The use of EDI will allow accelerated operations, reduced risks of error and fraud, increased operational efficiency and enhanced confidentiality in the course of information exchange.
ORC will enter records of transactions made in customer accounts of NDC acting as a nominal holder and provide information on NDC’s customer accounts opened in registers, 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 Open Registration Company OJSC:
Open Registration Company (ORC) OJSC (license #10-000-1-00314 issued by Russia’s Federal Commission for the Securities Market for an unlimited term) has provided maintenance and storage of share registers on behalf of securities owners since 1996. ORC is a member of PARTAD. It is headquartered in Moscow with branches in Volgograd, Voronezh, Krasnodar, Omsk, Penza, Rostov-on-Don, Tambov, Samara, St. Petersburg and Cheboksary. The company’s professional risks are insured by Ingosstrakh to RUB80 million.
To date the number of joint stock companies serviced by ORC is more than 900. Securities of a number of ORC’s clients are traded on both Russian and international stock exchanges.
About NDC:
"The National Depository Center" (Closed Joint Stock Company) 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 shareholders are MICEX (50,1727% of shares), Bank of Russia (42,2997% of shares) as well as GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, ROSBANK (OJSC JSCB), JSC VTB Bank, Bank of Moscow, JSC Rossiyskiy Kredit Bank, Vnesheconombank, ING Bank (Eurasia) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, Deutsche Bank, and Sberbank. NDC 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 Division: +7 495 232 0910,