NZClear is a real-time settlement system which members access from their premises. This system was formerly known as Austraclear.
Each member has a security account(s) on the system which records the securities “lodged with New Zealand Central Securities Depository Limited” (NZCSD), a custodian, fully owned by the RBNZ. NZCSD becomes the legal owner of the securities on the relevant register and holds securities on behalf of the member, the beneficial owner. The inventory of securities held in the depository currently stands at around NZD92 billion.
Each member also has a system cash account. This account is provided by a financial institution, generally a registered New Zealand bank. The bank providing a system cash account has real time access to set daylight limits (debit caps) on that account.
This site provides access to a range of business documents which both overview and give further insight to:
- the functionality of NZClear
- the activities and operations of the New Zealand Central Securities depository are described; and
For persons not familiar with NZClear we recommend first reading the Overview document with particular attention to Appendix I which gives a pictorial description of the system structure and Appendix II which describes and illustrates a typical trade on the NZClear System.
The NZClear Securities page provides members with a database of all securities (Debt and Equity) within the NZClear system. Members have the ability within the webpage to either search the securities database and view the results, or download a comma-delimited CSV file that contains the information.
General queries (including ESAS/CLS), RTGSHelpDesk@rbnz.govt.nz
NZClear services, NZClear@rbnz.govt.nz
Corporate Actions & Payments Services, email@example.com
Subscribe or unsubscribe to the NZClear mailing list, limited to NZClear members and institutions as authorized by NZClear.
NZClear (also available in PDF 33KB)
NZClear System Rules Effective 01 March 2012 (PDF 323KB)
NZClear System Rules - Effective 01 March 2012 (PDF 130KB)
NZClear Operating Guidelines Effective 1 March 2012 (PDF 904KB)
Reserve Bank of New Zealand (Designated Settlement System—NZClear) Order 2012
NZClear NZ STP Options (PDF 180KB)
NZClear Electronic Registries Interface
Memorandum of Understanding 11 October 2010 (PDF 1.5MB)
Independent Assurance Report for the period 1 January
2013 to 31 March 2013 (PDF 115KB)
Report on controls over the NZClear system for the period 1 January 2012 to 30 June 2012 (PDF 243KB)
Annual Report for NZClear – 2012 (PDF 270KB)
NZClear Fee Schedule as at May 2012 (PDF 408KB)
NZClear New Zealand members
The RTGS Bulletin provides our customers with a series of brief notes about current matters of interest to both ESAS Account Holders and NZClear members. Each item usually includes a reference to the person or section to whom further enquiries should be directed. However, please also feel free to contact Nathan Lewer (00 644) 471 3961, email firstname.lastname@example.org, on any NZClear issue.
User Advisory Committee Meeting
Minutes, December 2012 (PDF 10KB)
December 2012 Industry Update (PDF 604KB)
ESAS/NZClear Survey Results February 2012 (PDF 581KB)
Archived Industry Reports and RTGS Bulletins