NDC and RIR Agency OJSC Begin EDI Trial
National Depository Center, Russia's biggest settlement depository, and Regional Independent Registrar Agency, a specialist registrar, have begun the trial use of an electronic data interchange system in their information interactions.
- (1888PressRelease) September 08, 2010 - MOSCOW - National Depository Center (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Regional Independent Registrar Agency OJSC (RIR Agency), a specialist registrar, have begun 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 RIR Agency, involving both electronic and paper-based records, whenever RIR Agency 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).
The parties plan to switch to paperless interaction after the trial period.
About NDC
National Depository Center (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing on-exchange and OTC transactions with all types 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, the majority of transactions with equities and also services UIT units and Eurobonds. 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 substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
About RIR Agency
Regional Independent Registrar Agency OJSC (RIR Agency) was founded on 22 December, 1995 to provide full range of services related to maintenance and storage of inscribed stock owners' registers (license #10-000-1-00261 issued by Russia's Federal Financial Markets Service for an unlimited term on 29 November, 2002). In March 2009 the company was reorganized by means of merger with R-Stinol OJSC, another Russia's registrar.
RIR Agency's authorized capital is RUB28.61 million; its internal funds calculated on basis of FFMS's method amounts to over RUB170 million.
RIR Agency is headquartered in Lipetsk; it has branches in Kirov, Livny, Orel, Tambov and Tula and representative offices in Bryansk and Smolensk.
The company provides services to over 600 issuers and maintains over 400,000 customer accounts.
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