MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Registrar DonFAO LLC (Registrar DonFAO), 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 Registrar DonFAO, 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 plan to switch to paperless interaction after the trial period.
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 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/,