The Registry Flyer

No 84 - November 2001

Introduction

Registry Flyer provides our customers with a series of brief notes about current matters of interest to both Registry customers and Austraclear 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 Peter Katz (00 644) 471 3711, email katzp@rbnz.govt.nz, on any Austraclear issue or Barry Norton (00 644) 471 3682, email nortonb@rbnz.govt.nz on Registry business.

Next Austraclear Usergroup Meeting - 16 November 2001

The next Austraclear Usergroup Meeting will be held on 16 November 2001 at the Hotel Intercontinental (formerly the Park Royal) in Wellington. The meeting starts at 1.00pm and is being held prior to the FMOA conference that will begin at 2.45pm. Also, all Austraclear users and members of the FMOA are invited to drinks at the Hotel starting at 5.15pm. A draft agenda has been sent to all members' settlement managers. If you plan to attend the meeting, please advise Gillian Gardner by phone: (04) 471 3608, fax: (04) 471 3834 or email: gardnerg@rbnz.govt.nz by 10 November so we are able to finalise arrangements. We look forward to meeting all those members who can make the meeting and/or after function drinks.

New System for RBNZ Registry

On 9 July the Bank's registry was migrated from the Bank's own system to a new system which is operated by its outsourcing provider, BT Portfolio Services (NZ) Limited.

On 3 July BTPS (NZ) was sold to Computershare Limited. Computershare will be well known to many industry participants as a significant provider of global registry services particularly for equities.

Issuers must continue to send Issue Notices to RBNZ Fax (04) 471-3860

Please refer any further questions relating to the RBNZ Registry to Barry Norton, (04) 471 3682.

United Nations (Afghanistan) Sanctions

In the light of recent events, the Reserve Bank has a responsibility to ensure that all financial institutions understand their responsibility in respect of the following international Legislation:

· United Nations (Afghanistan) Sanctions which came into force on 16 March 2001. (http://www.un.org/News/Press/docs/2001/afg131.doc.htm)
· United States Executive Order (24 September 2001). (http://www.whitehouse.gov/news/releases/2001/09/20010924-1.html)
· United Nations Legislation (28 September 2001). (http://www.un.org/News/Press/docs/2001/sc7158.doc.htm)

The legislation lists persons and entities believed to have connection with the Taliban and/or other terrorist activities. We have written direct to all members asking that they (and their clients), check that they do not hold securities within the depository on account of a third party listed in the above legislation. Any securities found to be held on account of a named person/entity must be immediately frozen and report the New Zealand Police Financial Intelligence Unit.

The website links provided above provide background on the respective legislation and the list of persons/entities affected. The Reserve Bank also has information about these issues on its web site www.rbnz.govt.nz. which is updated as new information comes to hand.

If you have any further questions relating to the above legislation please refer to Peter Katz (04) 471 3711.

Austraclear/Registry Customer Service Contacts List

Attached for you convenience is quick reference guide that provides an updated list of our team that provide customer service for both our Registry, Austraclear and Depository services. We would appreciate copies of this list being distributed amongst those of your staff who have regular contact with us. If you have any queries relating this list please refer to Peter Katz on (04) 471 3711.

Fixed Interest Lodges - Changed Process

The changed process whereby all fixed interest lodges are faxed to us and then on-processed by Computershare has worked well. Please note:
(i) all original Transfer Forms must be received by us within two business days with `FAXED' marked on the original'; and
(ii) all enquiries relating to the status of the processing of lodges and uplifts should continue to be made direct to our Austraclear help desk (04) 471 3974.

Lodgement of Local Authority Loans in Austraclear

Many local authorities have issued loans, and continue to issue new loans with identical coupon rates and maturity date. Unfortunately some of these loans with identical characteristics are NOT fungible. Therefore it is important that members ensure that where there are two loans with identical characteristics the loan registration number is used to match the loan number as recorded on the register under the transferor's name.

If you are uncertain of the correct loan number, you should contact the registry on (09) 488 8700 to confirm the loan held by the seller. If the corresponding series is NOT set up in Austraclear, please contact the Austraclear transfers desk to have the loan set up.

Changes in Membership

New members/Members branches

Welcome to the new Austraclear members.

Mnemonic	Name	Membership
ASSP90	Affco Staff Superannuation Plan	Associate

Index of Austraclear and NZCSD Information and Documents available on the Internet

The following documents can be downloaded from our internet page http://www.rbnz.govt.nz/payment/Austraclear/index.html

· Overview of the Austraclear (NZ) System (also available in PDF 120KB)
· Austraclear New Zealand members
· Austraclear New Zealand Operating Guidelines 4 September 2001 (PDF 402KB)
· Austraclear New Zealand System Rules 9 October 2000
· Austraclear New Zealand system membership application pack
· Austraclear functions: quick reference guide
· Austraclear New Zealand charges 2 July 2001
· Austraclear New Zealand network information
· Austraclear: Host-To-Host Lite (HTH*Lite) guide and application pack April 2000 (PDF 149KB)
· Austraclear User Group Meeting presentation 25 May 2001
· Association of Global Custodians Questionnaire

Copies of the previous Flyers are also available from this site.
If you have any suggestions for additional information we could add to this site please email katzp@rbnz.govt.nz.