On 3 June 2016, National Settlement Depository (NSD), Russia’s central securities depository, held the third seminar entitled, “Topical Issues of Corporate Actions Reform”, which focused on work with NSDirect, the upgraded web office. Representatives of the depository’s clients who use this service to interact with the CSD when processing corporate actions were invited to take part in the event.
The company’s experts presented the new technology for corporate action processing which will be used starting 1 July 2016. The specifics of interactions with NSDirect were explained via examples; seminar participants saw how it worked and learned about its advantages.
NSDirect, the web office, is a part of the depository’s EDI system. It provides market participants with an opportunity to interact electronically and use the interface for inputting information based on NSD’s specialized browser. NSDirect has an intuitive interface and allows data to be exchanged in real time using the Internet browser. NSDirect’s safety is guaranteed by the newest cryptographic and data encryption facilities.
Detailed information on corporate actions reform, as well as on innovations, legal aspects, and technologies implemented as part of this process is available at corpactions.ru/en/.