A separator plate for an electrochemical system has two metal individual plates. The plates have passage openings for operating media and possibly coolant, and distribution structures. The distribution structures are formed in the metal individual plates and which each communicate with at least two of the passage openings. A peripherally extending sealing structure is formed in each of the metal individual plates at least peripherally around the electrochemically active region and at a distance therefrom and/or peripherally around at least one of the passage openings and at a distance from the edge thereof. The cross-section of the sealing structure has a bead roof, two bead flanks, and at least in some segments, two bead feet. At least in the region of the bead roof of the sealing structure at least in some segments, the sealing structure extends sinuously with at least two wave periods having convex and concave segments.