MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Sibirsky Reyestr Inter-Regional Specialized Financial Industrial Registrar OJSC (Sibirsky Reyestr) 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 Sibirsky Reyestr, 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.
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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Reyestr
Sibirsky Reyestr Inter-Regional Specialized Financial Industrial Registrar OJSC (Sibirsky Reyestr) was registered on 14 December 1995. The company maintains registers of registered securities owners (license #10-000-1-00311 issued by Russia's Federal Financial Markets Service on 19 March 2004 for an unlimited term).
Sibirsky Reyestr is a registrar authorized by the Federal Property Management Agency. It is a member of the Professional Association of Registrars, Transfer-Agents, and Depositories (PARTAD).
Currently Sibirsky Reyestr is one of the biggest registrars in Russia with a wide network of branches and transfer agents. It provides services to over 500 issuers from St. Petersburgh to the Sakhalin and from the Tyumen region to the Krasnodarsky region. The number of the shareholders included in the serviced issuers' registers exceeds 300,000.
There are a number of major companies among Sibirsky Reyestr's customers: NEVZ-Soyuz Holding Company OJSC, Electrosignal CJSC, Soyuz OJSC, Severnaya Verf OJSC, Primorsk Shipping Corporation OJSC, Vladivostok Sea Fishing Port OJSC, Amurgas OJSC and Angarsk Construction Department OJSC.
The company's specialists holding qualification certificates issued by FFMS provide services to issuers and registered persons.
Sibirsky Reyestr's equity capital stands at more than RUB150 million. The company's operations and risks are insured by Ingosstrakh Insurance Company pursuant to the PARTAD Insurance Program.
For further information about Sibirsky Reyestr: http//www.sibreg.ru, tel.+7 383 315 3647/346 3017,