Views sought in review of settlement systems

Release date
12 May 2014

The Reserve Bank is seeking stakeholders' input for a strategic review of its payment and settlement systems.

The Reserve Bank announced last year that it would review the Exchange Settlement Account System (ESAS) and NZClear Securities Settlement System (NZClear) that it owns and operates. The review is in anticipation of substantial upgrades that are necessary over the next 2-5 years.

The Reserve Bank invites industry stakeholders to provide feedback on the following aspects of the payment and settlement systems it operates:

  • The Reserve Bank's vision, principles and core requirements for the provision of the payment and settlement services;
  • The strategic issues impacting the future provision of the payment and settlement services by the Reserve Bank; and
  • The potential options, identified by the Reserve Bank, which could address the strategic issues.

The deadline for submissions has been extended to 18 July 2014 and further information is available on the Reserve Bank website:

Media Contact:
Angus Barclay
External Communications Adviser
Phone (04) 471 3698 or 027 337 1102