National Settlement Depository (NSD) of Russia and Yakutsk Stock Center Republican Specialized Registrar OJSC (YSC) 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 and YSC, involving both electronic and paper-based forms, whenever YSC 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).
An information cooperation contract was signed by NSD and YSC on January 20. The parties plan to switch to paperless interaction after the trial period.