Barclays POINT Brochure

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POINT Innovative Multi-Asset Portfolio AnalysisThe Difference Is Clear

Index, Portfolio and Risk Solutions

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POINT: Dynamic Decision Support

Flexible portfolio and index reportingDraw from our vast database of current and historical data

View constituent-level indicatives, security analytics and returns

Aggregate along multi-dimensional breakdowns

Drill down into individual sector holdings

Apply context-specific custom views

Compare historical data across multiple portfolios and indices

Report on market exposures and sensitivities and track performance over time

Explore changes in index composition over any period using index turnover reports

Easily export any report to XLS, PDF or CSV formats

Portfolio managementCreate and maintain portfolios through an automatic batch process

Build dynamic transactional or position-based portfolios

Generate daily holdings using trade date accounting

Access index prices and analytics or override using custom data sources

Model or proxy private placements, OTC derivatives and other securities as user-defined instruments

Analyze the effect of potential trades using what-if analysis

Organize portfolios into a hierarchical composite structure

Benchmarkmanagement

Access both Barclays and third-party indices across the equity and fixed income markets

Define custom indices with flexible inclusion/ exclusion conditions

Create composite indices using specific weights or analytic targets

Generate index dynamics and turnover reports

Manage exposures to specific tickers

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POINT: The Difference Is ClearPOINT combines an extensive multi-asset library of proprietary market data and state-of-the-art models to deliver a clearer understanding of portfolio sensitivities and drivers of performance.

Global risk models

Tracking errorMonitor risk and create efficient hedge strategies

Understand relative and absolute risk using intuitive, detailed, multi-factor risk models

Decompose systematic, idiosyncratic and default risk exposures

Partition risk across factors, sectors and customizable dimensions

Capture cross-asset and issuer level correlations

Use custom prices and analytics to fully understand portfolio risk

Tail riskEvaluate Monte Carlo simulations to calculate Value-at-Risk (VaR) and Expected Shortfall (conditional VaR)

Account for issuer concentration and default correlations

Quantify tail risk contributions, including systematic, idiosyncratic and default risk

Hybrid Performance Attribution (HPA)The HPA model enables clients to compare performance against a standard or custom index, another portfolio or cash. Daily transactional data is used to identify the sources of outperformance.

HPA introduces elements of a risk factor-based framework into traditional sector-based attribution to create a custom hybrid approach

Define a multi-level partition to mimic a portfolios management structure

Choose market value or risk-based weights to measure exposure to currencies or sectors

Account for P&L gained from intraday transactions

Portfolio OptimizerThe Portfolio Optimizer enables clients to construct, rebalance or hedge a portfolio at the click of a button, incorporating user-specified objectives and constraints, via a user-friendly interface.

Target portfolio characteristics such as risk, analytics or user-provided data.

Run fast and scalable linear and non-linear optimizations

Replicate an index using tracking error minimization

Analyze trade recommendations for strategy implementation

Scenario analysis and stress testing

Empirical scenariosApply a scenario to portfolios instantaneously or over a time horizon, assessing the impact of hypothetical returns across market moves

Define multi-currency government/swap curve movements and USD municipal curve movements

Adjust horizon pricing using custom or historical sector betas

Capture the impact of vega exposure to parallel and non-parallel shifts in the volatility surface

Factor-based scenariosLeverages POINTs risk factor model framework for flexible scenario analysis

Provides users with a single platform to investigate hypothetical multi-asset class scenarios

Define hypothetical views on an index, portfolio or factor returns

Results are sensitive to the covariance matrix selected and are well suited for multi-asset class portfolios

Select pre-defined historical stress tests

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Capital structure analysisApplies a consistent methodology for analysis of corporate bonds, equities, convertible bonds and options

Computes credit risk analytics such as Corporate Default Probabilities (CDP), Conditional Recovery Rates (CRR) and default correlations

Utilizes macroeconomic dynamics to produce timely default predictions

Incorporates accounting data adjustments for more accurate comparisons across industries

Enables relative value analysis by comparing default implied ratings

Fixed income Equities and commodities Derivatives

Global Government, Credit, High Yield and Inflation-Linked

Securitized Products: MBS, ABS, CMBS and CMOs

Emerging Markets: Coverage in 85 currencies

Municipals: Comprehensive state database

Swap curves in 37 currencies

Treasury, Swap and Municipal curve-based analytics

Common Stock, Closed-End Funds, ETFs, ADRs, REITs, Convertible Bonds, etc.

Developed and Emerging Markets in 84 countries and 48 currencies

Commodity futures for over 20 contract deliverables

Exchange Traded: Bond Futures, Interest Rate Futures, Currency Futures, Equity Index Futures, Options on Futures, Equity Options and Equity Index Options

OTC: Interest Rate Swaps, Caps/Floors, European Swaptions, CDS, CDX/iTraxx, TRS and FX Forwards

Actionable research POINT is the product of more than a decade of proprietary research. The benchmark content, valuation models and portfolio analytics are the result of continued refinements by the POINT modeling team and the collective efforts of Barclays Research. The Index, Portfolio and Risk Solutions team within Barclays Research provides an integrated client service model for POINT providing support and training backed by a wealth of experience in custom benchmark development, risk management and portfolio advisory services.

Median default probability prior to default

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-36 -30 -24 -18 -12 -6 0

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POINT CDP Rating

POINT: Global Multi-Asset Class Coverage

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POINT: Advanced Analytics PlatformPOINT provides comprehensive solutions for every stage of the investment process. The platform leverages Barclays research and technology to offer advanced multi-asset portfolio construction, risk forecasting and performance analysis.

POINT: Comprehensive and user-friendly research platform delivering powerful portfolio analysis

Global coverage

Fixed incomeDerivativesEquitiesCommoditiesCustom user-defined instrumentsMajor indices and custom benchmarks

Scalable platform

Flexible front-end for intraday analysis

Automated reporting and portfolio maintenance

Robust, enterprise-wide batch processing

Client data security

Single-security analytics Portfolio analysis

Indicative, pricing and analytical data

Option-adjusted analytics based on government, swap and municipal curves

Equity sector betas and sensitivities to fundamental and technical factors

Multi-factor risk models

Hybrid Performance Attribution

Portfolio optimization and hedging tools

Scenario analysis

What-if analysis of potential trades

Client cross-asset solutions

Access to industry-leading valuation models

Consistent view of portfolio metrics

Integrated understanding of risk across asset classes

Dedicated client service and global teams

Why POINT?POINT provides dynamic analytics to meet the needs of a diverse customer base in a rapidly changing market environment. The platform combines the intellectual capital of Barclays leading research and trading operations with a highly scalable technology solution, processing tens of thousands of portfolios and millions of unique securities per night.

Key featuresSlice and dice index and portfolio data

Model risk across all asset classes

Employ advanced portfolio construction tools

Evaluate performance attribution

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Client types

Other

Pension Fund

Commercial Bank

Hedge Fund

Insurance Company

Money Manager

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DisclaimerThis information has been prepared by the Corporate & Investment Banking Division of Barclays and is issued by Barclays Bank PLC and/or one or more of its affiliates (collectively and each individually, Barclays). All information is provided as is and Barclays makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to any data included herein. Barclays makes no representations that the information contained herein or any of the analytic tools or reports referenced herein are accurate, reliable, complete, or appropriate for use by all investors in all locations. Because of the possibility of human and mechanical errors as well as other factors, Barclays is not responsible for any errors or omissions in the information contained herein or any of the analytic tools or reports referenced herein. Barclays will not treat unauthorized recipients of this information herein as its clients.

Without limiting any of the foregoing and to the extent permitted by law, in no event shall Barclays nor any of their respective officers, directors, partners, or employees have any liability for (a) any special, punitive, indirect, or consequential damages; or (b) any lost profits, lost revenue, loss of anticipated savings or loss of opportunity or other financial loss, even if notified of the possibility of such damages, arising from any use of, or reliance on, this information, analytic tools or reports referenced herein.

Barclays is not utilizing this document to provide investment advice to you or any other party. The information, analytic tools or reports referenced herein and any results derived from their use provided herein are intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation is made that any returns will be achieved through their use. Any data on past performance, modelling or back-testing contained herein is not necessarily indicative of future results. All levels, prices and spreads are historical and do not represent current market levels, prices or spreads, some or all of which may have changed. Any price provided herein is non-binding and is subject to change and may differ from a live bid, offer or price subsequently quoted by Barclays. The receipt by you of such price shall not constitute a binding transaction at such price. The information referenced herein or any of the results derived from any analytic tools or reports referenced herein are not intended to predict actual results and no assurances are given with respect thereto. Barclays does not guarantee the accuracy or completeness of information which is stated to have been obtained from, or is based upon, trade and statistical services or other third party sources. You should consult with your own accounting, legal or other advisors as to the adequacy of this information for your purposes.

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Barclays Capital Inc., U.S. registered broker/dealer and member of FINRA (www.finra.org), is distributing this material in the United States and, in connection therewith accepts responsibility for its contents. Any U.S. person wishing to effect a transaction in any security discussed herein should do so only by contacting a representative of Barclays Capital Inc. in the U.S. at 745 Seventh Avenue, New York, New York 10019. Non-US persons should contact and execute transactions through a Barclays Bank PLC branch or affiliate in their home jurisdiction unless local regulations permit otherwise.

IRS Circular 230 Prepared Materials Disclaimer: Barclays does not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein (including any attachments) (i) is not intended or written to be used, and cannot be used, by you for the purpose of avoiding U.S. tax-related penalties; and (ii) was written to support the promotion or marketing of the transactions or other matters addressed herein. Accordingly, you should seek advice based on your particular circumstances from an independent tax advisor.

Barclays is not responsible for, and makes no warranties whatsoever as to, the content of any third-party web site accessed via a hyperlink contained herein and such information is not incorporated by reference.

Copyright Barclays Bank PLC (2012). All rights reserved. No part of this information may be reproduced in any manner without the prior written permission of Barclays or any of its affiliates. Barclays Bank PLC is registered in England No. 1026167. Registered office 1 Churchill Place, London, E14 5HP. Additional information will be furnished upon request.

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CSNY426524 v10 October 2012