OREANDA-NEWS. July 2, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and Professional Registration Center CJSC, have begun the trial use of an electronic data interchange (EDI) system in their information interactions.

This experimental mode covers cooperation between NDC as a nominal shareholder and Professional Registration Center CJSC, involving both electronic and paper-based forms, whenever Professional Registration Center 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 agreement was signed by NDC and Professional Registration Center CJSC on 10 April, 2008. An agreement for completion of testing of the EDI system is dated 27 June, 2008. The parties plan to switch to paperless interaction after the trial period.