Clearing and international payments

ANZ also offers Clearing Services in six Pacific currencies and Australian dollars (AUD)—.

SWIFT MT2xx series (bank to bank) payment instructions are processed in real-time to the account of counter-parties who maintain their accounts with ANZ. If the beneficiary bank maintains its account with another bank, payment instructions are processed via the industry-controlled Wholesale Exchange Settlement Account System (ESAS).

ANZ customers benefit from:

• High levels of straight through processing
• Extended cut-off times.

ANZ can assist customers to meet their Wholesale and Continuous Linked Settlement (CLS) obligations through ANZs extensive experience in monitoring intraday credit and liquidity. ANZ has been a settlement member of CLS Bank since the inception of CLS and accordingly has been a NZD CLS settlement provider since the introduction of the New Zealand dollar to CLS.

ANZ is able to accept SWIFT MT1xx series commercial payments in all tradeable currencies in favour of all beneficiary accounts held in New Zealand. Payments are processed straight through to ANZ customer accounts or to an account at another local bank.

Bulk payment files can also be processed for customers using SWIFT Fileact.

ANZ Transactive – Global Nostro Account Management – enabling around-the-clock account access via the internet to customer's NZD account/s held with ANZ. ANZ Transactive – Global Nostro Account Management provides both real-time and historical balance, liquidity and transaction information.

A range of SWIFT MT9xx series message types providing real-time and end of day balance and transaction reports are provided as part of a customer's NZD Nostro account services offered by ANZ.

To find out more information about ANZ's clearing services, please contact ANZ's Financial Institutions team or an ANZ Relationship Manager.