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The Reserve Bank of New Zealand and SIA launch new financial market infrastructures

Thursday 27 February 2020 14:14 CET | News

The Reserve Bank of New Zealand (RBNZ) has announced that it went live with Real-Time Gross Settlement and Central Securities Depository applications provided by SIA.

The Reserve Bank of New Zealand (RBNZ), New Zealand's central bank, and SIA – European hi-tech company in the fields of payment services and infrastructures – have launched the new real-time financial market infrastructures, replacing the two separate platforms Exchange Settlement Account System (ESAS) and Central Securities Depository system (NZClear).

The RBNZ market infrastructures are used by 57 member organisations including banks, custodians, registries and brokers that total around 600 users from New Zealand, Australia and Asia.

Those financial institutions are now connected to a new system to manage their day-to-day interactions with the Reserve Bank of New Zealand.

The new market infrastructures are based on the Real-Time Gross Settlement (RTGS) and Central Securities Depository (CSD) applications provided by SIA and already used by also several other central institutions across Europe, Africa, Middle East and North America.


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Keywords: The Reserve Bank of New Zealand, SIA, Real-Time Gross Settlement, RTGS, Central Securities Depository, CSD
Categories: Banking & Fintech | Payments General
Countries: New Zealand
This article is part of category

Banking & Fintech