MOSCOW (RNWire) - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and Reyestr OJSC, a specialized registrar, have signed a protocol on the trial use of an electronic data interchange (EDI) system in their information interactions.
This experimental mode envisages cooperation between NDC as a nominal shareholder and Reyestr OJSC, involving both electronic and paper-based forms, whenever Reyestr OJSC creates records of its operations and submits its accounts data to NDC. Cooperation between the participants is powered by the workplace software SED NDC (Luch).
An information cooperation contract was signed by NDC and Reyestr OJSC on July 20, 2007. An agreement for completion of testing of the EDI system is dated 22 Feb., 2008, and the parties will then transition to paperless interaction after a period of experimental use.
About Reyestr OJSC:
Reyestr OJSC was founded in 1993. The company has 24 branches connected through a unified information system. The branches are located in 20 Russian regions.
Reyestr OJSC (license #10-000-1-00254 issued by Russia’s Federal Commission for the Securities Market on 13 Sept., 2002) provides a full range of services to joint stock companies. The services include maintenance and storage of share registers including implementation of all types of share register operations, information services and arrangement of dividend payments.
The company’s equity capital exceeds RUR110 million. Since 1997 Reyestr OJSC has been included in the list of leading Russian registrars issued by PARTAD.
To date the number of issuers serviced by Reyestr OJSC is more than 1,650.
About NDC:
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of equity securities of Russian issuers. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 95% of transactions conducted in the corporate and regional bond markets, and stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% of sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. For 2007 the value of assets in storage was more than RUR4.3 trillion. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numerating agency, the substituting numerating agency for the CIS, authorized to assign the international ISIN and CFI codes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using direct accounts at Clearstream Banking S.A. and Euroclear Bank. It also holds accounts at the Central Depository of the Republic of Kazakhstan and the NDC of the Republic of Azerbaijan.
Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property are 46.7% and 39.3% respectively, and in the votes 50.2% and 42.3% respectively). Members include GPB OJSC (Gazprombank), Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vneshekonombank, ING Bank Eurasia, JP Morgan Bank International LLC, UniCredit, Deutsche Bank, and Sberbank of Russia. The Partnership also has a stake in Depository Clearing Company CJSC (36.96 %) and in Settlement Depository Company CJSC (29%).
For further information about NDC: www.ndc.ru, or NDC Public Affaires Department: +7 495 232 0910, .