MOSCOW - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Interregional Registrar Center OJSC (IRC) announced today their adoption of an electronic data interchange (EDI) system in their information interactions, following a trial. The switch to a unified standard in information exchange will allow accelerated operations and settlements, reduced risk of error, increased operational efficiency and enhanced confidentiality.
IRC will enter records of transactions made in customer accounts of NDC acting as a nominal holder, provide information on NDC’s customer accounts opened in registers, and cooperate with NDC, which is a nominal shareholder in the registers held by IRC, on the basis of electronic data. Paper copies of electronic data will only be provided where required by current Russian Federation legislation, on terms determined by corresponding agreements of the parties.
About IRC
Interregional Registrar Center OJSC (IRC), a professional player in the securities market, was founded in July 1993. The company holds a License for register administration services (No.10-000-1-00274 dated Dec. 24, 2002) issued by the Federal Commission for the Securities Market of the Russian Federation with unrestricted duration. IRC has been a member of the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD) since 1997. The Center has a branch network with offices in Ulan-Ude, Abakan, Nizhny Novgorod, Krasnoyarsk, Arzamas, St. Petersburg, Tula and Krasnodar.
The company provides services to more than 557 joint stock companies including 92 companies with more than 500 registered shareholders located in various Russian regions. The company’s registered securities system includes over 400,000 customer accounts.
IRC’s professional risks are insured by Ingosstrakh Insurance Company Ltd.
The registrar’s material and technological base and highly qualified personnel correspond with the latest requirements of stock market systems.
For further information about IRC: www.mrz.ru
About NDC
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, and more than 99% of stock exchange transactions with equities and OTC trades. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property of NDC are 46.67% and 39.35% respectively, and in the votes 50.16% and 42.3% respectively). Members include GPB OJSC (Gazprombank), Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vnesheconombank, ING Bank Eurasia, JP Morgan Bank International LLC, UniCredit, Deutsche Bank, and Sberbank. The Partnership also has stakes in Depository Clearing Company CJSC (37.29%), in Settlement Depository Company CJSC (28.54%) and in Bank "National Clearing Centre" CJSC (0.27%).
For further information about NDC: www.ndc.ru, or NDC Public Affairs Department: +7 495 232 0910, .