NDC and Reyestr-RN LLC Begin EDI Trial

12 January 2010
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“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 Reyestr-RN LLC, a specialist registrar, 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 Reyestr-RN, involving both electronic and paper-based records, whenever Reyestr-RN 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 agreement for information interactions was signed by NDC and Reyestr-RN on 12 January, 2010. The parties plan to switch to paperless interaction after the trial period.

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”, CB “J.P. Morgan Bank International” (LLC), ZAO UniCredit Bank, Deutsche Bank Ltd, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%) and in Settlement Depository Company CJSC (28.54%).

For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,

About Reyestr-RN:

Reyestr-RN LLC, a specialist registrar, has supplied the maintenance and storage of inscribed stock owners' registers since 28 December, 2000 (license #10-000-1-00330 issued by Russia’s Federal Financial Markets Service for an unlimited term on 16 December, 2004).  

Reyestr-RN is a member of the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD). It holds a Certificate of compliance with Standards of Registrar Activities.

The company provides services to 659 issuers including Rosneft which has its shares listed in MICEX.

Reyestr-RN has branches in Belgorod, Yaroslavl, Vladimir, Khabarovsk, Krasnodar, Tambov, Samara and Cheboksary.

For further information about Reyestr-RN: www.reestrrn.ru.

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