OREANDA-NEWS. March 6, 2008. 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.