NZX Clearing has a new website, which will be replacing this website.
You can access the new NZX Clearing website here.
The SPAN© parameter file prepared at the end of each business day can now be accessed here.
Current and historical margin rate circulars can be accessed here.
This website will be decommissioned in due course.


NZCDC's settlement system ("Settlement System") is a designated settlement system under part 5C of the Reserve Bank of New Zealand Act 1989. The Settlement System is regulated jointly by the Reserve Bank of New Zealand and the Financial Markets Authority.


A designated settlement system is required to have, amongst other things, rules that govern the operation of the system, and those persons that interact with the system. For NZCDC's Settlement System, these rules comprise NZCL's Clearing and Settlement Rules ("C&S Rules"), and NZDL's Depository Operating Rules ("DO Rules").

Each Rule set also has a related set of Procedures.

You can download a copy of the current Rules and Procedures here:

NZCDC Assessment

As a condition of designation NZCDC is required to perform a self assessment against Committee on Payment and Settlement Systems and International Organisation of Securities Commission's Principles for Financial Market Infrastructures. Copies of the self assessments can be found here: