A L L T O G E T H E R E A S I E R

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1 ALL TOGETHER EASIER

2 2 Simplifying and standardizing the trading of secured deposits and collateral.

3 Expand Your Horizons At BNY Mellon, we see opportunities that others don t. Trusted with more than 20 percent of the world s investment assets¹, our aerial view of the marketplace provides you the perspective to better meet your financing and collateral needs. Our cash and collateral marketplace, DBVX², intends to take advantage of this leadership position to deliver the level of price discovery and transparency you need. It s not just about transactional efficiency we offer, though; it s also a chance to expand your existing relationships in a global community. With the widening of spreads and reduction in capacity of traditional intermediaries, DBVX aims to create a deep pool of cash investors and collateral providers to make your search for liquidity much simpler. In addition, it could be an opportunity for you to enjoy deeper liquidity and price improvement, while controlling where you settle your trades and source your collateral. So take a high-level view of your business, and make the search for liquidity all together easier. POWERED BY BNY MELLON 20% of the world s assets held in custody G-SIFI status ¹Based on Institutional Investor s annual ranking of the World s Largest Global Custodians, October 2016, and other sources. ²In the US, DBVX will be a registered Alternative Trading System operated by BNY Mellon Capital Markets, LLC, member FINRA, SIPC. In EMEA, DBVX will be operated by BNY Mellon Capital Market EMEA, Ltd. Subject to regulatory approval, DBVX in EMEA will be operated by an Irish entity as a multilateral trading platform. 3

4 The Power of DBVX With standardized products and processes, DBVX will allow you to access liquidity in an efficient and cost-effective way. Whether you want to securely source eligible collateral, invest cash or raise cash against your collateral, it will all happen here. So what s in it for you? Connectivity Engage with banks, broker dealers, asset managers, corporates, hedge funds, state agencies, insurers and your own network all on one platform. Breadth Trade a full and diverse range of collateral, including fixed income and equities, against major currencies. Efficiency Benefit from efficient trading, investment and collateral arrangements thanks to standardized collateral schedules, processes and a legal framework that connects all participants. Control Enjoy full control of credit risk and collateral traded, engaging with your chosen counterparties, while efficiently utilizing your securities inventory with seamless straight-through processing (STP). Transparency Make decisions with the confidence that full price transparency and pre-trade anonymity provide. 4

5 A Simple Solution Connectivity Instant access Browser-based technology STP Desktop integration Breadth Industry-leading range of diverse counterparties Broad selection of maturities, currencies and collateral options Effciency Single GMRAs / MRAs to connect DBVX participants Integration of tri-party agent / CCPs, with bilateral settlement options also available Control Multiple execution models Standard, bespoke and evergreen maturities Real-time credit limit framework Segregation of duties Transparency Price transparency and pre-trade anonymity Inside DBVX DBVX will provide you with the infrastructure and functionality to confidently support your business. What s more, because we ll collaborate closely with the market, as the community grows, we ll expand the platform to meet your evolving requirements. The Platform Advantage Our analytics help you identify how inventory can be better utilized to efficiently raise cash or seek the cheapest overall funding. In addition, by supporting a range of standard maturities and evergreens, the platform will also allow the reuse of collateral for refinancing activities on a cleared, tri -party or bilateral basis. 5

6 DBVX It Couldn t Be Simpler 1 CASH INVESTOR I have cash and I want a secure way to generate yield COLLATERAL GIVER I want to raise cash using my securities price, transparency and execution are important COLLATERAL TAKER I need to source eligible assets to meet my obligations 2 Use DBVX to view the market and standard collateral schedules 3 Now place or respond to an advertisement, request a quote, or submit an order for matching 4 Negotiate or match automatically credit limits permitting 5 Trade agreed and counterparty revealed 6 Instructions issued and limit usage updated 6

7 Contact Europe US

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