NSD and Registrar DonFAO LLC Adopt EDI

06 November 2012
Print version

MOSCOW - National Settlement Depository (NSD), Russia's central securities depository, and Registrar DonFAO LLC (Registrar DonFAO), 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.

Registrar DonFAO 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 Registrar DonFAO, 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. 

About NSD

National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Service’s order on 6 November 2012.

NSD holds professional securities market participant license #177-12042-000100 for depository operations issued by the Russian Federal Financial Markets Service on 19 February 2009, and license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012.

Registered office: Building 8, 1/13, Sredny Kislovsky Pereulok, Moscow 125009, Russia.

Supplementary office "Krasnye Vorota": 12, Spartakovskaya St., Moscow 105066, Russia

For further information about NSD: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910, e-mail  

Follow us in Twitter: http://twitter.com/NSD_News 

About Registrar DonFAO

Registrar DonFAO LLC was formed in 1994 as the Donskoye Financial Joint Stock Company; it was a part of a pilot project aimed at development of a network of registrars held by KPMG in accordance with Russia-US inter-governmental agreement. In 1999 the company was reorganized as Registrar DonFAO LLC. 

This is one of biggest registrars in South Russia; it maintains registers of 300 joint stock companies with over 600,000 accounts.

In compliance with the agreement concluded with Russia's Ministry of Property (# 01-5/1109 dated 11 December 2003), Registrar DonFAO is entitled to maintain registers of state owned joint stock companies regardless of the size of the government stake in a company.

The company's liability risks are insured by VSK Insurance Company; the total cover is RUB2.5 million.

Registrar DonFAO's clients include major companies and financial organizations operating in the Rostov region and other regions of Russia's Southern Federal District. Among these companies are Gorizont, Rostovenergoremont, Magnit, Donvivest Group's and Yug Rusi Group's companies, former voucher funds Rosif, Donskoy Kapital, Donbank, Privat-Invest.

Registrar DonFAO provides complex services including dividend calculation and payment, preparation and organization of general meetings of shareholders; the company represents issuers and investors in corporate disputes.

The company is headed by Tatyana Chumakova.

For further information about Registrar DonFAO: http://www.donfao.ru/,

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