Payment systems replacement

We currently have NZClear 2.0 open for Member industry acceptance testing at present. This is a significant milestone and one of our last hurdles to mark off as successful to inform a go live decision and announce a go live date.

 Last updated: 12 August 2019


Payment systems replacement member information


The Reserve Bank conducted a strategic review of ESAS and NZClear in 2013/14.  As a result of the strategic review and industry feedback, the Bank decided that it must continue to own and operate ESAS, given that ESAS is central to New Zealand’s financial systems and the Reserve Bank’s statutory functions. The Reserve Bank has chosen to retain the NZ Clear business after a divestment process attracted no sufficiently compelling commercial bids.

Software Update

The ESAS Account holders have completed Industry Acceptance testing.

NSI Testing iscompleted.

Members are currently completing NZClear testing.

Infrastructure Update

Our infrastructure build tasks have been completed.

Industry Engagement update

ESAS Training is complete

NZClear Training is complete

We continue with monthly NZClear webinars, NZClear weekly testing updates and bi-monthly ESAS Account holder meetings.

Industry key dates

June 2019

NZClear IAT Commenced

May 2019

NZClear e-Learning completed

April 2019

NSI Testing completed.

March 2019

Quality Gate two testing.

February 2019

Swift Interface Testing starts.

January 2019

ESAS Industry Acceptance testing concludes.

December 2018

Training for testers and trainers concludes.

November 2018

ESAS Industry acceptance Testing concludes Swift Standards 2018 go live.

October 2018

Training for testers and trainers start.

September 2018

Member On boarding complete for ESAS.

August 2018

Operational Impact Assessment Training.

July 2018

NZClear Familiarisation Sessions.

Account detail and technical contacts requested as a data capture survey.

Member and Account holder onboarding commences.

June 2018

ESAS Familiarisation Sessions