The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Tsentralnaya Registratura OJSC (Ufa), a specialist registrar, announced today their adoption of an electronic data interchange (EDI) system in their information interactions, following a trial.
The switch to a unified standard in information exchange will allow accelerated operations and settlements, reduced risks of error and fraud, increased operational efficiency and enhanced confidentiality.
Alexander Abramov, General Director, Tsentralnaya Registratura OJSC, said: “Our company strives to keep up with the times, so we were enthusiastic about NDC’s suggestion to switch to EDI. Interactions with such an important partner as NDC will enhance the development and improvement of information technologies used by our organization.”
Nikolay Egorov, NDC Director, added: “Availability of services is one of NDC’s core corporate values. It is very important for us that one more regional registrar has joined our EDI system.”
Tsentralnaya Registratura OJSC 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 Tsentralnaya Registratura OJSC:
Tsentralnaya Registratura OJSC is a specialized registrar, a professional participant in the securities market, and a part of PARTAD. It acts on the basis of a license #10-000-1-00283 issued by Russia’s Federal Financial Markets Service on 4 February, 2003.
The company provides a full range of services in the maintenance and storage of share registers on behalf of securities owners. Moreover the company also provides a complex of services related to technical support for the preparation and conduct of general meetings of shareholders, fulfillment of audit commission functions, distribution of the issuer’s information to shareholders including ballots.
Tsentralnaya Registratura OJSC is headquartered in Ufa; it has branches in Sterlitamak and Neftekamsk, two other large cities in Bashkortostan.
More information about Tsentralnaya Registratura OJSC: +7 347 248 1233, +7 347 248 1237, , www.centralregistry.ru
About NDC:
Not-for-Profit Partnership “The National Depository Center” 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 founders are MICEX and Bank of Russia (the founders’ shares in the property of NDC are 46.67% and 39.35% respectively, and in the votes 50.16% and 42.3% respectively). Members include GPB OJSC (Gazprombank), Evrofinans Mosnarbank, «ROSBANK» (OJSC JSCB), JSC VTB Bank (Vneshtorgbank), Bank of Moscow, JSC «ROSSIYSKIY KREDIT BANK, Vnesheconombank, ING BANK (EURASIA) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, Deutsche Bank, and Sberbank. The Partnership also 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, .