6th International Conference“Russian Rates Derivatives 2012:

New Environment?”

Location:

EBRD, Russia Nat FX Association, ISDAOrganisers:

London, European Bank for Reconstruction and Development, London

Date: Tuesday, 14th March 2012

Timothy Murphy, Bloomberg London

Bloomberg RUSSIAN DERIVATIVES Market Participation

Bloomberg

COUNTRIES FIXED INCOME DERIVATIVES, FINANCING

Global market leadership in the electronic trading and trade confirmation of OTC Derivatives transactions

Bloomberg

Bloomberg

Bloomberg

Bloomberg Bond Auctions Bloomberg E-Bond

BloombergTHROUGH-PUT FIXED INCOME CCP WORKFLOW PROCESS

Bloomberg direct connectivity to all major Central Clearing Parties (CCPs)

Select your Derivatives Clearing Member and / or submit trades directly to your chosen Clearing House

Receive real-time status on your and your clients’ trades from your CCP and Clearing Broker / Member

Allocate and Submit your trades on Bloomberg network without the need for 3rd party middleware.

NYSE Euronext and Bloomberg

Platform Automates Real Time, Pricing, Routing, Trading, Confirmation & Settlement Process

March 2012

• Real-time view of NYSE Bonds markets with full depth of book • Ability to hit/lift NYSE Bonds markets using Bloomberg TOMS • Straight-Through-Processing (STP) of orders from

Platform to ExchangeBack-Office SystemsCustodian Systems, Full Audit Trail, efficient Execution and

Reporting • Inventory acquisition from NYSE Bonds to fill open client orders

Fully Integrated Through-Put System for Fixed Income

BloombergCommitted to assist all market developments and transparency to improve efficiency and clarity, reducing risks.

Goal is to facilitate Russian OTC Derivatives trading, execution and reporting

Fully co-operative with all involved market participants

Questions

TMURPHY62@BLOOMBERG.NET