MOSCOW (RNWire) - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and Novyi Registrator CJSC 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 Novyi Registrator CJSC, involving both electronic and paper-based forms, whenever Novyi Registrator CJSC 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 information cooperation contract was signed by NDC and Novyi Registrator CJSC on February 22, 2008. An agreement for completion of testing of the EDI system is dated June 3, 2008. The parties expect to transition to paperless interaction after the trial period.
About Novyi Registrator CJSC:
Novyi Registrator CJSC( www.newreg.ru) is a professional participant in the securities market specializing in the maintenance and storage of share registers (license #10-000-1-00339 issued by Russia’s Federal Commission for the Securities Market on March 30, 2006).
Currently the company supplies services to more than 770 joint stock companies. It has branches in Blagoveschensk, Vladivostok, Kursk, Ryazan, Cheboksary and Nizhny Novgorod.
Novyi Registrator CJSC is one of eight Russian registrars which took part in the reorganization of RAO UES of Russia as a registrar responsible for maintenance of the share register of Inter RAO UES OJSC.
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 and the Bank of Russia bond markets, more than 95% of transactions conducted in the corporate and regional bond markets, and stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% of sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. For 1Q 2008 the value of assets in storage was more than RUR4.2 trillion. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numbering agency, the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using direct accounts at Clearstream Banking S.A. and Euroclear Bank. It also holds accounts at the Central Depository of the Republic of Kazakhstan and the NDC of the Republic of Azerbaijan.
Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property of NDC are 46.7% and 39.3% respectively, and in the votes 50.2% 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 a stake in Depository Clearing Company CJSC (36.96 %) and in Settlement Depository Company CJSC (28.54%).
For further information about NDC: www.ndc.ru, or NDC Public Affairs Department: +7 495 232 0910,