MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and the Belgorod Branch #2 of Recom Specialized Registrar LLC (Recom's BB #2), 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 Recom's BB #2, 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 parties are to switch to paperless interaction after the trial period.
About NSD
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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About Recom Specialized Registrar LLC:
Recom Specialized Registrar LLC was formed on 29 December 1995. A license for maintenance of registers of registered securities holders had been received by the company on 18 October 1996; according to Russian laws, the license was extended on 16 April 2004 (license #10-000-1-00316 issued for an unlimited term).
In 1996, Recom SR joined the Professional Association of Registrars, Depositories and Transfer Agents (PARTAD).
The company's equity capital stands at RUB192,911,445 as of 30 June 2012; it is mostly represented by cash.
Recom SR meets Russian Federal Financial Markets Service's requirements to registrars, including the use of newest technologies, modern equipment and certified software. The company's specialists hold FFMS's certificates allowing to work in securities markets. Recom SR implements its ongoing program of personnel development.
The company's Belgorod Branch #2 is headed by Igor Ivanov.
For further information about Recom SR:http://reg-rekom.ru/,