Payment and settlement system frequently asked questions
Q. When is the Exchange Settlement Account System (ESAS) closed?
A. We have a list of the closure dates for ESAS available.
Q. Where do I find information on real-time gross settlements (RTGS) and payment systems?
A. You can find some information in the Payment and settlement system area of this website. Back issues of the Reserve Bank Bulletin are another good source for finding articles on a specific topic. You can find recent issues on this website.
Here are links to a few recent articles:
Stinson, A and Wolyncewicz, M (2003) Recent developments in the payment system (PDF 56KB)
Hampton, T (1999) Intra-day liquidity and real-time gross settlement - 18 months on (PDF 96KB)
DeSourdy, L (1999) New legislation on netting and payments finality (PDF 29KB)
White, B (1998) Payment system reform in New Zealand: the start of real-time gross settlement (PDF 227KB)
The Executives’ Meeting of East-Asia Pacific Central Banks (EMEAP) have published Payment Systems in EMEAP Economies (PDF 1.95MB), commonly referred to as the EMEAP Red Book. The Red Book describes payment and settlement systems in the 11 member economies of EMEAP.
You can also find useful international information produced by the Committee on Payment and Settlement Systems at the Bank for International Settlements under the publications section of their website. Recently they have published “A glossary of terms used in payment and settlement systems” and “Core principles for systemically important payment systems”.
Q. How do I apply to be recognised as a clearing house in New Zealand?
A. There is application information (PDF 19KB) available on our website.
Q. I’m interested in electronic money (e-money) and pre-paid cards. Where can I find information about this topic?
A. Section 10 of “The role of the Reserve Bank of New Zealand in supervising the financial system” (PDF 200KB) and this speech on “The policy implications of electronic payments” should give you a good overview. For an update on what is happening internationally, the Committee on Payment and Settlement Systems at the Bank for International Settlements has also published “A survey of electronic money developments” (November 2001) under the publications section of their website.
