OREANDA-NEWS. June 5, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and Novyi Registrator CJSC 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 Novyi Registrator CJSC, involving both electronic and paper-based forms, whenever Novyi Registrator CJSC 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 Novyi Registrator CJSC on February 22, 2008. An agreement for completion of testing of the EDI system is dated June 3, 2008. The parties expect to transition to paperless interaction after the trial period.