How Patni can help you achieve MiFID compliance on time.

There are a number of areas in which Patni can help you, namely:

• Client categorization and re-documentation
• Data (standards, migration, quality, storage)
• Pre- and post-trade transparency reporting
• Market testing.

Patni has extensive experience working with Financial Institutions. We currently work with major banks on risk and compliance programmes including Basel II and SOX. We have a large number of seasoned professionals who are well-versed in all aspects of data migration and warehousing. Our skill sets are complemented by industry specialists who are in the fore-front of MiFID thought leadership as members and regular participants at the Joint Working Group and Sub Group meetings

To begin the process of implementation, Patni has put together an Impact Analysis Service which delivers the high level impacts of MiFID in a cost-effective manner. This service is led by industry experts and utilizes Patni's experienced team of business analysts.

Once the impact analysis has been completed, Patni can assist you with the implementation of MiFID, utilizing our best-shore model to minimize costs whilst always maintaining the high standards of quality for which Patni is renowned.

Patni offer the following services:

• Documentation: Check and implement the processes to ensure that all customers have the right documentation and have acknowledged receipt.
• Data Migration: Migration of client data to a new database properly segregated and enhanced to ensure the right products are offered to the right people.
• Data Quality: Ensure that the data is 'fit for purpose' and in the correct format for the generation of regulatory reporting.
• Data Storage: Advise on the storage implications of the MiFID directive and provide off-site back-up and retrieval facilities.
• Data Warehousing: Provide regulatory reports and proof of compliance of the requirements of MiFID.
• Systems Implementation: Implement changes to front and back office systems, working with the vendors and internal IT Departments.
• Systems Integration: Ensure that data is available for publishing (in the case of the trade and price data) and also that the right information is available for best execution.
• Market Testing: Use our many and very experienced Verification and Validation practitioners to ensure quality of delivery, realization of benefits and compliance peace of mind, in a cost effective and efficient manner that will not compromise the integrity of the IT platforms.