diff --git a/build/depends.py b/build/depends.py
index 6b6c65e466e1..7c039d59f969 100644
--- a/build/depends.py
+++ b/build/depends.py
@@ -746,6 +746,7 @@ def sources(self, build):
                    "src/effects/effectparameter.cpp",
 
                    "src/effects/effectchainpreset.cpp",
+                   "src/effects/effectpreset.cpp",
                    "src/effects/effectchainslot.cpp",
                    "src/effects/specialeffectchainslots.cpp",
                    "src/effects/effectslot.cpp",
diff --git a/src/effects/defs.h b/src/effects/defs.h
index 9bc61c282203..aa64e1d68bff 100644
--- a/src/effects/defs.h
+++ b/src/effects/defs.h
@@ -76,6 +76,9 @@ typedef QSharedPointer<EffectChainSlot> EffectChainSlotPointer;
 class EffectChainPreset;
 typedef QSharedPointer<EffectChainPreset> EffectChainPresetPointer;
 
+class EffectPreset;
+typedef QSharedPointer<EffectPreset> EffectPresetPointer;
+
 class StandardEffectChainSlot;
 typedef QSharedPointer<StandardEffectChainSlot> StandardEffectChainSlotPointer;
 
diff --git a/src/effects/effectchainpreset.cpp b/src/effects/effectchainpreset.cpp
index c1aaae18b661..394a222b387e 100644
--- a/src/effects/effectchainpreset.cpp
+++ b/src/effects/effectchainpreset.cpp
@@ -1,17 +1,37 @@
 #include "effects/effectchainpreset.h"
 
 #include "effects/effectxmlelements.h"
+#include "effects/effectchainslot.h"
 #include "util/xml.h"
 
 EffectChainPreset::EffectChainPreset() {
 }
 
 EffectChainPreset::EffectChainPreset(const QDomElement& element) {
-	VERIFY_OR_DEBUG_ASSERT(element.hasChildNodes()) {
+	if (!element.hasChildNodes()) {
 		return;
 	}
 
+    m_id = XmlParse::selectNodeQString(element, EffectXml::ChainId);
 	m_name = XmlParse::selectNodeQString(element, EffectXml::ChainName);
+    m_description = XmlParse::selectNodeQString(element, EffectXml::ChainDescription);
+
+    QString mixModeStr = XmlParse::selectNodeQString(element, EffectXml::ChainMixMode);
+    m_mixMode = EffectChainSlot::mixModeFromString(mixModeStr);
+
+    m_dSuper = XmlParse::selectNodeDouble(element, EffectXml::ChainSuperParameter);
+
+    QDomElement effectsElement = XmlParse::selectElement(element, EffectXml::EffectsRoot);
+    QDomNodeList effectList = effectsElement.childNodes();
+
+    for (int i = 0; i < effectList.count(); ++i) {
+        QDomNode effectNode = effectList.at(i);
+        if (effectNode.isElement()) {
+            QDomElement effectElement = effectNode.toElement();
+            EffectPresetPointer pPreset(new EffectPreset(effectElement));
+            m_effectPresets.append(pPreset);
+        }
+    }
 }
 
 EffectChainPreset::~EffectChainPreset() {
diff --git a/src/effects/effectchainpreset.h b/src/effects/effectchainpreset.h
index 7ac2ce7aab08..5e626ea4ee6b 100644
--- a/src/effects/effectchainpreset.h
+++ b/src/effects/effectchainpreset.h
@@ -4,20 +4,26 @@
 #include <QDomElement>
 
 #include "effects/defs.h"
+#include "effects/effectpreset.h"
 
 
 class EffectChainPreset {
   public:
-	EffectChainPreset();
-	EffectChainPreset(const QDomElement& element);
-	~EffectChainPreset();
+    EffectChainPreset();
+    EffectChainPreset(const QDomElement& element);
+    ~EffectChainPreset();
 
-	QString name() const {
-		return m_name;
-	}
+    QString name() const {
+        return m_name;
+    }
 
   private:
-  	QString m_name;
+    QString m_id;
+    QString m_name;
+    QString m_description;
+    double m_dSuper;
+    EffectChainMixMode m_mixMode;
+    QList <EffectPresetPointer> m_effectPresets;
 
 };
 
diff --git a/src/effects/effectpreset.cpp b/src/effects/effectpreset.cpp
new file mode 100644
index 000000000000..ab2adbcfc08b
--- /dev/null
+++ b/src/effects/effectpreset.cpp
@@ -0,0 +1,32 @@
+#include "effects/effectpreset.h"
+
+#include "effects/effectxmlelements.h"
+#include "util/xml.h"
+
+EffectPreset::EffectPreset() {
+}
+
+EffectPreset::EffectPreset(const QDomElement& element) {
+	if (!element.hasChildNodes()) {
+		return;
+	}
+
+    m_id = XmlParse::selectNodeQString(element, EffectXml::EffectId);
+	m_version = XmlParse::selectNodeQString(element, EffectXml::EffectVersion);
+    m_dMetaParameter = XmlParse::selectNodeDouble(element, EffectXml::EffectMetaParameter);
+
+    QDomElement parametersElement = XmlParse::selectElement(element, EffectXml::ParametersRoot);
+    QDomNodeList parametersList = parametersElement.childNodes();
+
+    for (int i = 0; i < parametersList.count(); ++i) {
+        QDomNode parameterNode = parametersList.at(i);
+        if (parameterNode.isElement()) {
+            QDomElement parameterElement = parameterNode.toElement();
+            // EffectParameterPresetPointer pPreset(new EffectParameterPreset(parameterElement));
+            // m_effectParameterPresets.append(pPreset);
+        }
+    }
+}
+
+EffectPreset::~EffectPreset() {
+}
diff --git a/src/effects/effectpreset.h b/src/effects/effectpreset.h
new file mode 100644
index 000000000000..fe4e520d2b51
--- /dev/null
+++ b/src/effects/effectpreset.h
@@ -0,0 +1,23 @@
+#ifndef EFFECTPRESET_H
+#define EFFECTPRESET_H
+
+#include <QDomElement>
+
+#include "effects/defs.h"
+
+
+class EffectPreset {
+  public:
+	EffectPreset();
+	EffectPreset(const QDomElement& element);
+	~EffectPreset();
+
+  private:
+  	QString m_id;
+  	QString m_version;
+  	double m_dMetaParameter;
+
+  	// QList <EffectParameterPresetPointer> m_effectParameterPresets;
+};
+
+#endif /* EFFECTPRESET_H */
\ No newline at end of file
diff --git a/src/effects/effectsmanager.cpp b/src/effects/effectsmanager.cpp
index ee79d08a4417..6978f7a942ca 100644
--- a/src/effects/effectsmanager.cpp
+++ b/src/effects/effectsmanager.cpp
@@ -274,8 +274,6 @@ EffectManifestPointer EffectsManager::getManifestFromUniqueId(const QString& uid
 }
 
 void EffectsManager::addStandardEffectChainSlots() {
-    EffectChainPresetPointer pPreset = m_effectChainPresets["Default"];
-
     for (int i = 0; i < EffectsManager::kNumStandardEffectChains; ++i) {
         VERIFY_OR_DEBUG_ASSERT(!m_effectChainSlotsByGroup.contains(
                 StandardEffectChainSlot::formatEffectChainSlotGroup(i))) {
@@ -395,12 +393,6 @@ void EffectsManager::setup() {
     addOutputEffectChainSlot();
 }
 
-// NOTE(Kshitij) : Use new functions for effect loading using Effect Preset
-// void EffectsManager::loadEffectChains() {
-//     // populate rack and restore state from effects.xml
-//     m_pEffectChainManager->loadEffectChains();
-// }
-
 void EffectsManager::setEffectParameterPosition(EffectManifestPointer pManifest,
         const unsigned int parameterId, const unsigned int position) {
     for (auto& pChainSlot : m_standardEffectChainSlots) {
diff --git a/src/effects/effectsmanager.h b/src/effects/effectsmanager.h
index 69f8a8a1f677..06d7c9260991 100644
--- a/src/effects/effectsmanager.h
+++ b/src/effects/effectsmanager.h
@@ -53,7 +53,6 @@ class EffectsManager : public QObject {
 
     // NOTE(Kshitij) : New functions for saving and loading
     // bool saveEffectChains();
-    // void loadEffectChains();
 
     static const int kNumStandardEffectChains = 4;
 
@@ -104,8 +103,6 @@ class EffectsManager : public QObject {
     void addEqualizerEffectChainSlot(const QString& deckGroupName);
     void addQuickEffectChainSlot(const QString& deckGroupName);
 
-    // NOTE(Kshitij) : Use new functions
-    // void loadEffectChains();
     void loadEffectChainPresets();
 
     // TODO: Remove these methods to reduce coupling between GUI and