NZClear

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.

NZClear New Zealand Securities

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.

Contacts and NZClear mailing list

General queries (including ESAS/CLS), RTGSHelpDesk@rbnz.govt.nz
NZClear services, NZClear@rbnz.govt.nz
Corporate Actions & Payments Services, ca@rbnz.govt.nz

Subscribe or unsubscribe to the NZClear mailing list, limited to NZClear members and institutions as authorized by NZClear.

Background/Explanatory Material

Overview of NZClear (also available in PDF 33KB)
NZClear System Rules Effective 09 November 2009 (PDF 140 KB)
NZClear Operating Guidelines Effective 31 March 2010 (PDF 714KB)
NZClear NZ STP Options (PDF 180KB)
NZClear Electronic Registries Interface

Forms

NZClear: Host-To-Host Lite (HTH*Lite) application pack June 2010 (PDF 117KB)
FINEWISS Registry Agreement (PDF 139KB)
SecurID Token Registration Form (PDF 33KB)

Operational Information

Annual Report for the Austraclear New Zealand System – 2009 (PDF 89KB)
Annual Report for the Austraclear New Zealand System – 2008 (PDF 100KB)
Annual Report for the Austraclear New Zealand System - 2007 (PDF 93KB)
NZClear Fee Schedule as at June 2010 (PDF 128KB)
NZClear New Zealand members
Independent Auditor's Report to the System Operator of NZClear for the quarter ended 30 June 2010 (PDF 200KB)

Industry Reports/RTGS Bulletin

RTGS Help Desk Survey Summary February 2010 (PDF 880KB)
Quarterly Industry Update Report September 2007 (PDF 69KB)

The RTGS Bulletin provides our customers with a series of brief notes about current matters of interest.

NZClear User Group Meeting