Austraclear

The Austraclear system is a real-time settlement system which members access from their premises.

Each member has a security account(s) on the system which records the securities “lodged with New Zealand Central Securities Depository Limited” (NZCSD), a custodian, fully owned by the RBNZ. NZCSD becomes the legal owner of the securities on the relevant register and holds securities on behalf of the member, the beneficial owner. The inventory of securities held in the depository currently stands at around NZD92 billion.

Each member also has a system cash account. This account is provided by a financial institution, generally a registered New Zealand bank. The bank providing a system cash account has real time access to set daylight limits (debit caps) on that account.

This site provides access to a range of business documents which both overview and give further insight to:

the functionality of the Austraclear (NZ) System
the activities and operations of the New Zealand Central Securities depository are described; and

For persons not familiar with the Austraclear (NZ) system we recommend first reading the Overview document with particular attention to Appendix I which gives a pictorial description of the system structure and Appendix II which describes and illustrates a typical trade on the Austraclear System.

Austraclear New Zealand Securities

The Austraclear New Zealand Securities page provides members with a database of all securities (Debt and Equity) within the Austraclear system. Members have the ability within the webpage to either search the securities database and view the results, or download a comma delimited CSV file that contains the information.

Background/Explanatory Material

Overview of Austraclear (also available in PDF 33KB)
Austraclear New Zealand System Rules Effective 09 November 2009 (PDF 140 KB)
Austraclear New Zealand Operating Guidelines Effective 22 January 2008 (PDF 104KB)
Austraclear NZ STP Options (PDF 180KB)
System Enhancements (SWIFT & Internet Access) 03 October 2006 (PDF 30KB)
Austraclear : Host-To-Host Lite (HTH*Lite) guide 26 November 2008 (PDF 391KB)
TRANSACT Key Differences 13 October 2009 (PDF 93KB)

Forms

Request for RBNZ staff to enter trades on member’s behalf (PDF 17KB)
Austraclear: Host-To-Host Lite (HTH*Lite) application pack August 2006 (PDF 117KB)
Austraclear New Zealand System Application Pack - Associate Membership (PDF 520KB)
Austraclear New Zealand System Application Pack - Branch Membership (PDF 214KB)
Austraclear New Zealand System Application Pack - Nominated Trust Membership (PDF 536KB)
Austraclear New Zealand System Application Pack - Full Membership (PDF 191KB)
FINEWISS Registry Agreement October 2003 (PDF 139KB)
SecurID Token Registration Form (PDF 33KB)

Operational Information

Annual Report for the Austraclear New Zealand System – 2009 (PDF 89KB)
Annual Report for the Austraclear New Zealand System – 2008 (PDF 100KB)
Annual Report for the Austraclear New Zealand System - 2007 (PDF 93KB)
Austraclear Fee Schedule as at 13 February 2009 (PDF 128KB)
Austraclear New Zealand members
Independent Auditor's Report to the System Operator of Austraclear New Zealand for the quarter ended 30 September 2009 (PDF 189KB)
Financial Services Group Customer Service Contacts 11 April 2007
Changes to New Zealand Daylight Saving Time for 2007/2008 (PDF 464KB)

Industry Reports/RTGS Bulletin

User Advisory Committee Minutes September 2009 (PDF 22KB)
User Advisory Committee Minutes May 2009 (PDF 16KB)
User Advisory Committee Minutes March 2009 (PDF 14KB)
User Advisory Committee Minutes November 2008 (PDF 24KB)
User Advisory Committee Minutes September 2008 (PDF 18KB)
User Advisory Committee Minutes April 2008 (PDF 30KB)
Quarterly Industry Update Report September 2007 (PDF 69KB)
User Advisory Committee Minutes September 2007 (PDF 17KB)

The RTGS Bulletin provides our customers with a series of brief notes about current matters of interest.

Austraclear User Group Meeting

Austraclear User Group Meeting Presentation May 2009 (PDF 1MB)
Minutes of the Austraclear User Group Meeting May 2009 (PDF 14KB)
Minutes of the Austraclear User Group Meeting November 2008
Minutes of the Austraclear User Group Meeting May 2008
Austraclear User Group Meeting Presentation May 2008 (PDF 432KB)
Summary of key points and issues from Austraclear User Group Meeting November 2007