NZClear

NZClear provides the financial markets with clearing and settlement services for high-value debt securities and equities.

NZClear is a real-time settlement system which members access from their premises.

Each participant 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 participant, the beneficial owner.

Each participant has to have an account which is provided by an ESAS account holder, generally a registered New Zealand bank. The bank providing a system cash account has real-time access to set daylight limits on that account.

NZClear has electronic interfaces with both Computershare and Link which allow entries of securities lodges to and securities uplifts from NZClear to electronically effect the necessary movement of securities in the relevant securities registry.

It also has an electronic interface with NZX to allow NZX participants to electronically transfer securities via the NZClear Depository (NZCSD ltd) and NZCDC Ltd (NZX Depository). This functionality enhances straight through processing reducing operational risk and processing costs.


NZClear New Zealand Securities

The NZClear Securities file provides members with a database of all securities (Debt and Equity) within the NZClear system. The file is updated every business day shortly after 9.30am.

Download the NZClear New Zealand Securities file (CSV 300KB).


NZClear Participants

View a full list of our NZClear participants, and their member type.


NZClear Scheduled Outages

Find out more information about scheduled NZClear outages and maintenance windows.


Key publications

More information about NZClear, including our operating guidelines and rules can be accessed below.

Background Information

Operational Information

Industry Updates

Archived documents

Further documents can be found on our archive page:

  • Annual Reports
  • Independent Assurance Practitioners reports
  • Industry bulletins/updates
  • User Advisory Committee meetings
  • Survey Results

Requests for Annual Reports

The Annual Audit report for the NZClear system has been completed. This report is available to participants and account holders upon request made to:

Head of Banking
Reserve Bank of New Zealand
Email: esas-nzclear@pshelp.atlassian.net