NDC and “Specialized Registrar Reestr-Servis" CJSC Begin Trial Use of EDI
MOSCOW (RNWire) - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and “Specialized Registrar Reestr-Servis" CJSC (Reestr-Servis), have begun the trial use of an electronic data interchange (EDI) system in their information interactions.
This experimental mode covers cooperation between NDC as a nominal shareholder and Reestr-Servis, involving both electronic and paper-based forms, whenever Reestr-Servis 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 agreement was signed by NDC and Reestr-Servis on 5 May, 2008. An agreement for completion of testing of the EDI system is dated 24 June, 2008. The parties expect to switch to paperless interaction after the trial period.
About “Specialized Registrar Reestr-Servis" CJSC
“Specialized Registrar Reestr-Servis" CJSC (Reestr-Servis) (license #10-000-1-00312 issued by Russia’s Federal Commission for the Securities Market on 30 March, 2004 for an unlimited term) has provided maintenance and storage of share registers on behalf of securities owners since 1994. Currently the number of joint stock companies serviced by Reestr-Servis is more than 440. The company is headquartered in Moscow with branches in St. Petersburg and Murmansk.
Reestr-Servis is one of eight Russian registrars which took part in the reorganization of RAO UES of Russia as a registrar responsible for maintenance of the share register of Inter RAO UES OJSC.
More information of Reestr-Servis is available at http://www.reestrservis.ru
About NDC (National Depository Center)
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of debt and equity securities of Russian issuers. NDC 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, and more than 99% of stock exchange transactions with equities and OTC trades. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property of NDC are 46.67% and 39.35% respectively, and in the votes 50.16% 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. The Partnership also has stakes in Depository Clearing Company CJSC (37.29%), in Settlement Depository Company CJSC (28.54%) and in Bank "National Clearing Centre" CJSC (0.27%).
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