OREANDA-NEWS. November 18, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, and Сlosed Joint-Stock Company “Registrar Intraco” (Registar Intraco CJSC), 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 Registrar Intraco, involving both electronic and paper-based records, whenever Registrar Intraco 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 NDC and Registrar Intraco on 14 October, 2008. The parties plan to switch to paperless interaction after the trial period.