OREANDA-NEWS. April 10, 2012.  National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and a registrar Center-Invest Registration Company CJSC (Center-Invest) have begun the trial use of an electronic data interchange (EDI) system in their information interactions.

This experimental mode envisages cooperation between NSD as a nominal shareholder in securities owners' registers and Center-Invest, involving both electronic and paper-based records, whenever the registrar creates records of its operations and submits its accounts data to NSD. Cooperation between the participants is powered by the workplace software SED NSD (Luch).

The companies signed the EDI agreement on 7 March 2012.

The parties plan to switch to paperless interaction after the trial period.