BDUG 2008 Town Hall Meeting

September 17th, 2008

8:30 AM – 9:30 AM

BDUG Mission Statement

Increase the information flow between DTCC and its participant banks

Provide DTCC’s management with input related to their policies, procedures, and operations

Promote a spirit of cooperation and goodwill among BDUG members and DTCC

2008 Goals Increase Membership by 5% to 51

• 2008 Membership had a slight decrease due to acquisitions and business changes

Increase Annual Meeting Attendees 10% to 75• Actual attendance • Budget restrictions due to earnings challenges

Maintain Exhibitor Support • 2007 Exhibitors• 2008 Exhibitors

Others In 2007 Town Hall Meeting Review

2008 ANNUAL MEETING Attendance 43 Members 25 Member Banks 8 First Time Attendees 12 Exhibitors

Additional early registration fee discount - • First two member bank attendees - $450 and $225 for each

additional member bank attendee

2007 Town Hall In Review Actively solicit new members for BDUG throughout the year

• 2008 Membership had a slight decrease from 48 To 42 due to acquisitions and business changes

Actively participate in industry related • Participated in quarterly SIFMA call• Continue focus in 2009 with committee member changes

Meet frequently with DTCC representatives• Annual meeting with DTCC Management held in March• DTCC participation in Class Action and DRS Webinars

2007 Town Hall in Review Communicate to you more frequently regarding

industry related topics • Class Action Committee• DRS Webinar

Spend less time planning the annual meeting and more time on industry related topics

• Created Industry Liaison Committee Role• Revisit annual meeting planning options as Liaison role develops

BDUG Committee Restructured

The Following Changes will require a vote from the membership Audit and By-Laws Committee Position

• Audit and By-Laws incorporated into Vice Chairperson role

Create Industry Liaison Member• Become more active in the industry• Work with members and other Industry committees• Work in progress

Vote on changes• Audit and By Laws responsibilities to Vice Chairperson role• Creating Industry Liaison Committee Position

2009 AND BEYOND – ANNUAL MEETING

2009 Commitment to SandPearl Resort – Clearwater, FL• In current environment attendance from members and

exhibitors a concern

• $21,000 non-refundable deposit

2010 commitment on hold• Work with DTCC to include other entities• Combine meeting with other industry group(s)

Questions & Comments

THANK YOU!!!