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 REGISTRONIKS CJSC (REGISTRONIKS) 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.
REGISTRONIKS 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 REGISTRONIKS, 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 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 REGISTRONIKS
REGISTRONIKS is a specialized registrar operating in Russia's stock market since 1994. This is one of 25 biggest Russian companies providing register maintenance services.
The newest computer network, efficient equipment and professional information protection systems allow the company to service the customers, develop and expand the range of activities.
REGISTRONIKS is expanding its presence in Russian regions. The company's branches operate in St. Petersburg, Tomsk and Tula. The central office with a network of branches provides services to the customers from more than 30 Russian regions. The company plans to expand its network of branches and transfer agents in future. All branches operate on the basis of the universal technology.
REGISTRONIKS is a member of the Professional Association of the Registrars, Transfer Agents and Depositories (PARTAD). The company's operations are insured by Russia's biggest insurance company Ingosstrakh. On 24 December 2002, Russian Federal Financial Market Service issued a license for register maintaining services to REGISTRONIX; the licence's term is unlimited.
In 2009 REGISTRONIKS won a prize “For Risk Management” in a Professional Contest “Infrastructural Institute-2011.”
Currently the company maintains over 245,000 accounts of the registered securities holders.
For further information about REGISTRONIKS: http://www.registronics.ru/, or +7 495 639 9408/09, or .