NZClear Electronic Registries Interface
The Reserve Bank and major securities registries are developing an interface which will allow entries of securities lodges to and securities uplifts from NZClear to electronically effect the necessary movement of securities in the relevant securities registry. This functionality will enhance straight trough processing reducing operational risk and processing costs. The interface will be available in mid 2010. More details will be provided on operation of the interface nearer the time that it goes live.
Download the Securities Transfer (Approval of Austraclear Electronic Registries Interface System) Order 2010 (PDF 137KB). The Order gives approval to the new interface under section 7 of the Securities Transfer Act 2010.