OREANDA-NEWS. April 24, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today the successful completion of testing of Business Continuity Plan at its backup office which has been held on 19 April 2008.

The company’s backup office is set up to provide support business continuity in the event of an disaster or other "force majeure" circumstance rendering NDC's head office unusable.

Use of the backup office along with continuous functioning of the company’s computing facilities is part of the company’s Business Continuity Plan.

The backup facilities are configured to implement a full complex of operations efficiently with minimal down time.

During the training session NDC staff executed complete range of business operations in the backup office. The session revealed NDC’s ability to fulfill its obligations to its clients in full should the company need to shift operations to the backup facility. The result of the training session confirmed the high reliability of NDC.

NDC will be holding regular training sessions in the backup office along with testing recovery capabilities at its backup computer center. Training and testing involving the backup computer center is already conducted regularly by NDC with participation by depositors.

The training session demonstrated that NDC is able to provide continuous operations either in case of force majeure situation with its computer facilities or if the head office will be inaccessible.