RBNZ keeps settlement system due to lack of suitable bids
Central bank will invest in new, separate platforms for NZClear and Esas
The Reserve Bank of New Zealand (RBNZ) has abandoned plans to find a buyer for its securities settlement system, NZClear, after failing to attract "suitable bids".
The central bank operates NZClear and the country's Exchange Settlement Account System from the same platform. Following a review in 2014, the RBNZ began exploring the potential for selling NZClear, after concluding it was not part of its "core business".
The RBNZ invited expressions of interest in June, but on March 11 it announced
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