MOSCOW - The National Depository Center (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and the Professional Registration Center CJSC (PRC CJSC), a registrar, announced today their adoption of an electronic data interchange (EDI) system in their information interactions, following a trial.
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.
Oleg Savitsky, Director General, PRC CJSC, said: "Professional Registration Center is actively developing an EDI program in the course of its interactions with all its counterparties. The agreement with NDC will allow our company to make the next step towards the creation of an unified electronic information environment necessary for all stock market participants."
Nikolay Egorov, Director General, NDC, added: "NDC continues to follow its policy of expanding its service accessibility within the framework of interactions between infrastructural organizations. We are happy that Professional Registration Center has joined our EDI system."
PRC will enter records of transactions made in customer accounts of NDC acting as the 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 Professional Registration Center CJSC
Professional Registration Center CJSC specializes in the maintenance of registers on behalf of registered securities owners (license #10-000-1-00293 issued by Russia’s Federal Commission for the Securities Market on 13 January, 2004).
The company provides services to 609 joint stock companies and services over 3.2 million customer accounts.
The company has branches in Astrakhan, Vladimir, Yekaterinburg, Nizhny Tagil, Ivanovo, Irkutsk and Krasnodar.
More information about the company is available at www.profrc.ru.
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,