Central Banking

RBNZ, stock exchange moot possible payments team-up


The Reserve Bank of New Zealand on Wednesday said it was in talks with NZX, the country's stock exchange, over a potential joint venture to provide clearing and settlement services in New Zealand.

The Reserve Bank said it and the exchange would undertake a review to determine the feasibility of jointly providing the clearing and settlement functions of the two organisations.

New Zealand has two settlement systems: Austraclear New Zealand, run by the Reserve Bank, and NZX's Faster system. NZX ann

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