Custody/clearing  
CITI    
HSBC SECURITIES SERVICES    
NAB ASSET SERVICING    
 
 
NEW ZEALAND - Capital Market Infrastructure Summary

Central Securities Depositories
NZCSD
RBNZ
NZ Clear

BIS Model
Model 3

Settlement Cycle
T+3 for Equities
T+2 for Debt securities

Comment
NZX is scheduled to move to T+2 settlement is March 2016, for all trades executed from 7 March 2016 onwards.

The Reserve Bank of New Zealand operates NZClear and New Zealand Central Securities Depository Limited (NZCSD). NZClear provides clearing a


Key terms defined in our glossary:

Central Securities Depository
BIS Model 3
Settlement Cycle

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.