Central Banking

Reserve Bank of New Zealand News Release

NEWS RELEASE - New support provider for Austraclear/ESAS, 8 May.

The Reserve Bank today announced that it had awarded a three-year contract to Datacom Systems (Wellington) Ltd to provide support services to the New Zealand Austraclear and ESAS systems, commencing 1 January 2003.

Austraclear is a system operated by the Reserve Bank for clearing and settlement of high-value debt securities and equities. The Austraclear system has 230 members with total investments of approximately $80 billion.

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