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 RDC PARITET CJSC (RDC PARITET) 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 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 confidentiality in the course of information exchange between two organizations.
RDC PARITET 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 PARITET, on the basis of electronic data. Paper copies of the electronic documents 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-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 RDC PARITET
RDC PARITET CJSC is a licensed registrar providing services related to maintenance of securities register (license number10-000-1-00294). The company holds a certificate #005-Р issued by PAU CFO, a self-regulating organization of insolvency officers of Russia's Central Federal District, confirming the company's inclusion in the register of professional participants of securities market specializing in maintenance of securities registers.
The company is headquartered in Moscow and has three branches in Kholmsk, the Sakhalin region, Makhachkala and Ulyanovsk. It provides services to over 500 issuers and manages approximately 250,000 client accounts.
RDC PARITET's equity capital stands at RUB128,639,800 as of 29 February 2012. The company's professional activities in the securities market are covered by the insurance policy. RDC PARITET uses LIANA 2000, a unique software developed on the basis of the Oracle database and certified by the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD).
For further information about RDC PARITET: http://www.paritet.ru/