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Register of designated settlement systems in New Zealand

This page lists the settlement systems in New Zealand have been declared designated settlement systems. We jointly regulate these systems with the Financial Markets Authority.

1. The Exchange Settlement Account System (ESAS) owned and operated by the Reserve Bank

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

Payments and settlement systems section

Contact person:

Head of Payment Services
Financial Services Group
Reserve Bank of New Zealand
PO Box 2498
WELLINGTON
Telephone (04) 472 2029
Email: [email protected]

2. 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

Contact person:

CLS Chief Legal Officer
CLS Bank International
32 Old Slip, 23rd Floor
New York, NY 10005
UNITED STATES OF AMERICA
Telephone: 001 212 943 2290
Email: [email protected]

3. The NZCDC Settlement System owned and operated by New Zealand Clearing and Depository Corporation Limited

Contact person:

Chief Operating Officer and Head of Risk
New Zealand Clearing and Depository Corporation Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
WELLINGTON
Telephone: +64 4 495 2465
Email: [email protected]

4. The NZClear settlement system owned and operated by the Reserve Bank

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

Payment and Settlement section

Contact person:

Head of Payment Services
Financial Services Group
Reserve Bank of New Zealand
PO Box 2498
WELLINGTON
Telephone (04) 472 2029
Email: [email protected]

5. The ASXCF settlement system operated by ASXClear (Futures) Pty Limited

Contact person:

General Manager, Enterprise Compliance
ASX Operations Pty Ltd
20 Bridge Street
Sydney NSW 2000
AUSTRALIA
Telephone: +61 2 9227 0350
Email: [email protected]

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