RBNZ, NZX ink MoU on connected clearing system
The Reserve Bank of New Zealand (RBNZ) and the country's stock exchange on Monday announced a deal that will see them maintain separate but interoperable clearing and settlement services to domestic markets.
The RBNZ said it signed a memorandum of understanding (MoU) with the New Zealand stock exchange (NZX) on 6 October, which would remove "legal or operational impediments" to the movement of securities between the two bodies. Both parties would commit to support interfaces between the two
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