGUS PDF supported agreements and rates will NOT convert to eGAINS However with EGUS V2 2 users may create an electronic rate schedule and attach it to an existing fully executed agreement that currently has only a PDF rate schedule This enables the electronic rate schedule to pass to eGAINS automatically To create an electronic rate schedule 1 Access EGUS 2 Click in Tools gt gt Maintain Rate Schedule gt gt Party Name gt gt Hate Schedule Name free form text field Select Exchanges Product amp Hates and save the rate schedule into the e Rate library EGUS Electronic Give Up Agree
14. COUCH Future Rate FRT Option Rate ORT Min Fee Max Fee CUR NP cer S Submit clear View Kates Effective Date 04 04 2008 Tran Future Source Rate No Data Found E Recalculate Action Rank EXCH Min Fee Max Fee CUR Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 26 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com K eGAINS Training Guide Clearing Ro e Eo X User GAINS20 04 04 2008 Corporation Y a 1 Agreement Adjustment Logout Participant ID CCORP v Role Executing Agreement Rate List Add Agreement Account Rate Information e FRT Option Rate ORT Min Fee Max Fee CUR EXCH L 148 vj LL w Band 000 Rate Combination Added Successfully 4i View Rates Effective Date 04 24 2008 Tran Tran Future Option Rank EXCH COM FRT Rate ORT Min Fee CUR Action Type exN oof Rate Copy Rate Recalculate Al Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 3 4 6 View Agreements Fields View provides a single screen summary of agreement account and rate detail To view all fields of an agreement 1 Access the agree
15. European markets were unsuccessful because the exchanges did not want to share their data with competing clearinghouses To solve this dilemma the FIA agreed to license GAINS from The Clearing Corporation CCorp and enlist the services of an independent third party service provider Markit Group to run the system Technology Services Inc a wholly owned subsidiary of FIA is the administrator of eGAINS Participating exchanges send trade data electronically at the end of each trading day to Markit and eGAINS downloads agreement and rate information from EGUS The eGAINS application cross references the exchange trade data against EGUS agreements resulting in daily and month end trade summaries and billing reports At the end of the monthly billing cycle FIA Tech facilitates pay collects to participant accounts Highlights e eGAINS is a web based application for billing give up transactions e For standalone processing agreement and rate detail not extracted from EGUS the Executing participant is responsible for entering the give up agreement account and rate into eGAINS e The Bill To participant Carrying Third Party reviews the give up agreement account rate and trade information e eGAINS calculates the give up transaction fee by querying the executing firm executing account carrying firm and carrying account This information is used to locate the executing agreement and associated rate table e At month end the billin
16. Maintain Rate Schedule Library Upload Legacy User Profile Standard Document Library 1211 221 21 21 71125 only with Maintain Rate Schedule permission Min Max Type Rank Trade Type Spread Rate Type Tiers Client Elec Client Pit Desk Elec Desk Pit Amount Amount a Copyright 2007 Markit Group Limited All rights reserved 8 internet OE 2 Microsoft Offic t Markit Connex For Internet Explorer Gly eGAINS Training EJ Microsoft PowerPoi lt 12 34 Pm EGUS Electronic Give Up Agreement System Microsoft Internet Explorer File Edit View Favorites Tools Help x a A Search Sf Favorites 63 i e 3 Address https J Fiaegus qa markit com egus common Main jsp Agreements My Queue Directory Tools Login User Traini B1Processor Get Connex Help Logout Maintain Rate Schedule Library Upload Legacy Agreement User Profile Standard Document Library Maintain Rate Schedule 2773 Dmm 259 EJ To select a Rate Schedule to work on click View Edit button at right Party Name Brokeri Party Share edit and view with all parties at my institution only with Maintain Rate Schedule permission Rate Schedule Name Rate ROCHE Microsoft Internet Explorer vj Last Modified By 02 Jun 2008 1 B Select Exchanges Rate schedule template Rate Schedule 060208 has been added to the selected party s library
17. eGAINS Training Guide Table of Contents Sur ME C cas sateen tne ated ewan one se 4 MEG a mmt 4 142 1 00 ARE Tec 4 Aco Navigating Me DOCUMEN UU MT 5 AO EET 5 15 EGUS Participant Sel UD usce sets cus 6 1 6 eGAINS Participant Set Up 9 Chapter 2 Data Mapping EGUS to 10 2 1 Electronic Rate Transfer one time 10 22 11 Chapter 3 eGAINS Navigating the Application rennen eene 16 SE 16 3 2 Toggle between Roles Executing and Carry Participants 17 ee ee 17 3 4 Standalone Processing eGAINS direct 18 3 4 1 Enter Agreement Information standalone processing 18 3 4 2 Modify an Existing Agreement standalone 20 3 4 8 Search for an 22 3 4 4 Accounts to an
18. event shall Markit be liable for any damages including without limitation direct damages punitive or exemplary damages damages arising from loss of data cost of cover or other special incidental consequential or indirect damages of any description arising out of the use or inability to use the Markit system or website or accompanying documentation however caused and on any theory of liability This user guide may be updated or amended from time to time and at any time by Markit in its sole and absolute discretion and without notice thereof Markit is not responsible for informing any client of or providing any client with any such update or amendment Please regularly check the Markit website to obtain the current version of this manual Any download or distribution of data from the Markit website is subject to restrictions on the use thereof as set forth in the Data Services Agreement entered into between Markit and the client institution through which you were provided a username and password Access to the website is expressly conditioned upon the compliance by each user with the restrictions terms and conditions set forth in its client institution Data Service Agreement It is the responsibility of each user to be familiar with the restrictions terms and conditions contained in the Data Services Agreement 2 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com Y FIATECH
19. markit com Chapter 7 Contact Us amp Help Markit Support For questions please contact Markit Client Relations by e Live instant help via Markit Connex or e Email at support markit com e Phone North America at 1 877 7 Markit i e 1 877 762 7548 in Europe at 31 0 20 502 5286 CCorp Support 312 786 5732 FIA Tech Support 202 772 3000 43 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com
20. of the as of allocation from allocated to unallocated Since the original allocation occurred on trade date and the reversal on T 1 the exchange provides the execution and clearing entry on the eGAINS trade file on trade date The T 1 reversal and reallocation would be included on the eGAINS file with the as of trade date 4 4 Trade Reversal Liffe Since Liffe and ICE use the Trade Registration System TRS for processing trades please reference section 4 3 Trade Reversal ICE for trade reversal details 4 5 Add Trades The Trade Entry screen is used by the Executing participant to manually enter trades that did not clear or post through the exchange s give up process To add a trade 1 Click in gt gt Adjustment gt gt Trade Entry and add the trade detail Select SUBMIT The Clearing ems od Se Acton Admin Pr eemant Adjustment Rea Adjpatinent Trade Entry Trade Executing Finn ID Exchange Cade 33 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH en 4 6 Correct Manually Added Trades Recall the trade highlight the appropriate field and enter the correction Select UPDATE This prompt the system to change the trade record and trade status from blank to C 4 7 Reject Trades Trades may be rejected by the Bill To participant only due to misinformation trade rate fee or account Furthe
21. presuming each entity is an eGAINS participant will appear on the end of day eGAINS trade file If all parties agree via joint conference call the Exchange allows the clearing firm of the misallocated trade to redirect or give the trade directly to the clearer thereby bypassing the give back to the originating executor For trades yet to be yet to be taken up by the clearing firm the executing firm has the ability to cancel or delete the unclaimed transactions and re initiate the give out as desired However at the end of the day all unclaimed trades are cancelled and the position remains with the executing firm With respect to busted or deleted trades exchange procedures require counterparties to the trade to communicate misclears to the exchange within 30 minutes of execution All trades 30 minutes after execution are good trades Busted give up trades are also reversed but will remain in the eGAINS file as give out cancels To reverse the misallocated take up on 1 the clearing firm would simply initiate a give up to the originating firm executing firm The 1 give up will contain the process date 1 or current date 32 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH en and the original trade date T Upon receipt of the give up from the misallocated clearing firm the executing firm would give up the trade to the correct clearing firm The end of day eGAI
22. rate schedule momies remove Select Rate Effective Date Expiration Date Executing Account Account Description Clearing Accounts Schedule ID 96 dd MMM yyyy AccountID Description moma w Copyright 2007 Markit Group Limited rights reserved Done 8 Internet Start O 5 2 Microsoft Offic t Markit Connex for 4 Internet Explorer 5j eGAINS Training Microsoft PowerPol lt 12 14 0143 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com AME 4 The electronic rate file name appears in the Attached Rate Schedules and Executing Accounts section allowing the user to correlate the information Hide Rates suppresses Carry participant rate view e EGUS Electronic Give Up Agreement System Microsoft Internet Explorer File Edt View Favorites Tools Help Q ix 2 3er 22 25 9 3 Address amp https fiaegus qa markit com egus commonjMain jsp Agreements My Queue Directory Tools gin User Traini B1Processor Search Agreements Agreement Get Connex Help Logout Attach Rate Schedules Copy the rate schedules from an existing agreement select rate schedule templates from your library or upload as a PDF file NOTE Electronic rate processing is supported only for rate schedules created in EGUS it is not supported for attached PDF rate schedul
23. 1 2008 THE CLEARING CORPORATION All rights reserved 3 The Participant ID and Role appear l ATEcH 27 User 749 06 04 2008 GAINS Give up Automated INvoicing System ParticipantID CCORP Roe Executing Copyright amp 2001 2008 THE CLEARING CORPORATION All rights reserved 16 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com 3 2 Toggle between Roles Executing and Carry Participants To change Role Executing Firm to Carrying Firm 1 Select any function from the main menu Agreement gt gt Adjustment gt gt Review gt gt Action see eGAINS Site Map below for additional screen information All function action screens display the participants Role Executing or Carry Firm The AC D m earing a N User GAINS20 04 04 2008 Agreement Adjustment Review Action Logout Participant ID CCORP Role 9 Executing Carry Agreement Agreement List Search Criteria Customer Name Agreement Ref To Participant Date From mm dd yyyy Date To mm dd yyyy Agreement Type Customer Ref TJ dai Td Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 2 Click the appropriate participant role and select CHANGE 3 3 Site Map The following diagram maps the eGAINS screen layout The A w 2 DB C
24. 2008 Aoreement Type BicamyPariciant Account Information Bill To Participant Carry Exchange Firm Carry Account Executing Account Profit Center IE 0 ES View Accounts Bill To Participant Carry Exchange Firm Carry Account Executing Account Profit Center Reject Reason a Accounts per page 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 3 4 8 Search for a Rate To search for a rate 1 Click in gt gt Agreement gt gt Rate List input the search criteria Customer Name Agreement Ref Date From mm dd yyyy Date To mm dd yyyy Bill To Participant and or Customer Ref and select SEARCH To view the entire rate list do not specify search criteria and select SEARCH The zw D Clearing E NE 9 User GAINS20 04 04 2008 A Corporation Agreement Adjustment Logout O ParticipantID CCORP__ Role 9 Executing Carry Agreement Rate List Search Criteria Customer Name Agreement Ref Date From mmiddiyyyy Date To mm dd yyyy Bill To Participant Customer Ref I M 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva 29 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com 2 Torecall the account details gt gt Search Action gt gt The T4
25. 8 Agreement Type Bill Carry Participant Account Information Bill To Participant Carry Exchange Firm Executing Account Profit Center MA i View Accounts E Participant Carry Exchange Firm Carry Account Executing Account Profit Center Reject Reason Mm T e Accounts per page 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 24 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mE 3 4 5 Add Rates to an Agreement standalone processing To add rates to an agreement 1 Enter the agreement number and select RATES The lt SS Clearing MSS S 1 User GAINS20 04 04 2008 Corporation gt Agreement Adjustment Review Action i Logout Participant ID CCORP v Role Executing Agreement Accounts Add Agreement Account View Agreement Ref Agreement Date mm dd yyyy 04 04 2008 Agreement Type Bill Carry Participant si Account Information Bill To Participant Carry Exchange Firm Carry Account Executing Account Profit Center IN E fd dL View Accounts Bill To Participant Carry Exchange Firm Carry Account Executing Account Profit Center Reject Reason H Accounts per page 110 10 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights rese
26. NS trade file will include both legs of the as of give up The original leg was received on trade date Give ups are also possible on 2 after initiating a Eurex HITT Historical Trade Transfer 4 3 Trade Reversal ICE ICE like Liffe uses the Trade Registration System TRS for processing trades That said ICE does not have a trade reversal system for processing trades taken up in error In the event of a misallocation the firm s must notify exchange officials providing the trade details as well as requesting a trade reversal The exchange confirms the request with all counterparties and changes the trade status from allocated to unallocated Since the reversal and re allocation occurred on trade date the exchange provides only the execution and clearing entry on the eGAINS trade file The misallocated give out is not included in the end of day trade file Give outs yet to be taken up by the clearing firm must be resolved by the end of the business day All unclaimed trades at the end of the day are considered unallocated Unallocated position remains with the executing firm and the give out allocation is moved to the Kerb TRS account for the clearing firm to accept the next business day On 1 to reverse a misallocated taken up on trade date the clearing firm s must notify exchange officials of the trade details as well as request a trade reversal The exchange confirms the request with all counterparties and changes the trade status
27. NX A SNR NN NAW ANANAS Y K FIATECH eGAINS Training Guide Copyright Unpublished work 2008 FIA Technology Services Inc This work is an unpublished copyrighted work and contains confidential information Only authorized users are permitted to access this work Any unauthorized use disclosure reproduction or dissemination in full or in part in any media or by any means without the prior written permission of Markit Group Limited will subject the unauthorized party to civil and criminal penalties Trademarks Mark it Markit Markit Loans Markit RED and Markit Connex are trademarks of Markit Group Limited Other brands or product names are trademarks or registered trademarks of their respective holders and should be treated as such Data Services Agreement and Use Restrictions You are bound by the terms and conditions of the Data Services Agreement as agreed to by your employer or its affiliate In particular access to the Markit website is limited to the number of locations and to the number of users specifically set forth in such Data Services Agreement whether such use is through physical transfer of a copy electronic access through a wide area network of any description or by any other means whatsoever The Markit system and website contain trade secrets Accordingly you are expressly prohibited from i modifying translating reverse engineering or disassembli
28. To view the entire list of agreements do not specify search criteria and select SEARCH Customer Name Agreement Ref Bill To Participant drop down menu option listing participants Date From mm dd yyyy Date To mm dd yyyy Agreement Type see 3 4 1 Enter Agreement Information for option details Customer Ref Customer Ref is not a searchable file for Carry participants The h DB Clearing S NES User GAINS20 04 04 2008 XS Corporation MES 4 Agreement Adjustment Review j Logout Participant ID CCORP Role Executing Agreement Agreement List Search Criteria Customs Agreement Ref To Participant Date From mm dd yyyy Date To mm dd yyyy Agreement Type Customer Ref E EE eet Search Clear Search Result Customer Name Agreement Ref Bill To Participant Agreement Date Agreement Type Customer Ref Agreements per page 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 22 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com 3 44 Accounts an Agreement standalone processing To add accounts to an agreement 1 Recall or access the agreement and select ACCOUNT The Clearing 3 User GAINS20 04 04 2008 Corporatior D ON e Agreement Adjustme
29. US downloads Therefore to avoid losing the eGAINS changes always use EGUS for modifying agreement details 2 1 Electronic Rate Transfer one time set up EGUS agreements are auto converted to eGAINS EGUS agreement numbers pass thru or post to eGAINS Even though the data conversion is seamless the EGUS system administrator for each participating entity must direct or authorize EGUS to transfer the electronically entered rate data one time set up to eGAINS To enable EGUS to transfer the data to eGAINS 1 In EGUS Admin Maintain Party Permissions select or click on the box adjacent to ENABLE RATE DATA FEED gt gt eGAINS EGUS Electronic Give Up Agreement System Microsoft Internet Explorer Seles View Favorites Tools QJ x 12 P Search jf Favorites 4 jw rel e 3 Address 8 https Fiaegus markit com egus common Main jsp v Go Links FA Admin Login User David Wilson Get Connex Help Admin Help Logout Search Institutions amp Parties Search Contacts Agreement Report Billing View Error tishanae Fim cades rew au contacta swe Party Name EGUS System Monitor 5 User Agreement Signed Signed By Signed On 23 May 2008 FIA Vendor ID Party is a Customer and Customer must maintain Broker visibility C Party is a Trader and Trader must maintain
30. a the eGAINS screen the Bill To participant may add a comment regarding the reason for the reject gt gt Reason The S gt s Clearing 3 A User GAINS20 05 04 2008 Corporation Agreement Adjustment Review Action Admin UIN IA cee Executing Participant Carry Account p e vem ra TT Order Number M T LEE EHI es Search Result t C strike Price Order Number RI Premium Override payment Rejection Reason Participant Notional Price Payment Status a AP 4114 _ owo o Ww 7 PD do ro 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva 36 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com Mark FIATECH Add reject reason to the pop up window Select SUBMIT GAINS Microsoft Internet ExpL Rejection Reason RATE S B 75 NOT 85 PLEASE ADVISE _ 9 QU Internet 100 7 When the Executing firm searches their record by Rejected status gt gt Review gt gt Trade Review Correction the rejected trade and detailed message appears The SS o Clearing GS ac S User GAINS20 05 04 2008 Corporation Was vV a Agreement Adjustment Review j Logout Participant ID 1 Role 9 Executing Carry Review Trade Review Cor
31. arkit Group Limited All rights reserved www markit com 1 5 EGUS Participant Set Up EGUS exchange and firm codes are cross referenced against the exchange give in trade data along with participants and account numbers for locating the corresponding agreement detail Therefore EGUS participants are required to add exchange and firm codes within EGUS as a prerequisite to eGAINS data integration To add the EGUS exchange and firm codes 1 In EGUS gt gt Admin gt gt Maintain Party gt gt Exchange Firm Codes gt gt select the appropriate exchange and input the firm code or mnemonic unique identifier assigned by the respective exchange corresponding to the exchange EGUS Electronic Give Up Agreement System Microsoft Internet Explorer Ei a view Favorites Tools Help v 2 a A 2 Search Sf Favorites 63 p p v LJ rel e 2 Address https fiaegus markit com egus common Main jsp v Eg Go Links FA Login User David Wilson Get Connex Help Admin Help Logout Search Institiions amp Parties Search Contacts Agreement Report Billing View Error Details Permissions m E Party Info Documentation Contacts Parent Institution EGUS System Monitor 5 All selected Documentation Contacts will display on Agreement Contact List for this Party Party Name EGUS System Monitor 5 v Active All Contacts Documentation Contacts
32. by Traini BiProcessor Executed on Effective Date Termination Date Parties Clearing Accounts Dealer Account ID Description Clearing Broker E Trader Comments Add Comments Copyright 2007 Markit Group Limited All rights reserved 8 internet OR 3 5 2 Microsoft Offic Markit Connex for 4 Internet Explorer eGAINS Training G Microsoft PowerPoi 13 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH mE EGUS Electronic Give Up Agreement System Microsoft Internet Explorer File Edt View Favorites Tools Q A QD 6 i2 3 Address hitps ifiaequs qa marldt comfequs common Main Agreements 2117 gin User Traini BiProcessor Get Connex Help Logout Search Agreements indiate Agreement Attach Rate Schedules Copy the rate schedules from an existing agreement select rate schedule templates from your library or upload as a PDF file NOTE Electronic rate processing is supported only for rate schedules created in EGUS it is not supported for attached PDF rate schedules Copy from existing agreement DS Select from your library and attach Choose One Browse to select PDF file and attach Rate Schedule 050208 Attached Rate Schedules and Executing A Sched test ccy update C Hide Rates from all Parties excep pend Executing Accounts a
33. ct Party Role Name Agreement ID ID Agreement Type Any Where Effective Date is on or after dd MMM yyyy All In Progress Review Approval Executed Stale Terminated Termination Q Customer Q Effective Date Modified Date Date 11 22 2008 Party 3 In al 11 al Disclosed by 22 May 2008 Progress Party Acct Nbr Tr Orakari Oralara hu 77 hisu nno v Copyright 2007 Markit Group Limited All rights reserved 8 internet 6 2 Microsoft Offic Markit Connex For Internet Explorer cy eGAINs Training EJ Microsoft PowerPoi lt 12 42 PM EGUS Electronic Give Up Agreement System Microsoft Internet Explorer DBR Fie Edit View Favorites Tools Help Ax Q O 32 kons O2 a 8 Address https fiaegus qa markit com egus common Main jsp Go Links 210020 gin User Traini B1Processor Get Connex Help Logout Queue View Manage Agreement Current State In Progress ID and Dates Edit Rates Edit a z pum Agreement ID 15033215 EFPT Rates None Bill To Customer Preceding Agreement Rate Schedules and Executing Accounts Following Agreement Juriediction Schedule Effective Expiration Account ID Description Initiated on 22 May 2008 17 33 56 by Traini 1 Last Modified on 22 May 2008 17 33 56
34. ctions on behalf of various parties within an institution Contacts log in to eGAINS to review trades reports and banking activity Customer The party to whose account the positions ultimately will be given up for clearing Notwithstanding that the Customer or client may authorize another party to place orders on its behalf the Customer is always a party to the give up agreement eRate Schedule A set of rates that can be defined and saved in EGUS using the Maintain Rate Schedule Library option In EGUS users define rates using a structure of Exchange Product Type and Product and or set up blanket rate schedules for all Exchanges selected Exchanges and selected Product Types for an Exchange Executing Broker The party that executes trades on a futures exchange pursuant to orders received from the Customer Trader or another authorized agent of the Customer The positions ultimately are given up to the Customer s account maintained by the Clearing Broker Give Out The process of transferring a trade from one exchange member firm to another whereby one member performs the execution and the other member performs the clearing maintains the account on behalf of the customer Institution An entity or organization with associated parties and contacts in EGUS Party A Broker Trader or Customer organization that can be added to an EGUS Agreement Each party is associated with an institution This term is equivalent to cou
35. d to describe the nature of the adjustment SSS User MS N amp dadam futuresindustry org 06 03 2008 mI gt Agreement Adjustment Review Action i Logout Participant CCORP Role 9 Executing Carry Adjustments Cash Adjustment Add lt lt Back Cash Adjustment L diustment Date mm dd yyyy 06 03 2008 Bill To Participant Co 1 1111 E l y amount Ed Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve NOTE Once a cash adjustment is added into the system the adjustment date determines if the adjustment is a current or prior month adjustment The Review Payment Review screen allows users to search by payment month 38 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark Chapter 5 FIATECH eGAINS Training Guide Reports eGAINS provides daily month end preliminary month end final end of cycle preliminary and end of cycle final reports for each processing month The following daily and month end reports will be available GNS00001 Trade Detail Daily Report for Executing Participants GNS00002 Trade Detail Daily Report for Carry Participants GNS00003 Trade Detail End of Month Report for Executing Participants GNS00004 Trade Detail End of Month Report Carry Participants GNS00005P Trad
36. e Detail End of Cycle Report for Executing Participants Prelim GNS00005F Trade Detail End of Cycle Report for Executing Participants Final GNS00006P Trade Detail End of Cycle Report for Carry Participants Prelim GNS00006F Trade Detail End of Cycle Report for Carry Participants Final GNS00007 GNS00008 2 500009 3500010 Cash Adjustment Daily Report for Executing Participants Cash Adjustment Daily Report for Carry Participants Cash Adjustment End of Month Report for Executing Participants Cash Adjustment End of Month Report for Carry Participants GNS00011P Cash Adjustment End of Cycle Report for Executing Participants Prelim GNS00011F Cash Adjustment End of Cycle Report for Executing Participants Final GNS00012P Cash Adjustment End of Cycle Report for Carry Participants Prelim GNS00012F Cash Adjustment End of Cycle Report for Carry Participants Final GNS00013 GNS00014 Payment End of Month Report for Executing Participants Payment End of Month Report for Carry Participants GNS00015P Payment End of Cycle Report for Executing Participants Prelim GNS00015F Payment End of Cycle Report for Executing Participants Final GNS00016P Payment End of Cycle Report for Carry Participants Prelim GNS00016F Payment End of Cycle Report for Carry Participants Final GNS00017 913500018 913500019 913500020 03500021 03500022 913500023 Rate Set Daily Report for Executing Participants Rate Set Daily Repor
37. e Firm Codes Party EGUS System Monitor 5 Delete Code TT Copyright 2007 Markit Group Limited All rights reserved B internet t Markit Conne Inbox Micro Internet Cj Document2 f EGUS Suppor Microsoft t 9 52 COPENHAGEN STOCK EXCHANGE CSE ii DUBAI GOLD amp COMMODITIES EXCHANGE DGCX DUBAI MERCANTILE EXCHANGE DME EDX LONDON EXCHANGE EDX EUROPEAN ENERGY EXCHANGE EEX EUREX EUREX CERE Address A EUREX OTC EUREX OTC Ee uw EURONEXT BRUSSELS EURO BRUSSELS EURONEXT LISBON EURO LISBON EURONEXT AMSTERDAM DERIVATIVES MARKETS N V EURO NL EURONEXT PARIS SA EURO PARIS HONG KONG EXCHANGES AND CLEARING LIMITED HKEX ated INTERCONTINENTAL EXCHANGE ICE OTC Get Connex Help Admin Help Logout INTERCONTINENTAL EXCHANGE FUTURES ICE FUTURES INTERCONTINENTAL EXCHANGE FUTURES EUROPE ICE FUTURES EU Maintg NTERCONTINENTAL EXCHANGE FUTURES U S ICE FUTURES US BORSA ITALIANA ITALIAN DERIVATIVES MARKET IDEM Deta JOINT ASIAN DERIVATIVES EXCHANGE JADE KANSAS CITY BOARD OF TRADE KCBT KOREA EXCHANGE KRX Party CH CLEARNET OTC FREIGHT AGREEMENTS LCH OTC EURONEXT LIFFE LIFFE LONDON METAL EXCHANGE LIMITED LME BOURSE DE MONTREAL MONTREAL EXCHANGE M X BUENOS AIRES FUTURES MARKET
38. es Copy from existing agreement Select Agreement OR Select from your library and attach Rate Schedule 060208 _ View OR Browse to select PDF file and attach NOTE Page Orientation must be Portrait Browse maid eO V VP E C Rate Schedules and Executing Accounts UK Em DATA NEC TDI RUD ATS ide Rates from all Parties except Executing Brokers Dealers Traders or Customers Executing Accounts are not required Each Executing Account ID can be added to only one rate schedule Expiration Date Executing Account Account Description Clearing Accounts ID Add Accounts 44 dd MMM yyy AccountiD Copyright 2007 Markit Group Limited All rights reserved 8 internet 4 Internet Explorer ww eGAINS Training G fey Microsoft PowerPoi 3 o 12 40 16 2 Microsoft Offic gt Markit Connex for 15 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com ERR Chapter 3 eGAINS Navigating the Application 31 Sign On To sign on to eGAINS 1 From the Internet Explorer access the following web page hitps fiaegains markit com 2 Enter your FIA assigned User Name and Password and select SUBMIT 1 d SSY XJ Pesa 00 GAINS Give up Automated INvoicing System GAINS v1 1 Copyright amp 200
39. ewable to the executing and third party participants Systems EGUS and eGAINS may be set up to accommodate two billing options 1 Bill the customer and process the give in payment through eGAINS or 2 Bill the customer and process the payment outside of eGAINS See below for a summary of system set up parameters Contact FIA Tech for complete details 1 Bill the customer and process the payment through eGAINS Customer completes the eGAINS Processing Agreement Customer provides FIA Tech with detailed banking instructions EGUS Bill To Customer EGUS Hide Rates eGAINS Designate the agreement as a Third Party Agreement allows eGAINS to facilitate payment from customer to Executing Firm eGAINS Bill To Third Party e eGAINS Add the Third Party s carrying participant Exchange Firm code Or 2 Bill the customer and process the payment outside of eGAINS e Executing Firm completes the eGAINS Processing Agreement e EGUS Bill To Customer e EGUS Direct Bill Y 30 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark Chapter 4 4 1 Trade Review The Trade Review function allows Executing and Bill To participants to review trade details including fees to identify accounts and rates missing from an agreement and allows the Bill To participants to reject trades FIATECH Trade Processing eGAINS Training Guide To review give up transactions set the appropriate Ro
40. g cycle allows participants to review payments reject resolve discrepancies and or approve payments At the completion of the cycle eGAINS automatically generates payments to the Executing participant from the Bill To participant through the banking interface e eGAINS allows the third party or customer to view trades accept or reject transactions and payments and automatically process payments through the banking interface 1 2 Terminology It is helpful to understand the following terms when using eGAINS Agreement An electronic give up agreement that can be initiated in EGUS or uploaded in a PDF file legacy agreement and tagged for saving and easy retrieval in EGUS Banking Correspondent Commercial bank designated by FIA Tech to facilitate eGAINS payment transactions Carrying Broker firm that carries on its books positions that were executed by it or by another firm 4 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com Y FIATECH eGAINS Training Guide Clearing Broker The party that maintains a futures clearing account for the Customer and to which the positions resulting from orders executed by an Executing Broker pursuant to the Agreement ultimately are given up Contact A person who is a associated with an eGAINS institution and can be assigned as a Documentation Contact Billing Contact and an eGAINS user with permissions to perform workflow a
41. gt YS 7 Clearing a S User GAINS20 04 04 2008 Corporation ew 2 Agreement Adjustment Review B Logout Participant ID TE Role Executing Carry Review Trade Review Correction 5 B O Contract Date Bill To Participant Carry Account COM s ES ee Fd FE Ed 4 Search Result trade Date Executing Carry Firm ID Account Firm ID Account e c soseo furre Contract STA ux ung COM E Rate Date Strike Price mmiyy fe 2 v 2 lt RS Trades per page 110 v 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 4 1 1 Status Codes eGAINS recognizes the following trade status codes e A Add e Change e Error unlinked trade due to missing rate e Rejected e X Delete 4 2 Trade Reversal Eurex Eurex does not have a trade reversal system for processing trades taken up in error To reverse the misallocated take up the clearing firm simply initiates a give up to the originating firm executing firm through the Eurex give up system Upon receipt of the give up from the misallocated clearing firm the executing firm would give up the trade to the correct clearing firm Each leg of the give up process three legs total
42. irm IDs amp Exchanges Company Name E GAINS Participant ID Participant Bank Accounts FCMs and Associated Clearing Organizations ACME IN LONDON 275 Clearing Division ACME INC FRANKFURT 414 IUDOSi 2 GAINS PARTICIPANTS One to One Relationship FCMs and Associated Clearing Organizations ACME INC US ACME INC FRANFURT GAINS PARTICIPANTS Many to One Relationship 9 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH en Chapter 2 Data Mapping EGUS to eGAINS Prior to EGUS firms maintained hard copy give up agreements and rate documents With the introduction and integration of the electronic give up system EGUS firms either keypunched the existing agreement and rate information into EGUS thereby creating an electronic record attached a PDF copy of the paper documents legacy agreements or both Given the electronic integration between EGUS and eGAINS PDF documents are not supported and the information contained within the PDF document must be electronically added to the system NOTE Agreement changes may be made in eGAINS direct however the recommended approach is to make changes in EGUS and avoid changing agreement and rate information in eGAINS Since the daily download from EGUS to eGAINS overwrites the previous eGAINS file changes made in eGAINS will be deleted with subsequent EG
43. le Executing or Carry participant 1 Click in gt gt Review gt gt Trade Review and input the search criteria in the Search Criteria section Select SEARCH To review all trades do not input search criteria and select SEARCH Trade Date mm dd yyyy Executing Account Bill To Participant Carry Account Com commodity B S buy sell indicator O C open close indicator Contract Date mm yy C P call put TT trade type indicator TS transaction source code Order Number RI reversal indicator Status rejected unlinked 4 The Clearing Corporation Agreement Adjustment Review Review Trade Review Lorrection Search Criteria Bill To Participant Carry Account COM pp p Jw w Search User GAINS20 04 04 2008 L 2aout Participant ID Role Executing ContractDate C TS Order Number RI Status Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 31 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH en 2 Trade details or search result information appears in the Search Result section The STA status DEL delete and UND undo fields are auto populated and represent the disposition of the trade The dispositions change as the trades are modified See 4 1 1 Status Codes for a list of status codes The
44. learing S NES User GAINS20 04 04 2008 Corporation NAR _ Agreement Adjustment Review Action GAINS Give up Automated INvoicing System Participant ID CCORP Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 17 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH m 3 4 Standalone Processing eGAINS direct input EGUS Agreement and e Rate schedules populate eGAINS daily However eGAINS users are not required to use EGUS for maintaining agreements and rates Users may enter agreement data directly into eGAINS This section standalone processing details the steps necessary for setting up an agreement establishing accounts within the agreement and adding rates to the agreement directly into eGAINS 3 4 1 Enter Agreement Information standalone processing To add agreement information only Executing firms can add agreements 1 Click in Agreement Agreement List the Agreement List allows users to add display or search agreements by Role as well as view accounts and rates associated with an agreement and select ADD The EN N A Clearing Ye User GAINS20 04 04 2008 lt SS ae S Agreement Adjustment Review Participant ID CCORP Role 9 Carry Agreement Agreement List Search Criteria Cu
45. ly added after specific rates and therefore are ranked lower than specific rates Rates are ranked in the order submitted and users can re rank rates as needed 25 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark W v Clearing NE User GAINS20 04 04 2008 Corporation 3 Agreement Adjustment Review i Logout Participant ID CCORP Role 9 Executing Carry Agreement Rate List Add P ae ae Agreement Ref Ref o eee Agreement Type Bill Carry Participant Effective Date 04 04 2008 praep Aat U D UMM M O a S aaa a Rate Information COM Tran n View Rates 08 Effective Date 04 04 2008 Future Rate FRT Option Rate ORT Min Fee Max Fee CUR Tran Future Source Rate No Data Found Action Rank EXCH Recalculate All Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve The Ss 4 AINS20 04 04 2008 Clearing Mi User GAINS20 04 04 2008 Corporation NW Agreement Adjustment i i Logout Participant ID CCORP v Role Executing EUR Rate List Add Rates Agreement Ref Agreement Date Agreement Type Bill Carry Participant Effective Date 04 04 2008 Rate Information Tran Tran COM
46. ment System Microsoft Internet Explorer EX View Favorites Tools aw pack m z x pO search Sf Favorites 63 te jw z LJ rel e 3 Address https fiaegus qa markit com egus common Main jsp Eg Go Links FA Login User Traini B1Processor Get Connex Help Logout User Profile Standard Document Librar Maintain Rate Schedule right Party Name Broker1 Party view with all parties at my institution only with Maintain Rate Schedule permission 50208 North America South America Dir ge Bill Product Group Product Type Rank Trade Type Spread Rate Type Tiers Cl m m DU Em EN a 5 vl T Copyright 2007 Markit Group Limited All rights reserved start 6 E C W 2 Microsoft Offic Markit Connex for Internet Explorer eGAINS Training G User Guide Screen lt 1 05 11 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH PE DEK ay EGUS Electronic Give Up Agreement System Microsoft Internet Explorer File Edit View Favorites Tools Help Back x a A Search Sf Favorites 63 rel e 3 Address amp https J Fiaegus qa markit com egus common Main jsp us Agreements My Queue Directory Tools Login User Traini BiProcessor Get Connex Help Logout
47. ment and select VIEW gt T User GS 7 dadam futuresindustry org 06 04 2008 gt SN Agreement Adjustment Review cti i Logout Participant ID TE1 Role Executing Agreement View Agreement Account Rates 99999 312 796 5732 312 503 5148 227 W MONROE CHICAGO IL 60606 SUITE 1500 Customer Address Account Information Bill To Participant Carry Exchange Firm Carry Account Executing Account Profit Center Reject Reason mer 10000 99999 9400 SS Rate Information Effective Date 06 02 2008 EXCH eee Future Rate FRT Option Rate ome 9orsoRae 1000 Rate Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 2 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com 3 4 7 Search for Account To search for an account 1 Click in gt gt Agreement gt gt Account List and input the search criteria Search Criteria section Agreement Ref Bill To Participant Executing Account and or Carry Account and select SEARCH To view the entire list of accounts do not specify search criteria and select SEARCH The uM Clearing GS a User GAINS20 04 04 2008 SS Corporation 22228 Logout Agreement Adjustment Review Action Role 9 Executing Carry
48. ng any of the information services or data found on such system and website or ii creating derivative works based thereon in each case except as expressly permitted if at all by the Data Services Agreement governing your use thereof Unauthorized copying of the Markit website or this user manual constitutes copyright infringement Software piracy is theft To the extent anything in this user manual is inconsistent with or conflicts with the terms and conditions of the applicable data services agreement or the terms of use the terms and conditions of the Data Services Agreement or the Terms of Use as applicable shall control Each user upon his initial accessing of the Markit website must agree and acknowledge as a condition to his access thereto to be bound by the terms and conditions of the data services agreement through which it was provided a username and password Limited Warranty and Disclaimer Except for the express limited warranties set out in the applicable Data Services Agreement Markit makes and the user and the client it is associated with receives no warranties express implied statutory or allegedly extended in any communication with the user or the client it is associated with Markit specifically disclaims any implied warranty or merchantability or fitness for a particular purpose Markit does not warrant that the operation of the program or website or use of this publication shall be uninterrupted or error free In no
49. ng correspondent validates edits reformats and or transmits eGAINS instructions via SWIFT to the participant s designated bank s At launch and through eGAINS participants my settle give up fees in the following currencies CHF Swiss Franc DKK Danish Krone EUR Euro Currency GBP British Pound ISK Icelandic Krona JPY Japanese Yen NOK Norwegian Krone PLN Polish Zloty SEK Swedish Krona TRY Turkish Lira USD US Dollar ZAR South African Rand 6 3 Processing Guidelines Please be advised of the following processing guidelines e SWIFT payments will be facilitated through FIA Tech s banking correspondent e Participants must instruct their bank s to release funds to the banking correspondent by completing a 3rd Party Debit Authorization Form typically supplied by your bank and filed by you the account holder with your bank also known as a Direct Debit Mandate This is a one time set up authorizing the release of funds e Give up pays and collects are gross not net per participant e eGAINS recognizes London bank holidays FIA Tech will adjust debit and credit dates to the degree the payment date s coincide with a London bank holiday 41 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH en 6 4 Managing Accruals and Reducing the Credit Window Pay collect match off between the participant s internal ledger books to eGAINS is the responsibilit
50. nt Review j i Logout CCORP Role 9 Executing Carry Agreement Agreement List Edi Agreement oo m DR REN C C i 38 3 123 MAIN STREET SUITE 2100 Customer Add OPERATIONS DEPARTMENT CHICAGO ILLINOIS 60606 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva The S Clearing NW User GAINS20 04 04 2008 Corporation A c ASA Agreement Adjustment i Logout Participant ID CCORP Role 9 Executing Carry Agreement Accounts d Agreement _ Account Rates View Agreement Ref Agreement Date mm dd yyyy Agreement Type Bill Carry Participant Account Information Bill To Participant Carry Exchange Firm Carry Account Executing Account Profit Center I 0 0 LUI 1 View Accounts Action Bill To Participant Carry Exchange Firm Carry Account Executing Account Profit Center No Data Found Accounts per page Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 23 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com PER In the gt gt Account Information section input the account details and select SUBMIT e Bill To Participant drop down menu provides a list of eGAINS participants e Carry Exchange Firm drop down menu provides the Exchange and Firm codes for Bill T
51. nterparty on a Give Up Agreement Take Up The process of the clearing member accepting trades traded by an execution entity on behalf of a Customer Trader The party to whom the Customer has given authority to place orders on its behalf with Executing Brokers of the Trader s choice for give up to its account maintained by the Clearing Broker 13 Navigating the Document System screens and action steps are referenced using gt gt to offset the action For example Click in Agreement gt gt Accounts gt gt Add represents a series of actions steps within eGAINS Further specific screemprint function keys are highlighted via circle 1 4 Functions Given a completed give up agreement and rate schedule in EGUS the eGAINS system will e f permissioned in EGUS eGAINS obtains an executed give up agreement along with rate information from EGUS download from EGUS to eGAINS Receive the end of day give up transaction file from the participating exchange s Look up the execution agreement account rate and calculate the give up transaction fees Provide the participants 7 1 reports and end of month preliminary and final reports Allow participants to review trade details modify transactions resolve discrepancies and confirm or reject trade changes e Complete the billing cycle eGAINS automatically debits and credits the clearing and execution participants respectively 5 of 43 Confidential Copyright 2008 FIA and M
52. o Third Party participants only Carry Account Executing Account Profit Center profit center is an eGAINS free format pass thru field for participant use only often denoting location or office NOTE Only the executing participant can add edit delete accounts whereas the carry participant can view accept reject accounts The WAS S d cmm Clearing S a User GAINS20 04 04 2008 Corporation N Ses 2 Agreement Adjustment Review Logout Participant ID CCORP Role Executing Agreement Accounts Add Agreement Account Rates View Agreement Ref uu Fr account Information Bill To Se Carry Exchange Firm Account Center 041042008 Agreement Type Bill Carry Participant View Accounts Action Bill To Participant Carry Exchange Firm Carry Account Executing Account Profit Center Reject Reason No Data Found Accounts per page Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 3 Click SUBMIT to add the trade to the View Accounts section repeat the process to add multiple accounts Clearing MSS My lt User GAINS20 04 04 2008 Corporationr S Seo Agreement Adjustment Review Action Admin Logout Participant ID CCORP Role Agreement Accounts Add Agreement Account Rates View Agreement Ref st Agreement Date mm dd yyyy 04 04 200
53. r the Carry participant may add a rejection message to the reject record indicating the reason for the rejection If the rejected trade is not re accepted before the start of the banking cycle eGAINS will not process the payment calculation Rejections create an action notification to the Executing participant To reject all or part of a transaction recall the transaction 1 Click in gt gt Review gt gt Trade Review Correction drop down menu option within Review Change the Role from Executing to Carry if needed and select CHANGE The gt SS gym Clearing NS M User 520 05 04 2008 Corporation S Agreement Adjustment Review Action Logout Participant ID Role 0 Carry Review Trade Review Correction Search Criteria Executing Participant Carry Account com aR C TT TS OrderNumber RI Status C FL EJ Ed I Ed Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 2 Input the search criteria in the Search Criteria section and select SEARCH To review all trades do not input a search criteria and select SEARCH eGAINS displays the full trade record however due to size constraints the below screen shot shows only the partial transaction Search results appear in the Search Result window 34 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com la K
54. re not required Test AttachLegacy amp PDF V1 0 Tony s Schedule Select Rate Effective Date trial Schedule ID 44 dd MMM yyy Account ID Description Add Accounts v Copyright 2007 Markit Group Limited rights reserved 8 internet 6 2 Microsoft Offic t Markit Connex for 4 Internet Explorer eGAINS Training Microsoft PowerPoi EGUS Electronic Give Up Agreement System Microsoft Internet Explorer File Edit Favorites Tools Om O DAG Pwo germ 82a OAs _ Address https J fiaegus qa markit com egus common Main jsp Agreements 007 pope gin User 1 BiProcessor Get Connex Help Logout yeements initiate Agreement Attach Rate Schedules Copy the rate schedules from an existing agreement select rate schedule templates from your library or upload as a PDF file NOTE Electronic rate processing is supported only for rate schedules created in EGUS it is not supported for attached PDF rate schedules Copy from existing agreement Select from your library and attach view Attach OR Browse to select PDF file and attach NOTE Page Orientation must be Portrait Coe Attached Rate Schedules and Executing Accounts C Hide Rates from all Parties except Executing Brokers Dealers Traders or Customers Executing Accounts are not required Each Executing Account ID can be added to only one
55. rection Search Criteria Trade Date Executing mm dd yyyy Bill To Participant Carry Account COM 2 uS S Order Number RI C M PrTTITTE Search Clear Search Result p js ipeo Executi STA DEL UND Trade Date mmiddiyyyy EXCH Firm ID C P pe pe e lt undo Trades per page 1 Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 37 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com mark FIATECH 4 8 Cash Adjustments To add a cash adjustment 1 Click in Adjustment gt gt Cash Adjustment gt gt E SSS LUN User WES e dadam futuresindustry org 06 03 2008 N AE DEM A Agreement Adjustment Review 1 aa i Logout ParticipantID CCORP Role Executing Carry Adjustments Cash Adjustment Search Criteria Bill To EN Executing Account Carry Account Status m O P ioe Search m Copyright 2001 2008 THE CLEARING CORPORATION All rights reserve 2 Add adjustment details the Adjustment Date Bill to Participant Amount and Currency are mandatory and select SUBMIT Adjustment Date mm dd yyyy Bill to Participant Executing Account if applicable Carry Account if applicable Amount Debit or Credit Currency Description free form text field use
56. rve 2 Input the rate detail in the gt gt Rate Information section and select SUBMIT Following SUBMIT the rate information appears in the View Rates section e Effective Date The default date is the current date however the user may change the effective date as necessary Since rate tables are effective date driven users are allowed to link multiple rate tables to one agreement Exch exchange Com commodity Tran Type transaction type or trade type indicator i e spread EFP block etc open close indicator Trans Source transaction source i e APS Bclear OTC etc Rate Type o Future FRT and Option ORT The indicator designates rate per contract charge percentage 96 of notional value or flat fixed relative to fees o Band allows for a scalable fee based on volume The futures rate type flag determines the logic used in the futures fee calculation e Maximum Fee The maximum amount to be charged if the calculated fee exceeds the maximum fee e Minimum Fee The minimum amount to be charged if the calculated fee is below the minimum fee e currency When adding or changing rate tables the user will be prompted to gt gt Recalculate All Recalculate results in a recalculation of associated trades only if the effective date is prior to the current date Rank determines the rate hierarchy relative to the rate schedule Generic rates i e a flat rate for the entire exchange are typical
57. stomer Name Agreement Ref To Participant Date From mm dd yyyy Date To mm dd yyyy Agreement Type Customer Ref 411 Ed eec Copyright 2001 2008 THE CLEARING CORPORATION All rights reserva 2 new agreement input page appears allowing the user to input the following Agreement Ref auto generated Agreement Date Agreement Type drop down menu for managing the billing relationship o Carry Participant system default debits the carry participant through eGAINS o Calculate Fee Only calculates fees only does not result in banking debits credits through eGAINS o Inter agreement between firms without account specific information o to Third Party debits the third party customer Since the Bill to Third Party requires the Third Party to be an eGAINS participant please contact FIA Tech to assist in the set up and documentation process Customer Name Customer Ref user assigned identifier Customer Contact Customer Phone Executing Contact Executing Phone Customer Address 18 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com ERR 3 Enter agreement information The 1 2 C Clearing lt 1 User GAINS20 04 04 2008 Corporation y as 1 Agreement Adjustment Review Logout Participant ID CCORP Role 9 Executing Carry
58. t for Carry Participants Rate Set Differences Daily Report for Executing Participants Rate Set Differences Daily Report for Carry Participants Rate Set Differences End of Month Report for Executing Participants Rate Set Differences End of Month Report for Carry Participants Rate Set Differences End of Cycle Report for Executing Participants Prelim GNS00023F Rate Set Differences End of Cycle Report for Executing Participants Final GNS00024P Rate Set Differences End of Cycle Report for Carry Participants Prelim GNS00024F Rate Set Differences End of Cycle Report for Carry Participants Final GNS00025 Daily Audit Report GNS00029 Summary of Payment by Billing Participant for All Participants GNS00030 Summary of Payment by Billing Participant Only GNS00031 Summary of Payment by Billing Participant Rerun Production Participants Only GNS00032 Payment End of Month Report for Executing Participants Production Participants Only GNS00033 Payment End of Month Report for Carry Participants Production Participants Only GNS00034 Payment End of Cycle Report for Executing Participants Production Participants Prelim GNS00034F Payment End of Cycle Report for Executing Participants Production Participants Final GNS00035 Payment End of Cycle Report for Carry Participants Production Participants Prelim GNS00035F Payment End of Cycle Report for Carry Participants Production Participants Final 39 of 43 Confiden
59. the Credit 42 6 5 Processing Deadlines nnne nnne nnn nnn nnne nans nans 42 Chapter7 ContactUs amp Help uicina Decr iki a a 43 3 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com Y FIATECH eGAINS Training Guide Chapter 1 eGAINS Welcome to the FIA Tech Electronic Give Up Automated Inventory System eGAINS This section defines eGAINS terminology provides a systems overview outlines eGAINS functions reviews participant set ups and details steps necessary to sign on to the eGAINS system 1 1 Overview The Futures Industry Association FIA spent the last three years helping the listed derivatives industry address inefficiencies in the give up process In February 2007 FIA launched EGUS an electronic system to execute give up agreements Concurrently FIA has been working with the Futures and Options Association to put a system in place to manage give up payments between executing and clearing brokers U S exchanges and clearing organizations have developed proprietary systems to automate their billing process and manage the clearing member firms payables and receivables i e GAINS The FIA European Chapter worked for over a decade to get a similar system in place for the European markets Attempts to launch a similar system for the
60. tial Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com e GNS00036F Payment End of Cycle Report for Executing Participants Final Rerun e GNS00037F Payment End of Cycle Report for Carry Participants Final Rerun e GNS00050 Trade Detail Daily Report for Unlinked Trade 40 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www markit com Y FIATECH eGAINS Training Guide Chapter 6 Banking To complete the eGAINS monthly processing cycle FIA Tech provides pay and collect instructions to its banking correspondent The correspondent financial institution acts as an intermediary for transmitting and receiving give up fee payments Even though the banking correspondent facilitates month end payments it is not necessary to establish a bank account with the institution To ensure prompt payments however eGAINS participants must provide FIA Tech with detailed banking instructions no later than 30 days prior to the payment cycle This provides sufficient time for the correspondent to verify the banking relationship s and add the detailed instructions to their payment system in advance of payment processing 6 1 Payment System All currency settlements are facilitated through SWIFT 6 2 Settlement Currencies Direct debits drawdowns or credits are made via the eGAINS participants bank account s wherever located FIA Tech s banki
61. y of the participant eGAINS provides no position or rate reconciliation tool to facilitate an automated comparison Since the credit for executed transitions will not post to the executing firm s bank account for 60 business days eGAINS provides end of month trade position and pay collect summary reports The reports detail the debit and credit amounts FIA Tech shall publish the specific dates to which the monies shall be credited to or debited from the bank accounts see following report examples In the opening days of eGAINS funds will be held by FIA Tech for 60 business days The number of days will drop as more users are added to the system We anticipate dropping the float period to 20 days once the amount of money flowing through the system reaches projected levels 6 5 Processing Deadlines Month end processing deadlines include Business Day Activity Deadline 1st Bus Day Complete prior month accounting 7th Bus Day 8 p m EST Deadline for executing firm to correct adjust trades 15th Bus Day 8 p m EST Deadline for clearing firm to re accept or reject trades 16th Bus Day FIA Tech enters debits into banking system 17th Bus Day Clearing firms accounts are debited credit float begins Last Bus Day Deadline for firms to submit bank changes names locations accounts 60 Bus Day from debit End of float period variable 42 of 43 Confidential Copyright 2008 FIA and Markit Group Limited All rights reserved www
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