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 Specialized Registration Company Region LLC (SRC Region) 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 SRC Region, involving both electronic and paper-based records, whenever SRC Region 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 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
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
In accordance with agreements concluded between NSD and the Bank of
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 SRC Region
Specialized Registration Company Region LLC (SRC Region) was registered on 7 May, 2002, by
The company's authorized capital amounts to RUB120 million; a sum of its equity exceeds RUB111 million.
Currently SRC Region maintains over 300 registers of joint stock companies from various regions of Russia; among the company's clients are large, medium and minor sized companies representing different sectors such as manufacturing, trade, agriculture, health resort industry.
The company is headquartered in
For further information about SRC Region: http://www.srkregion.com/, tel. +7 4872 307643/44, email ,