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CSD9 Agenda & AnnouncementsCSD9 Agenda & Announcements

Korea Securities Depository (KSD) Korea Securities Depository (KSD) Taiwan Depository & Clearing Corporation (TDCC) Taiwan Depository & Clearing Corporation (TDCC)

Japan Securities Clearing Corporation (JSCC) Japan Securities Clearing Corporation (JSCC) Japan Securities Depository Center, Inc. (JASDEC)Japan Securities Depository Center, Inc. (JASDEC)

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CSD9 AgendaCSD9 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)

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CSD9 Program OverviewCSD9 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

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Keynote Speech & Keynote Speech & Reports from Regional CSD AssociationsReports from Regional CSD Associations

Keynote Speech

“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

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Opening Panel DiscussionOpening 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

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Session 1Session 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

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Session 2Session 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

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Session 3Session 3

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

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Session 4Session 4

Topic “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

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Session 5Session 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

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Last but not least…Last but not least…Top Management MeetingTop 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”

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And also…And also… World Information ExchangeWorld 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