OREANDA-NEWS. July 24, 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 Registration Depository Center CJSC (RDC) have announced the full launch of an electronic data interchange (EDI) system in their information interactions on a paperless basis.

The use of EDI technology will allow accelerated document interchange and processing in the course of operations conducted in the registers of inscribed securities holders and in the depository record keeping system, decreased risks of error and fraud, increased operational efficiency and processing of securities owners' lists in the course of corporate actions and enhanced protection of confidential information.

RDC will enter records of transactions made in customer accounts of NSD acting as a nominal holder and will provide information on NSD’s customer accounts opened in registers maintained by RDC, on the basis of electronic data. Paper copies of the electronic documents will only be provided where required by current legislation of the Russian Federation, on terms determined by corresponding agreements of the parties.