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Payments and settlement systems

Ngā utu

This section is about our wholesale payment and settlement systems which enable us to promote and maintain a sound and efficient financial system. We oversee and operate two systems for financial transactions - the interbank Exchange Settlement Account System and NZClear.

NZClear

NZClear provides financial markets with clearing and settlement services for high-value debt securities and equities.

NZClear

ESAS

ESAS is our Exchange Settlement Account System and along with Real-time Gross Settlement (RTGS) allows individual transactions between financial institutions to be settled electronically as the transactions happen.

ESAS

Related information

Payments | Ngā utu

We're looking for improvements in payment systems to better support the use of money and its pivotal roles.

How do payments work?

Learn about how money gets from your card or mobile wallet to the payee or merchant.

New Zealand’s payments landscape: a primer

Read our Bulletin for an accessible overview of the payments process and systems and services required to carry out a payment end-to-end in New Zealand.