Reserve Bank and NZX in talks

Release date
02 December 2009

The Reserve Bank of New Zealand and NZX today announced they are engaged in discussions on a potential joint venture to provide Clearing and Settlement services in New Zealand.

As a first step the Bank and NZX will undertake a review to determine the feasibility of jointly providing the clearing and settlement functions of the two organisations.

The Reserve Bank and NZX will update the market when further information is available.

Contacts:

Reserve Bank
Mike Hannah
Head of Communications
Ph 04 4713671, 021 497418, mike.hannah@rbnz.govt.nz

NZX
Rowan Macrae
Head of Corporate Office
Ph 04 4962874, 027 472 7599, rowan.macrae@nzx.com