MOSCOW (RNWire) - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and Novyi Registrator CJSC announced today their switch to an electronic data interchange (EDI) system in their information interactions, following a trial. EDI implementation helps to reduce the time required for operations with registers, to decrease the risk of errors, to increase effectiveness in the collection of a register of securities owners during corporate actions, and to provide for confidentiality in the course of information exchanges between the two parties.
Novyi Registrator CJSC will enter records of transactions made in NDC accounts, provide information on NDC accounts, and cooperate with NDC, which is its nominal shareholder, on the basis of electronic data. Paper copies of the electronic data will only be provided where envisaged by current Russian Federation legislation, on terms determined by corresponding agreements of the parties.
About Novyi Registrator CJSC
Novyi Registrator CJSC(www.newreg.ru)is a professional participant in the securities market specializing in the maintenance and storage of share registers (license #10-000-1-00339 issued by Russia’s Federal Commission for the Securities Market on March 30, 2006).
Currently the company supplies services to more than 770 joint stock companies. It has branches in Blagoveschensk, Vladivostok, Kursk, Ryazan, Cheboksary and Nizhny Novgorod.
Novyi Registrator CJSC 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.
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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