OREANDA-NEWS. July 6, 2009. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, today released the results of a meeting of its Board of Directors held 30 June.

The Board approved a tariff for a new service to be provided for EDI. The new NDC approach to the transmission of electronic documents uses modern Web applications and Internet protocols with guaranteed on-line delivery of electronic messages. The new service is being implemented through NDC participant work stations which will be able to access the system with a web browser and LUCH optional plug-in software. The new tariff is expected to be imposed to the clients, using on-line options, starting November 30, 2009 after a promotional period. The tariff for the new service will be RUB 7,200 per month.

The promotional period will be to advertise the new services and to allow time for full integration of the services into the internal automated systems of EDI participants.

The new service will not replace current NDC communications channels. It will provide guaranteed order delivery, allow EDI participants to control order status and offer fast access to information on securities balance.

The Board of Directors also considered a report by NDC Internal Control Department for 1Q 2009 and authorized NDC's Director to take appropriate measures on implementation of the Department's recommendations.

The Board of Directors also selected Deloitte & Touche CIS to conduct the IFRS audit for 2009.