NDC and NRC signed agreement on trial operation of NDC EDI system

02 May 2006
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Not-for-Profit Partnership “The National Depository Center” and Closed Joint-Stock Company “THE NATIONAL REGISTRY COMPANY” (NRC) singed agreement on electronic document interchange in the course of operations on NDC’s account at the issuer registers, maintained by NRC ZAO in trial mode.

NDC CEO Nikolay Egorov noted that ‘after CJSC “THE NATIONAL REGISTRY COMPANY” joins NDC EDI the number of operations on NDC accounts at securityholders registers processed in electronic format will reach 35-40% of total number of NDC’s external depository operations of that type’.

During the trial mode the technology of companies’ work and software will be given final test under conditions close to real situation. After successful completion of the testing phase paper copy of electronic documents will be issued only in cases provided for in the current regulations under conditions set in the relevant agreements between companies.

Reference:

CJSC “THE NATIONAL REGISTRY COMPANY” is an independent registrar, maintains register of registered securities holders since 1995.

NRC was founded by Computershare Group of Companies (transnational registrar), which holds 45% stake in the shareholders capital, European Bank for Reconstruction and Development (EBRD) – 15%, Rosbank – 20% and URALSIB Financial Corporation – 20%. Shareholders capital equals to USD10 million. Insurance policy of ROSNO reinsured with Kцlnische Rьckversicherungs-Gesellschaft AG (now Gen Re) provides insurance coverage of USD5 million.

NRC services more than 550 clients (more than 3,000,000 shareholder accounts). NRC client base is very diversified. It is represented by companies of various sizes from different industries. NRC maintains not only registers of holders of registered share but also register of unit investment funds shareholders.

Additional information about NRC can be obtained at www.nrcreg.ru.

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