WM Gruppe supports Clearstream in shareholder identification under SRD II
The cooperation implements the requirements of the Shareholder Rights Directive II (SRD II) in the area of shareholder identification services.
Clearstream, the post-trading service provider of the Deutsche Börse Group, has selected WM Gruppe with its technology platform "WM-SRD-Hub” as a service provider for the implementation of the requirements of the Shareholder Rights Directive II (SRD II) for its central securities depositories Clearstream Banking S.A., Clearstream Banking AG and LuxCSD. This cooperation will enable Clearstream to draw on the strengths of WM Gruppe in the German-speaking markets.
As of start of the regulation on 3 September, customers of Clearstream and WM Gruppe will thus be able to meet the requirements of SRD II in these markets. The integrated service is based on the ISO 20022 standard. The services include:
- receiving and verifying the legitimacy of requests from public companies listed on regulated trading venues in Europe
- answering requests for shareholder identification and forwarding them to respective intermediaries
- providing the aggregated response files to the receiving public companies and their service providers
The platform meets the high regulatory security requirements for processing sensitive data. Highly automated integrated interfaces as well as various input and output formats ensure a high degree of flexibility and straight-through processing. The platform is to be operated in Germany.
“With the WM-SRD-Hub, we are adding an important component to our range of investor communication services. With the new service, public companies will be able to obtain required information about their shareholders easily, quickly and transparently from day one of the regulation,” says Philippe Mueller, Head of Issuer CSD Services, Clearstream.
“We are pleased that with Clearstream we have been able to convince a very important European central securities depository of the efficiency of the WM-SRD-Hub,” says Torsten Ulrich, Managing Director of WM Gruppe, who also sees the cooperation between the two companies as a sustainable model in which their strengths complement each other very well for the benefit of European market participants.
About WM Gruppe
WM Gruppe (Herausgebergemeinschaft Wertpapier-Mitteilungen Keppler, Lehmann GmbH & Co. KG) was founded 1947 in Frankfurt and has since developed into one of the leading standardization, information and regulatory service providers to the financial industry covering all of Europe.
WM provides integrated financial data mainly in the form of standardized and tailored data feeds, as well as interactive platform solutions.
As the National Numbering Agency of Germany WM is responsible for the allocation of German securities identification numbers (WKNs). As a member of ANNA WM officially allocates the International Security Identification Numbers (ISINs) for German as well as international issuers. Furthermore, WM is the 2nd largest global and largest European allocation agency for the provision of Legal Entity Identifiers (LEI) and in this function serving financial market participants in 169 countries.
As an international central securities depository (ICSD), headquartered in Luxembourg, Clearstream, which is part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 58 domestic markets worldwide. With 14 trillion euros in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.