{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/MBK",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# MERKUR PRIV.BK INH O.N. (Xetra: MBK) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is MERKUR PRIV.BK INH O.N., listed on Xetra under ticker MBK, with ISIN DE0008148206 and LEI 529900Y9V9S4JSXJZK89. The security type is Corporate, the segment is DEUTSCHLAND, and the jurisdiction is Germany (Handelsregister HRB). The sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. The listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 1 filing in the twelve months to 2026-11-06, on 1 filing day, and the filing is of type corporate_news. The median gap between filing days is not on the record. Days from the latest filing to the record date are 21, the latest filing is dated 2026-10-16, and its type is corporate_news. The Xetra exchange median is 6 filings, a median cadence gap of 22.8 days, and a median latency of 5.5 days, across 419 issuers. The sector-peer comparison for DE is not on the record.\n\n## Auditor\n\nThe auditor of record is Deloitte GmbH Wirtschaftsprüfungsgesellschaft. Its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, as this register has no lifecycle type map yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nThe outcome is determinable for all three client categories the chapter names: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien. Each carries signal ACM-200. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the investor-relations pages read for this issuer, so the count is 0.\n\n## Open research\n\nThe record holds 7 openly published research notes, all from Pareto Securities Research, dated 2024-12-09, 2024-08-07, 2024-03-26, 2023-10-23, 2022-01-18, 2021-04-20 and 2019-08-29.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n15 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/529900Y9V9S4JSXJZK89 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/MBK (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://www.merkur-privatbank.de/dokumente/upload/98998_Geschaeftsbericht_2025.pdf (the auditor)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.merkur-privatbank.de/dokumente/upload/d08ec_Research_Bericht_09.12.2024.pdf (open research)\n- https://www.merkur-privatbank.de/dokumente/upload/268f0_Research-Bericht_07-08-2024.pdf (open research)\n- https://www.merkur-privatbank.de/dokumente/upload/65df5_Research_Bericht_26.03.2024.pdf (open research)\n- https://www.merkur-privatbank.de/dokumente/upload/59d93_Research_Bericht_23.10.2023.pdf (open research)\n- https://www.merkur-privatbank.de/dokumente/upload/c6e0e_Research_Bericht_18.01.2022.pdf (open research)\n- https://www.merkur-privatbank.de/dokumente/upload/eb629_Research_Bericht_20.04.2021.pdf (open research)\n- https://www.merkur-privatbank.de/dokumente/upload/Research_Bericht_29.08.2019.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/MBK (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "read by ChatGPT (batch)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.merkur-privatbank.de/dokumente/upload/98998_Geschaeftsbericht_2025.pdf",
    "state": "filled",
    "value": "Deloitte GmbH Wirtschaftsprüfungsgesellschaft"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/MBK",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "corporate_news": 1
   },
   "cadence_median_gap_days": null,
   "filing_days": 1,
   "filings": 1,
   "latency_days": 21,
   "latest": [
    {
     "category": "corporate",
     "date": "2026-10-16",
     "source": "https://www.eqs-news.com/news/corporate/merkur-privatbank-agiert-auch-nach-neun-monaten-2026-mit-bedacht-in-einem-herausfordernden-umfeld/d99a6c10-a696-42b1-8393-496f98cd8c99_de",
     "title": "MERKUR PRIVATBANK agiert auch nach neun Monaten ...",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-10-16",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/MBK",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE0008148206"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/529900Y9V9S4JSXJZK89",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE0008148206)",
    "state": "sourced",
    "value": "529900Y9V9S4JSXJZK89"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "MERKUR PRIV.BK INH O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "MBK"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:0a627dd7996930939e27118fbe94950b81e762b11aa147726b1f5bf80ac3ae6c",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2024-12-09",
     "kind": "issuer-sponsored",
     "publisher": "Pareto Securities Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.merkur-privatbank.de/dokumente/upload/d08ec_Research_Bericht_09.12.2024.pdf",
     "state": "sourced",
     "title": "The two-pillar strategy pays off"
    },
    {
     "date": "2024-08-07",
     "kind": "issuer-sponsored",
     "publisher": "Pareto Securities Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.merkur-privatbank.de/dokumente/upload/268f0_Research-Bericht_07-08-2024.pdf",
     "state": "sourced",
     "title": "Steady as she goes"
    },
    {
     "date": "2024-03-26",
     "kind": "issuer-sponsored",
     "publisher": "Pareto Securities Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.merkur-privatbank.de/dokumente/upload/65df5_Research_Bericht_26.03.2024.pdf",
     "state": "sourced",
     "title": "Good 2023 results in a challenging market environment"
    },
    {
     "date": "2023-10-23",
     "kind": "issuer-sponsored",
     "publisher": "Pareto Securities Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.merkur-privatbank.de/dokumente/upload/59d93_Research_Bericht_23.10.2023.pdf",
     "state": "sourced",
     "title": "Good Q3 results above our forecast"
    },
    {
     "date": "2022-01-18",
     "kind": "issuer-sponsored",
     "publisher": "Pareto Securities Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.merkur-privatbank.de/dokumente/upload/c6e0e_Research_Bericht_18.01.2022.pdf",
     "state": "sourced",
     "title": "Upgrade to Buy, new TP EUR 17"
    },
    {
     "date": "2021-04-20",
     "kind": "issuer-sponsored",
     "publisher": "Pareto Securities Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.merkur-privatbank.de/dokumente/upload/eb629_Research_Bericht_20.04.2021.pdf",
     "state": "sourced",
     "title": "Good Q1 results above expectations"
    },
    {
     "date": "2019-08-29",
     "kind": "issuer-sponsored",
     "publisher": "Pareto Securities Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.merkur-privatbank.de/dokumente/upload/Research_Bericht_29.08.2019.pdf",
     "state": "sourced",
     "title": "Merkur Bank"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/MBK",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:0a627dd7996930939e27118fbe94950b81e762b11aa147726b1f5bf80ac3ae6c",
 "path": "/de/XETRA/MBK",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is MERKUR PRIV.BK INH O.N., listed on Xetra under ticker MBK, with ISIN DE0008148206 and LEI 529900Y9V9S4JSXJZK89. The security type is Corporate, the segment is DEUTSCHLAND, and the jurisdiction is Germany (Handelsregister HRB). The sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. The listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 1 filing in the twelve months to 2026-11-06, on 1 filing day, and the filing is of type corporate_news. The median gap between filing days is not on the record. Days from the latest filing to the record date are 21, the latest filing is dated 2026-10-16, and its type is corporate_news. The Xetra exchange median is 6 filings, a median cadence gap of 22.8 days, and a median latency of 5.5 days, across 419 issuers. The sector-peer comparison for DE is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Deloitte GmbH Wirtschaftsprüfungsgesellschaft. Its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, as this register has no lifecycle type map yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is determinable for all three client categories the chapter names: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien. Each carries signal ACM-200. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the investor-relations pages read for this issuer, so the count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 7 openly published research notes, all from Pareto Securities Research, dated 2024-12-09, 2024-08-07, 2024-03-26, 2023-10-23, 2022-01-18, 2021-04-20 and 2019-08-29.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "15 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/529900Y9V9S4JSXJZK89"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/MBK"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the auditor",
   "source": "https://www.merkur-privatbank.de/dokumente/upload/98998_Geschaeftsbericht_2025.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://www.merkur-privatbank.de/dokumente/upload/d08ec_Research_Bericht_09.12.2024.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.merkur-privatbank.de/dokumente/upload/268f0_Research-Bericht_07-08-2024.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.merkur-privatbank.de/dokumente/upload/65df5_Research_Bericht_26.03.2024.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.merkur-privatbank.de/dokumente/upload/59d93_Research_Bericht_23.10.2023.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.merkur-privatbank.de/dokumente/upload/c6e0e_Research_Bericht_18.01.2022.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.merkur-privatbank.de/dokumente/upload/eb629_Research_Bericht_20.04.2021.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.merkur-privatbank.de/dokumente/upload/Research_Bericht_29.08.2019.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/MBK"
  }
 ],
 "title": "MERKUR PRIV.BK INH O.N. (MBK) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}