Reserve Bank and NZX in talks on potential joint venture
2nd Dec 09, 9:36am
by
The Reserve Bank of New Zealand announced this morning that it was in talks with the NZX to determine the feasibility of the two jointly providing the clearing and settlement functions of the two organisations. Here is the brief announcement from the RBNZ:
The Reserve Bank of New Zealand and NZX today announced they are engaged in discussions on a potential joint venture to provide Clearing and Settlement services in New Zealand. As a first step the Bank and NZX will undertake a review to determine the feasibility of jointly providing the clearing and settlement functions of the two organisations. The Reserve Bank and NZX will update the market when further information is available.
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