OREANDA-NEWS. May 4, 2009. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Tsentralnaya Registratura OJSC (Ufa), a specialist registrar, announced today their adoption of an electronic data interchange (EDI) system in their information interactions, following a trial.

The switch to a unified standard in information exchange will allow accelerated operations and settlements, reduced risks of error and fraud, increased operational efficiency and enhanced confidentiality.

Alexander Abramov, General Director, Tsentralnaya Registratura OJSC, said: “Our company strives to keep up with the times, so we were enthusiastic about NDC’s suggestion to switch to EDI. Interactions with such an important partner as NDC will enhance the development and improvement of information technologies used by our organization.”

Nikolay Egorov, NDC Director, added: “Availability of services is one of NDC’s core corporate values. It is very important for us that one more regional registrar has joined our EDI system.”

Tsentralnaya Registratura OJSC will enter records of transactions made in customer accounts of NDC acting as a nominal holder and provide information on NDC’s customer accounts opened in registers, on the basis of electronic data. Paper copies of electronic data will only be provided where required by current Russian Federation legislation, on terms determined by corresponding agreements of the parties.