RBNZ apologises for disruptions

The central bank apologised to users of the Exchange Settlement Account System and Austraclear settlement system, in a statement signed by Mike Wolyncewicz, the bank's chief financial officer.

The bank said transactions were processed manually on request and the Austraclear End of Day was extended by 25 minutes.

Some users had complained they weren't given enough notice of the glitches, according to the statement.

Yesterday was marked by "continued settlement problems that culminated with a batch preventing Austraclear's settlement completing," Martyn Bain, spokesman for NZX Operations, said in an emailed statement. The NZX received an incident report from the bank and released the bank's statement.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

February 20th Morning Report
SCL - Chief Financial Officer Transition
BLS - Strong YTD performance
CEN announces opening of NZ$75 million Retail Offer
AIA - 1H26 Interim Results
February 19th Morning Report
TWL - Share Purchase Plan Results
GMT revaluation, unit buyback and proposed structure update
Devon Funds Morning Note - 17 February 2026
CEN - Contact successfully completes NZ$450m Placement