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Operating rules and guidelines for domestic markets

This page provides the operating rules and guidelines for all our domestic market operations, including counterparty application forms.

The operating rules and guidelines comprise four documents as set out below.

These two documents contain the rules and guidelines for all domestic market operations (for example, FX swaps and basis swaps, OMOs, overnight reverse repo facility) conducted by our Financial Markets department (Index and Introduction PDF issued 23 October 2025 and Domestic Market Operations PDF issued 18 August 2025).

This document provides counterparties with the settlement procedures for all domestic market operations (OMOs, overnight reverse repo facility) (issued 18 August 2025).
This document contains appendices and details on applying for registration as a counterparty (issued 18 August 2025).
Note: The operating rules and guidelines for domestic markets have been prepared in accordance with New Zealand law for use by persons resident in New Zealand and are governed by New Zealand law. New Zealand courts have jurisdiction. The operating rules and guidelines are subject to change, completion or amendment without notice.