Clearing services

Clearing and payment services for overseas banks

ANZ is a leading provider of Australian Dollar (AUD) and New Zealand Dollar (NZD) account and payment services to banks around the globe. ANZ provides efficient payment services and real-time transaction and balance reporting through the Internet, SWIFT and an externally hosted service.

Products and services

Bank to bank payments

• SWIFT MT 200 series (bank to bank) payment instructions are directly credited to accounts of counter-parties who also maintain their accounts with ANZ or they are processed straight through the Real Time Gross Settlement (RTGS) system to an account held with another Australian bank.
• High levels of straight through processing are achieved, enabling us to offer attractive cut-off times and process payments right up until system close.
• A high proportion of transactions are between ANZ customer accounts.

Commercial services

• Commercial payments - MT 103 payments are processed straight through to ANZ customer accounts or to an account at another local bank.
• Draft service - A full draft drawing service is available. Clients can choose to use their own stylised drafts or we can provide books of standard drafts with or without the client's logo.
• Cash letter service - Drafts and cheques drawn in AUD and NZD and payable in Australia and New Zealand can be remitted for clearing 'under usual reserve'.
• Clean collection service - For higher value items which require certainty of payment and cheques drawn in foreign currency payable locally in Australia and New Zealand.

Reporting services

A comprehensive range of reporting, both real-time and end of day is available and can be accessed via our Internet service ANZ Connect, SWIFT or through a cable and wireless' hosted service.

More information

For more information, contact your relationship manager or enquire online.

Awards

FImetrix bank-to-bank research (2008 & 2006)

Relationship and account management leadership

• No.1 Overall AUD Relationships
• No.1 Best at Building Relationships
• No.1 equal Relationship Manager Effectiveness

Product leadership

• Wholesale clearing
• AUD Vostro Account Services
• International Trade Services
• Cash Letters and Drafts to Australia
• Foreign Exchange/Derivatives

This product/service is suitable for other financial institutions.