New Zealand securities settlement system could go private
Central bank considers relinquishing ownership and operation of NZClear
The Reserve Bank of New Zealand (RBNZ) could transfer NZClear, the country's central securities depository, into private ownership as part of a strategic review into payment and settlement systems.
The central bank owns and operates both NZClear and the Exchange Settlement Account System (Esas), which are used to settle securities transactions and interbank obligations respectively.
In November, the RBNZ announced it would review both systems, and today released a consultation paper outlining
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