SIX Telekurs devising effective solutions for implementing InvRBV for Landesbank Hessen-Thüringen (Helaba)

Frankfurt am Main, Germany - 4 November 2011

Helaba relies on the innovative TPS-InvRBV solution from SIX Telekurs Deutschland and its sister company Cetrel Securities for the fulfillment of all regulatory requirements contained in the InvRBV Directive (the German Investment Fund Accounting and Valuation Directive).

Since BaFin (Federal Financial Supervisory Authority) ratified the InvRBV Directive in December 2010, the capital investment company and custodian bank market has been required to increase the transparency and reliability of processes for valuing financial instruments, and of process documentation. In concrete terms, this means that, as of July 1, 2011, active monitoring of the market and selection of a representative market price must be carried out in accordance with pre-defined criteria.

In the implementation of InvRBV’s legal requirements SIX Telekurs pays particular attention to an individual parametric framework of rules and maximum automation of individual client processes. Hans Peter Murmann from Helaba elaborates on his reasons for choosing SIX Telekurs: ”A key factor in our decision, in addition to full compliance with all of the new statutory regulations, was the short project term as well as the minimum need for modifications to our infrastructure. What is more, our extensive database demands an efficient, flexible application that meets our high quality standards.”

Dagmar Graw, Account Director at SIX Telekurs Deutschland explained: “We are pleased to have helped a major Landesbank like Helaba implement InvRBV in Germany. Our database, unparalleled throughout the world in terms of depth and scope, combined with Cetrel Securities’ highly-qualified framework of rules, enables us to offer Helaba as well as other clients complete service from a single source.

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