16 August 2005, NLU and NDC organized meeting on EDI management on Russian mutual investments market

17 August 2005
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On 16 August 2005, Not-for-Profit Partnership "The National Depository Center" (NDC) and the Self-Regulating Organization Not-for-Profit Partnership "National League of Management Companies of Russia" (NLU) organized and held the Meeting of representatives of the mutual investment funds managing companies, specialized depositories and specialized registrars.  The Meeting addressed the issues of electronic document interchange (EDI) between participants of the Russian mutual investments market (document types, formats of the documents and technologies applied in EDI), perspectives for EDI application in the mutual investments market and standardization of the electronic documents formats.  At the Meeting participants were suggested to use the services for electronic document interchange via NDC EDI system.

The Meeting was attended by the representatives of OOO ROSBANK Management Company, ZAO Troika Dialog Management Company, OOO Alfa-Capital Management Company, ZAO United Financial Group INVEST, ZAO PIOGLOBAL Asset Management, ZAO United Depository Company, ZAO NRC, OAO SPETsDEP, OOO Depository IRCOL, ZAO PRSD (First Registered Specialized Depository), Management Company "DWS Investment", as well as by NLU and NDC's representatives.

The Meeting Attendees resolved to establish a Working Group consisting of the representatives of the leading management companies, specialized depositories and specialized registrars, NLU, PARTAD and NDC.

The urgent missions for the Working Group were defined as follows: development of the list of documents, used in the electronic document interchange in different segments of the mutual investments market; determination within each of the document groups which of the documents could be and should be standardized. The results of the Working Group's effort shall be: creation of the standards (formats) of the documents, which the participants will use in the electronic document interchange on the mutual investments market.

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