MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Kazan Branch of Eurasian Registrar LLC (ER's Kazan branch) announced today their adoption of an electronic data interchange (EDI) system in their information interactions.
The use of EDI technology will allow accelerated document interchange and processing in the course of operations conducted in the registers of inscribed securities holders, decreased risks of error and fraud, increased operational efficiency and processing of securities owners' lists in the course of corporate actions and enhanced confidentiality in the course of information exchange between two organizations.
ER's Kazan branch will enter records of transactions made in customer accounts of NSD acting as a nominal holder and provide information on NSD’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 NSD
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX 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: www.nsd.ru , or NSD Public Affairs Division: +7 495 232 0910,
About Eurasian Registrar LLC
Eurasian Registrar LLC (license #10-000-1-00332 issued by Russia’s Federal Financial Markets Service on 10 March, 2005) is an inter-regional specialized registrar created by joint efforts of the Central Registrar of Tatarstan Republic OJSC (Kazan) and Eurasian Regional Depository (Izhevsk). In 2009 the company became the biggest registrar in Volga region; it opened few branches in Kazan, Naberezhnye Chelny, Nizhnekamsk and Almetyevsk on basis of two specialized registrars (Inter-Regional Registration Company and Aktsionerny Capital).
For further information about Eurasian Registrar: +7 843 236 9315, e-mail: