The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and Vedenie Reyestrov Kompaniy CJSC (VRK), Yekaterinburg, 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 VRK, involving both electronic and paper-based records, whenever VRK 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 information cooperation contract was signed by NDC and VRK on 20 March, 2008. An agreement for completion of testing of the EDI system is dated 14 October, 2008. The parties plan to transition to paperless interaction after the trial period.
About VRK CJSC:
Vedenie Reyestrov Kompaniy CJSC (VRK) has provided the maintenance and storage of share registers since 1994 (license #10-000-1-00303 issued by Russia’s Federal Commission for the Securities Market on 12 March, 2004). VRK is a member of the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD). The company’s professional risks are insured by ROSNO OJSC to RUR40 million. As one of the largest specialized registrars, the company renders services to more than 400 issuers in Russia. It is headquartered in Yekaterinburg and has branches in Moscow, St. Petersburg, Tyumen, Kurgan, Chelyabinsk and Kemerovo. For maintenance of registers the company uses SVR Verecom software developed by VRK and certified by PARTAD.
Address: 28 Lenin Ave., Yekaterinburg, 620014.
For further information about VRK: www.vrk.ru , +7 343 377 6721
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, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vneshekonombank, ING Bank Eurasia, JP Morgan Bank International LLC, UniCredit, 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 Department: +7 495 232 0910, .