OREANDA-NEWS. October 6, 2009. "The National Depository Center" (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and Registrar Intraco CJSC, a specialist registrar, announced today their adoption of an electronic data interchange (EDI) system in their information interactions, following a trial.

The use of EDI will allow accelerated operations, reduced risks of error and fraud, increased operational efficiency and enhanced confidentiality in the course of information exchange.

Registrar Intraco CJSC 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.