The Reserve Bank has both an oversight and operational role in the payment system in New Zealand.

The operational activities include the provision of currency and a range of payment and settlement services. In particular, the Reserve Bank operates:

• Exchange Settlement Account System (ESAS) which is a banking service for institutions that need to make regular high-value payments with each other. All the current account holders are banks.
• Austraclear New Zealand System which provides the financial markets with clearing and settlement services for high-value debt securities and equities.

Features

The RTGS Bulletin (previously The NZCSD Flyer) provides a series of brief notes about current matters of interest to both Registry customers and Austraclear members.

RTGS Help Desk Survey Feb 2008 - Results

Overview of payment and settlement system

An overview of the payment and settlement system in New Zealand including the Reserve Bank's roles.

Information on the Reserve Bank's payment system oversight role including designated payment system applications and recognised clearing house applications.

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