Reserve Bank seeks Registrations of Interest to replace its payments and settlement systems

Release date
15 December 2014

The Reserve Bank is seeking Registrations of Interest (ROI) from potential vendors for the procurement of a Real-Time Gross Settlement System and a Security Settlement System with a Depository. These will replace the Bank's current payment and settlement systems, namely the Exchange Settlement Account System ("ESAS") and the NZClear Securities Settlement System.

The Bank invites potential vendors to register their interest in providing solutions by
27 January 2015. For a copy of the ROI document, please register through the New Zealand Government Electronic Tender Service at www.gets.govt.nz.

After public consultation earlier this year on the Bank's payment and settlement systems, the ROI is the first step in developing the roadmap for the future provision of those services. Work is also under way on identifying alternative providers of security settlement services, with the release of an expression of interest document expected in the first quarter of 2015.

Background information is available on our Review of Payments System page.

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