OREANDA-NEWS. June 27, 2008. 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.