Linedata enables clients to comply with HK SFC requirements ahead of schedule

Download PDF

HONG KONG, 15 June 2012 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it has made available to clients a solution which meets the Hong Kong Securities and Futures Commission (SFC)’s requirements for reporting short positions.

Linedata now has over 75% of its local customer base using reports which extract data from Linedata Beauchamp, the firm’s award-winning portfolio management solution. The company worked on the reports as soon as the new short selling rules were announced and offered this solution to all its clients investing in Hong Kong throughout April and May. Clients have access to one report which, as required by the SFC, details whether a stock is on the short selling list and needs to be reported; whether the position is equivalent to HKD 30 million, or whether its equivalent to 0.02% of share capital. They are also offered a more detailed report for their own use, which enables them to see all the data underpinning each criterion.

“We have released these reports to our local clients over the past few weeks, and over three quarters of them have adopted the solution. The robust, centralised database in Linedata Beauchamp means that all the data needed to meet this new reporting requirement is there and we have created these two reports to streamline the process, saving our clients’ time and effort. Although we’re a global company, with the leverage and reach you’d expect, we also aim to supply great local service and support our clients here on the ground in Asia,” explains Sally Crane, Linedata’s Managing Director for Asia Pacific. “Linedata Beauchamp is a flexible, configurable system which enables either the client or us to quickly adapt to new regulations and other reporting and compliance requirements with ease,” she concludes.

__________________________________________________________________________________________________

ABOUT LINEDATA

Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the setup of SaaS infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 137.3 million in 2011. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.

Linedata provides comprehensive solutions and services to manage all types of investment processes, from pre-trade to post-settlement, across a wide range of firms, including institutional portfolio and collective management companies, hedge funds, prime brokers, fund managers, transfer agents, corporate savings fund managers, subsidiaries of banks or independents, and administrators.

For more information, please contact:

Linedata

Liz Fidler

Tel: +44 207 469 8725

liz.fidler@uk.linedata.com