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 Registration Depository Center CJSC (RDC) have announced the full launch of an electronic data interchange (EDI) system in their information interactions on a paperless basis.
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 and in the depository record keeping system, decreased risks of error and fraud, increased operational efficiency and processing of securities owners' lists in the course of corporate actions and enhanced protection of confidential information.
RDC will enter records of transactions made in customer accounts of NSD acting as a nominal holder and will provide information on NSD’s customer accounts opened in registers maintained by RDC, on the basis of electronic data. Paper copies of the electronic documents will only be provided where required by current legislation of the Russian Federation, on terms determined by corresponding agreements of the parties.
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the Moscow Exchange 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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Registration Depository Center CJSC (RDC) is a professional participant of Russian securities market providing register maintenance services to registered securities holders since 1994 (license #10-000-1-00307 issued by FFMS on 17 March 2004 for an unlimited term). The same year the company joined the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD) as a full member. The company's equity capital stands at RUB100 million, it has an expanded network with branches in Moscow, St. Petersburg, Pushkin (Leningrad region), Yekaterinburg and Kamensk-Uralsky (Sverdlov region). Currently the company provides services to over 300 joint stock companies.
For further information about RDC: http://www.rdc-karelia.ru/,