MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Sibir Registration Company CJSC, Russian registrar, 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 and Sibir Registration Company, involving both electronic and paper-based records, whenever Sibir Registration Company 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 MICEX 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: www.nsd.ru , or NSD Public Affairs Division: +7 495 232 0910,
About Sibir Registration Company
Sibir Registration Company CJSC (SRC) was registered on 28 December, 1995 in Novokuznetsk to provide full range of services related to maintenance and storage of inscribed stock owners' registers (license #10-000-1-00315 issued by Russia’s Federal Financial Markets Service for an unlimited term on 16 April, 2004).
SRC is a member of the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD).
The company provides services to over 566 issuers including Raspadskaya OJSC which shares are traded in MICEX and RTS. SRC has branches in Moscow, Novosibirsk, Ivanovo, Kemerovo, Barnaul, Mezhdurechensk, Yakutsk and Irkutsk.
SRC's equity calculated on basis of FFMS's method amounts to over RUB140 million.
The company’s professional risks are insured by Ingosstrakh Insurance Company with RUB100 million annual insurance cover.
For further information about SRC: www.zao-srk.ru