MOSCOW - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today the launch of operational testing of an electronic document exchange system with Central United Registrar CJSC.
The contract governing implementation of the system covers all information shared between NDC and Central United Registrar was concluded on 16 February. This document provided for an agreement on operational testing of the electronic documents exchange system which was signed on 21 May. After completion of operational testing the companies will switch to full electronic interactions.
The operational testing regime covers Central United Registrar records on operations involving NDC personal accounts, information on the status of NDC personal accounts, and also interaction between the two companies either in electronic and paper form. The companies are using software developed by NDC under the LUCH brand.
About NDC:
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of equity securities of Russian issuers. It services 100% of transactions conducted in the federal bond market of the Bank of Russia, 95% conducted in the corporate and regional bond markets, and 90% of stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. In 2006 the value of assets in storage was RUR 3.3 billion, turnover was RUR 30.7 billion, and the total number of operations 1.9 million. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numerating agency, authorized to assign the international ISIN and CFI indexes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using a direct account at Clearstream Banking S.A.
Among NDC’s founders are Bank of Russia and MICEX CJSC. Members include Bank of Russia, MICEX CJSC, OJSC Bank of Moscow, Sberbank, International Moscow Bank, JP Morgan Bank International LLC, Vneshtorgbank OJSC, Bank Rossiysky Credit OJSC, Evrofinans Mosnarbank OJSC, Rosbank, Gazprombank CJSC, ING Bank Eurasia CJSC and Deutsche Bank LLC. Recently Vneshekonombank was approved as a new member. The Partnership also has a stake in CJSC Depositary Clearing Company (36.96 %) and in CJSC Settlement Depository Company (29%).
About Central United Registrar:
Central United Registrar CJSC is a modern specialized registrar providing registration and protection of legal rights and interests of investors in the stock market. The company’s authorized capital is RUR45 million. The company is insured for US$1 million by ROSNO.
Further information:
NDC press department: +7 495 232 0910,
Central United Registrar: +7 495 787 4483, , web site http://regcor.ru/