The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and St. Petersburg Central Registration Company (PCRC) CJSC have begun trial use of an electronic data interchange (EDI) system in their information interactions.
The trial mode covers PCRC records on operations involving NDC accounts, information on the status of NDC accounts, and interaction between the companies in electronic and paper form. Cooperation between the participants is powered by the NDC-developed Luch client software.
An information cooperation contract was signed by NDC and PCRC on October 26, 2007. An agreement for completion of testing of the EDI system is dated December 14, 2007, and the parties will transition to full paperless interaction after a period of experimental use.
About PCRC CJSC
PCRC CJSC is a professional player in the securities market. The company offers register administration services for securities owners from 1994. This activity is performed by the company under License №10-000-1-00262 dated 3 December, 2002 issued by the Federal Commission for the Securities Market of the Russian Federation with unrestricted duration. PCRC CJSC is authorized as a registrar by Russia's Property Ministry (license #8 dated 10 April 2001). PCRC CJSC is a member of Professional Association of Registrars, Transfer Agents and Depositories (PARTAD), a member of Leningrad Regional Trade and Industry Chamber. The company is headquartered in St, Petersburg. PCRC CJSC has a branch network with offices in Moscow, Novgorod, Pskov, Smolensk.
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, 95% conducted in the corporate and regional bond markets, and 90% of 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 the first nine months of 2007 the value of assets in storage was more than RUR4 trillion, securities turnover was more than RUR40 trillion. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numerating agency, the substituting numerating agency for the CIS, authorized to assign the international ISIN and CFI indexes. 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 are 46.7% and 39.3% respectively, and in the votes 50.2% and 42.3% respectively). Members include GPB OJSC, Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vneshekonombank, ING Bank Eurasia, JP Morgan Bank International LLC, International Moscow Bank, Deutsche Bank, and Sberbank of Russia. The Partnership also has a stake in Depositary Clearing Company CJSC (36.96 %) and in Settlement Depository Company CJSC (29%).
For further information about NDC: www.ndc.ru, or NDC Public Affaires Department: +7 495 232 0910, .