OREANDA-NEWS. October 31, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and JSC "DRAGa", a specialist registrar, 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 JSC "DRAGa", involving both electronic and paper-based records, whenever JSC "DRAGa" 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 agreement for completion of testing of the EDI system was signed by NDC and JSC "DRAGa" on 24 October, 2008. The parties plan to switch to paperless interaction after the trial period.