The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and JSC "DRAGa", a specialist registrar, have begun the trial use of an electronic data interchange (EDI) system in their information interactions.
This experimental mode envisages cooperation between NDC as a nominal shareholder and JSC "DRAGa", involving both electronic and paper-based records, whenever JSC "DRAGa" creates records of its operations and submits its accounts data to NDC. Cooperation between the participants is powered by the workplace software SED NDC (Luch).
An agreement for completion of testing of the EDI system was signed by NDC and JSC "DRAGa" on 24 October, 2008. The parties plan to switch to paperless interaction after the trial period.
About JSC "DRAGa":
The company “Specialist Registrar – Register of Gas Industry Shareholders” JSC (JSC "DRAGa") has supplied the maintenance and storage of share registers since 1994 (license #10-000-1-00291 issued by Russia’s Federal Commission for the Securities Market on 26 December, 2003). JSC "DRAGa" has been a member of the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD) since 1996. The company is one of the largest specialist registrars in Russia. It provides services to more than 530 issuers.
The company’s professional risks are insured by Ingosstrakh IJSC and Capital Insurance OJSC (co-insurance of risks) to RUR50 million.
JSC "DRAGa" is headquartered in Moscow. The company has branches in Volgograd, Ivanovo, Kazan, Korolyov, St. Petersburg and Saratov.
For further information about JSC "DRAGa": +7 495 719 3930, www.draga.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, Vneshekonombank, 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, .