PRIIPs Reference data

PRIIPs are packaged investment products with investment risk whose value is derived from reference securities and which are part of many financial products.

The entry into force of the PRIIPs Regulation on January 2, 2018 is supposed to create higher transparency for investors when they acquire Packaged Retail and Insurance-Based Investment Products (PRIIPs). From that time on, manufacturers need to procedure appropriate Key Information Documents (KIDs) for every financial instrument relevant to PRIIPs, which must be handed out to the customer by the distributers before the conclusion of a contract.

The identification of PRIIPs relevant financial instruments with its relevant information such as, for e.g. the SRI (risk indicator), the available KID versions, the complexity indicator (or warning) and other master data are displayed under this profile.

Included data fields in query profile PRIIPs Reference data

The query profile PRIIPs (Packaged Retail and Insurance-based Investment Products) includes amongst others the following data fields:

• GD496A PRIIPs identifier
• GD496B Source identifier
• GD496C Current KID (EU) PRIIPs regulation available; manufacturer
• GD496D Current KID (EU) PRIIP regulation available, EDH
• GD496E Type of KID provision
• GD496F Investor documents for funds available, manufacturer
• GD496G Investor documents for funds available, EDH
• GD496H Risk indicator
• GD496I KID PRIIP warning notes in current KID (complex product)
• GD497C Risk indicator computation method
• GV491 KID PRIIP versions (language, country, version number)

Please note that, for licensing reasons, most of the above PRIIPs fields are exclusively available in the wmProfile query profile for PRIIPs Reference data and thus are not available in the wmView Securities Master Data.

Query of PRIIPs Reference data

How are the PRIIPs data presented?

This security, which according to manufacturer data is PRIIPs relevant, has a risk indicator of 4 (SRI). A current - statically by the manufacturer provided - KID is present. The KID is available in the WM European Documents Hub (EDH). The KID in version 1 (updated on 15.02.2018 08:16:17 UTC) contains no warning and is available in German for the designated countries of Germany, Austria and Luxembourg.

Functional field descriptions and table attributes

For each WM field, the optional module wmGuide can be used to enquire an extensive functional field description, often with references to the underlying guidelines and regulations.

Some examples of selected WM data fields:

PRIIPs identifier - GD496A

The field GD496A - PRIIPs identifier, indicates if the product is relevant to PRIIPs. UCITS funds receive a special identification.

The PRIIPs identifier is applied to all 3.7 million active securities. In January 2018, more than 2 million products had a positive identifier for PRIIPS and over one hundred thousand were marked as UCITS funds.

Source identifier PRIIPs data (GD496B)

This field provides the source (manufacturer or WM Datenservice) on which the PRIIP identification in field GD496A is based.

Risk indicator computation method (GD497C)

WM-field GD497C indicates which method has been applied to determine the risk indicator in field GD496H. This WM-field has the following table attributes:

What are the PRIIPs data used for?

Some examples of applications for PRIIPs data are:

• For manufacturers / issuers: Distribution and archiving of own PRIIP KIDs and PRIIP master data
• For distributors of the PRIIPs: Identification of financial instruments subject to the PRIIPs Regulation
• For public inspection bodies: Review of PRIIP KIDs and reference data as part of their oversight responsibilities

Who uses WMACCESS to query PRIIPs Reference data?

• Banks
• Insurance companies
• Financial services provider
• Fund companies
• Securities services provider
• Capital management companies
• Asset management companies

How often are the PRIIPs reference data updated?

The data on the PRIIPs reference data fields are provided in the WM product PRI twice on every trading day by WM Datenservice.

Can the query of PRIIPs reference data be tested?

Yes, please apply for a free test access.

Convinced?

Please download the contract and carry out a free express installation by email.

Query costs:

For this query profile the query fee category T3 applies for price model 1 and 2.

The extensive WMACCESS data spectrum contains, additionally to PRIIPs, data on all MiFID II topics. These include:

• Classification of pre-/ post-trade relevance
• Target market and negative target market data
• Cost data for products with fair value

Would you like to receive a notification if, for example, the risk indicator (GD496H) changes for a security you manage? With our service for monitoring WM data, a portfolio-based monitoring is possible.

You will automatically be informed about changes in the securities you manage.

Contact us for further details and prices.

WM European Documents Hub (EDH)

WM Datenservice offers with the WM European Documents Hub (EDH) a solution for the distribution and archiving of PRIIP-KID. In addition, Fund KIIDs (Key Investor Information Document), sales prospectuses and other additional documents are offered.