RBNZ launches new settlement platform

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The Reserve Bank of New Zealand has launched a new payment settlement system that replaces the platform it has operated over the last two decades, it said today (February 26).

The new platform will operate through two systems, one a real-time gross settlement platform (called Esas 2.0), and a central securities depository (NZClear 2.0). These new market infrastructures are based on applications developed by the Italian company SIA.

The applications are already used by other central banks in

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