ANZ Austraclear Managed Settlement
ANZ Austraclear Managed Settlement is a service providing end-to-end management of the Austraclear standard settlement process. It’s designed for businesses that have a need for Austraclear settlement, or whose counterparties use Austraclear and require the business to also use the service in order to send or receive payment.
The service uses ANZ’s Austraclear mnemonic identifier (ANZB3Z) to manage and execute the settlement of funds, thereby avoiding the requirement for direct registration with the Australian Securities Exchange (ASX). The Austraclear portal provides flexibility to load ASX Austraclear trades (pay and receive). The user can submit, approve and reject, view the status of cash transfer instructions and more via the portal.