Prepaid Assessment Marketplace^SM

The Federal Deposit Insurance Corporation (FDIC) adopted a rule that required insured depository institutions to prepay, on December 30, 2009, their quarterly assessments for all of 2010, 2011, and 2012.

In response to a request from the American Bankers Association (ABA), and as a service to the entire banking industry, Promontory worked with the ABA to create the Prepaid Assessment Marketplace – an online marketplace that facilitates the transfer of prepaid assessments ("credits"). The password-protected Web site is a place where banks can:

• View the market for FDIC prepaid assessments ("credits");
• Indicate their interest in buying or selling assessments;
• Receive notification from Promontory when a match is made;
• Obtain a template contract and other useful information.

Banks do not have to be members of the Promontory Network to use this new service. Promontory bears the full cost of operating the marketplace, and banks that use it will not be charged any fees for doing so.

Promontory's role is limited to operating the marketplace, and Promontory does not act as a broker or "clear" these transactions – indeed, transfers can only be made through the FDIC (via its electronic system FDICconnect) and after notice to the FDIC, which retains the right to reject any transfer on supervisory or other grounds.

To learn more about Prepaid Assessment Marketplace:

• Visit http://promnetwork.com/prepaidassessment;
• Contact Promontory's Treasury Desk at 866-776-6426, option 2, or Treasury_Desk@promnetwork.com; or
• Register for Prepaid Assessment Marketplace online at https://prepaidassessment.com.

ABA CONTACT PERSONS--PREPAID ASSESSMENT MARKETPLACE:

Helen Sullivan Senior Vice President, Capital Markets Business Solutions, an ABA subsidiary Tel: (202) 663-5167 hsullivan@aba.com

Rob Strand Senior Economist Economic and Policy Research (202) 663-5350 rstrand@aba.com

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