OREANDA-NEWS. April 27, 2009. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Open joint-stock company "R.O.S.T. Registrar", 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.

Oleg Zhiznenko, General Director, OJS Company "R.O.S.T. Registrar", pointed out: “Improved protection of shareholder property from third party fraud, acceleration of operations and decreased transaction costs all reflect positive dynamics in the domestic securities market infrastructure. The switch by R.O.S.T. and NDC to EDI, a new level of information interaction, represents our intention to improve the quality of services rendered to our customers and to contribute to the development of the Russian stock market’s infrastructure.”

Nikolay Egorov, NDC Director, added: “Unification of access is one of the significant tasks for infrastructure organizations focused on integration into the global financial market. NDC is following this path and we are happy that OJS Company "R.O.S.T. Registrar" has joined the EDI system recommended by NDC to market participants.”

OJS Company "R.O.S.T. Registrar" 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.