Presentation to CoinDesk

Smart Contract Templates | Lee Braine | Barclays | April 2016

Smart Contract Templates Lee Braine, Investment Bank CTO Office, Barclays Presentation to CoinDesk 25 April 2016 UNRESTRICTED

Introduction Smart legal agreements Potential benefits 9 large cost reductions 9 efficiency improvements 9 risk reduction Barclays internal team Smart Contract Templates prototype UNRESTRICTED

Industry Challenge Extremely complex challenge Every bank maintains its own separate ledgers Huge duplication of effort and cost UNRESTRICTED

Potential Solution Smart Our Focus Contract Templates Smart Contracts Blockchain / Shared Ledgers UNRESTRICTED

Smart Contract Templates Connect legal text to business logic Simplify legal documentation processes Drive standards adoption via reusable templates Mutualise costs via common components Paradigm shift – billions of pages of legal agreements UNRESTRICTED

Demonstration Prototype of investment banking application Shows lifecycle of interest rate swap UNRESTRICTED

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Collaboration and Open Innovation Barclays Investment Bank R3 University College London’s Centre for Blockchain Technologies ISDA - International Swaps and Derivatives Association Société Générale Techstars UNRESTRICTED

Smart Contract Templates Will take time to build, but potential benefits are enormous Further collaboration is required – needs industry behind it Smart Contract Templates summit in June UNRESTRICTED