NEW ZEALAND

Currency: New Zealand dollar (NZD)

RTGS: ESAS – Exchange Settlement Account System

Message format currently in use: SWIFT MT

ISO migration planned? Timeline: ESAS’s plan for the year 2020 (ending the 30 June 2020) is to work with the industry on planning for material business changes such as 365 day banking and implementation of SWIFT 20022.[1] We understand that ESAS is investigating or will investigate for the migration of ISO 20022, so for the time being no migration is in the pipe.

Governing body of the migration: Central Bank of New Zealand

New Zealand NZD ISO migration

[1]https://www.rbnz.govt.nz/-/media/ReserveBank/Files/Markets-and-payments/esas/ESAS-annual-report-2019.pdf?revision=8adcef6f-03c7-412f-b0c6-73b54d24ff8f