OREANDA-NEWS. April 17, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and Open Registration Company OJSC (ORC), 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 ORC, involving both electronic and paper-based forms, whenever ORC 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 ORC on August 20, 2007. An agreement for completion of testing of the EDI system is dated 14 April, 2008. The parties expect to transition to paperless interaction after the trial period.