MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and a registrar Center-Invest Registration Company CJSC (Center-Invest) have begun the trial use of an electronic data interchange (EDI) system in their information interactions.
This experimental mode envisages cooperation between NSD as a nominal shareholder in securities owners' registers and Center-Invest, involving both electronic and paper-based records, whenever the registrar creates records of its operations and submits its accounts data to NSD. Cooperation between the participants is powered by the workplace software SED NSD (Luch).
The companies signed the EDI agreement on 7 March 2012.
The parties plan to switch to paperless interaction after the trial period.
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX-RTS Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.
NSD 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, the majority of transactions with equities and also services UIT units and securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.
NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
For further information about NSD: http://www.nsd.ru/ , or NSD Public Affairs Division: +7 495 232 0910,
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About Center-Invest RC CJSC
Center-Invest Registration Company CJSC (Center-Invest) is a specialized registrar operating on the basis of a license #№ 10-000-1-00300 issued on 2 March 2004.
For further information about Center-Invest: http://www.centr-invest.ru/, + 7 495 544 0311/12/13/15, +7 499 729 5471/5704,