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Reserve Bank To Assess ESAS Outage

RBNZ
Transactions are now flowing through the Reserve Bank of New Zealand's Exchange Settlement Account System (ESAS) after an outage this morning. The Reserve Bank is now looking into the cause of the outage.
  • ESAS allows individual transactions between financial institutions to be settled electronically as the transactions happen.
  • The system was offline for approximately three hours which meant that wholesale and retails transactions were unable to be processed between banks. While transactions are now flowing there is a backlog to process.
  • "We are aware that some retail customers have been impacted by the outage but all transactions should be processed shortly. We will be working with system users to ensure all transactions are processed as soon as possible. We thank everyone for their patience."
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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