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Register of designated settlement systems in New Zealand

Information on the settlement systems in New Zealand that have been declared designated settlement systems. We jointly regulate these systems with the Financial Markets Authority.

The Exchange Settlement Account System (ESAS)

Owned and operated by the Reserve Bank of New Zealand – Te Pūtea Matua.

More information on ESAS can be found in our Payment and settlement systems section.

Payments and settlement systems section

The CLS System

Owned and operated by CLS Bank International.

More information on the CLS System can be found on the CLS website.

www.cls-group.com

The NZCDC Settlement System

Owned and operated by New Zealand Clearing and Depository Corporation Limited.

The NZClear settlement system

Owned and operated by the Reserve Bank of New Zealand – Te Pūtea Matua.

More information on NZClear can be found in the Payment and Settlement section.

Payment and Settlement section

The ASXCF settlement system

Operated by ASXClear (Futures) Pty Limited.

When they were declared designated


ESAS and the CLS settlement systems

ESAS and the CLS System were declared designated systems by the Reserve Bank of New Zealand (Designated Settlement Systems) Order 2004. The Reserve Bank of New Zealand (Designated Settlement Systems) Amendment Order 2013 amended the 2004 Order, renaming it and making the existing designations subject to new conditions.

ESAS and the CLS System are pure payment systems. A pure payment system is a designated settlement system that provides solely for the transfer of funds. We are the only regulator of pure payment systems.

The NZCDC settlement system

We declared the NZCDC settlement system a designated settlement system in (Designated Settlement System – NZCDC) Order 2010.

The NZClear settlement system

We declared the NZClear settlement system a designated settlement system in (Designated Settlement System – NZClear) Order 2012.

The ASXCF settlement system

We declared the ASXCF settlement system a designated settlement system in (Designated Settlement System – ASXCF) Order 2020.

Read more about payments and settlement systems