NEW YORK, NY--(Marketwired - Apr 2, 2015) - Wolters Kluwer's CT Corporation, a leading provider of business formation and legal compliance services, is the first in the industry to offer a full-service Global Market Entity Identifier (GMEI) compliance solution in its suite of offerings.

The GMEI -- a unique 20-character code required for any entity participating in over-the-counter (OTC) derivative transactions -- was developed in response to the Wall Street Reform and Consumer Protection Act (also known as the Dodd-Frank Act). As a result of this requirement, businesses like Hedge Funds, Private Equity Funds, REITs, Fund of Funds (sub funds), Sovereign Funds and real estate companies have the administrative burden of obtaining and ensuring their GMEI codes remain in good standing for as long as they are participating in OTC derivative transactions. CT Corporation takes over the burden of filing for a GMEI code and keeping track of and fulfilling all maintenance requirements, saving companies time and reducing risk of non-compliance.

"Dodd-Frank imposes complex and costly compliance challenges that require rigorous new procedures, which if not done correctly, could result in financial consequences and impede a company's future ability to trade. With this offering, CT can help organizations with single or multiple subsidiaries manage time-sensitive and time-consuming operations associated with obtaining and maintaining GMEI codes," said Vijay Ramaiah, Director of Product Management for the enterprise segment of CT Corporation. "Our GMEI solution, combined with our suite of legal and compliance products and services, means that CT Corporation can meet customers' needs throughout the business lifecycle, from formation of an entity, to annual report filings and tax clearance, to its dissolution."

With the GMEI solution, CT:

• Provides an easy way to register with DTCC and obtain an official GMEI code.

• Assists clients in validating data required for GMEI and ensures that it is collected and entered properly the first time, eliminating the need to retrace steps.

• Ensures that annual recertification of each GMEI is done on a timely basis and that DTCC/SWIFT records are continually updated to reflect any changes, such as name, registered address, merger, liquidation or dissolution.

• Maintains an online record database that allows for easy auditing.

• Prevents costly penalties and other scrutiny by staying in step and on schedule with all requirements.

To learn more about the GMEI offering and CT Corporation, please contact 844-201-2511.