MOSCOW - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and Closed Joint-Stock Company “Surgutinvestneft” have begun experimental use of an electronic data interchange (EDI) system in their information interactions. The use of EDI with Surgutinvestneft within the framework of NDC’s project for development of EDI with registrars will provide for an increase in the NDC’s aggregate share of EDI operations with joint-stock companies’ registers by 1.5%.
This experimental mode envisages cooperation between NDC as a nominal shareholder and Surgutinvestneft involving both electronic and paper-based forms whenever Surgutinvestneft makes records of its operations and submits its accounts data to NDC. Cooperation between the participants is powered by the client’s workplace software SED NDC (Luch).
A information cooperation contract was signed by NDC and Surgutinvestneft on May 24, 2007. An agreement for completion of testing of the EDI system is dated July 25, 2007, and the parties will then transition to paperless interaction after a period of experimental use.
About Surgutinvestneft CJSC:
Closed Joint-Stock Company Surgutinvestneft is a professional player in the securities market. The company offers register administration services for securities owners (such as fixation, processing, storing, and provision of data comprising a system of register administration for securities owners). This activity is performed by the company under License №10-000-1-00324 with unrestricted duration.
Clients which have entrusted the administration of their registers to Surgutinvestneft include the following joint-stock companies: Surgutneftegaz, Surgutneftegazbank, Ob-Irtyshskoye River Steamship Lines, Khantymansiyskgeofizika, Zavodoukovsky Machine Works, Tyumen River Port, UTair Airlines, Tyumenenergobank, Lennefteprodukt.
The chartered capital is 5,500,000 rubles.
The insurer is Insurance Company Surgutneftegaz, the insurance amount is 15,000,000 rubles.
Surgutinvestneft has a branch network with offices in Moscow, Tiumen, Kirishi.
For more information on the activities of Surgutinvestneft CJSC visit: www.sineft.ru
Contact telephone numbers:
Surgut (3462) 421174, Moscow (495) 624-82-56, Tiumen (3452) 46-35-57, Kirishi (81368) 5-42-46
E-mail:
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. In 2006 the value of assets in storage was RUR 3.3 billion, turnover was RUR 30.7 billion, and the total number of operations 1.9 million. 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 a direct account at Clearstream Banking S.A.
Among NDC’s founders are Bank of Russia and MICEX (the founders’ shares in the propery are 46,7% и 39,3% respectively, and in the votes 50,2% и 42,3% respectively). Members include Bank of Moscow, Sberbank, International Moscow Bank, JP Morgan Bank International LLC, VTB Bank (Vneshtorgbank), Vneshekonombank, Rossiysky Credit Bank, Evrofinans Mosnarbank, Rosbank, Gazprombank, ING Bank Eurasia, and Deutsche Bank. Recently Vneshekonombank was approved as a new member. The Partnership also has a stake in Depositary Clearing Company CJSC (36.96 %) and in Settlement Depository Company CJSC (29%).
For more information about Surgutinvestneft CJSC visit: www.sineft.ru or Surgutinvestneft’s press service: Surgut (3462) 421174, Moscow (495) 624-82-56, Tiumen (3452) 46-35-57, Kirishi (81368) 5-42-46; E-mail:
For further information about NDC: www.ndc.ru, or NDC press service: +7 495 232 0910, .