Information on the wholesale funding guarantee facility that the government announced on 1 November 2008, including details of institutions in respect of which the Crown has signed a wholesale funding guarantee deed.
The Treasury and Reserve Bank have released here both policy and operational guidelines for the wholesale funding guarantee facility.
Wholesale Funding Guarantee Has Ended#
The Government closed New Zealand's wholesale funding guarantee on 30 April 2010.
Media Statements#
- Retail Deposit Guarantee Scheme continues as Wholesale Guarantee Facility closes (30 Apr 2010).
- Wholesale funding guarantee to end on 30 April (10 March 2010).
- Wholesale funding guarantee to end on 30 April (10 March 2010) (beehive.govt.nz)
- Wholesale Guarantee Scheme fees reduced (26 March 2009)
- Wholesale Guarantee Scheme fees reduced (27 January 2009)
- Wholesale Guarantee Facility - Details (1 November 2008)
- Wholesale Funding Guarantee Facility (1 November 2008) (beehive.govt.nz)
Accessible versions
Documents are available in Adobe PDF format only. Please contact [email protected] to request HTML versions.
Approved Institutions#
The Crown has signed a wholesale funding guarantee deed in respect of the following institutions: ANZ National Bank Limited, Bank of New Zealand, Westpac New Zealand Limited, Kiwibank Limited and ASB Bank Limited.
Doc. Date Sort ascending | Creator | Title |
---|---|---|
The Treasury | ||
ASB Bank Limited; Government of New Zealand | ||
The Treasury | ||
The Treasury | ||
Government of New Zealand; Westpac New Zealand Limited | ||
Government of New Zealand; Kiwibank Limited | ||
ANZ National Bank Limited; Government of New Zealand | ||
The Treasury | ||
ANZ National Bank Limited; Government of New Zealand | ||
The Treasury |
Eligibility Certificates#
The Crown has issued the following Eligibility Certificates. The certificates of eligibility documents are available in a separate table below.
Date Granted | Institution | Certificate Number | ISIN Identification |
---|---|---|---|
19 Feb 2009 | Bank of New Zealand | 0002B | NZBNZDT258C2 |
9 Mar 2009 | Bank of New Zealand | 0002C | NZBNZDT258C2 |
30 Mar 2009 | ANZ National Bank Limited | 0003A | US00182UAA16 |
20 May 2009 | Bank of New Zealand | 0002D | XS0429879561 |
21 May 2009 | Bank of New Zealand | 0002D | XS0429880221 |
22 May 2009 | Westpac New Zealand Limited | 0007C | US9612EAAA35 & XS0431048023 |
29 May 2009 | Bank of New Zealand | 0002D | XS0431903425 |
3 Jun 2009 | Bank of New Zealand | 0002H | XS0432644606 |
12 Jun 2009 | Bank of New Zealand | 0002G | XS0430851310 |
3 Jul 2009 | ANZ National Bank Limited | 0003B | XS0437868069 |
6 Jul 2009 | Bank of New Zealand | 0002I | NZBNZDT258C2 |
10 Jul 2009 | Bank of New Zealand | 0002J | XS0440221330 |
13 Jul 2009 | ANZ National Bank Limited | 0003C | XS0438477084 |
15 Jul 2009 | Westpac New Zealand Limited | 0007E | NZWNZD0714L4 |
21 Jul 2009 | Westpac New Zealand Limited | 0007G | NZWNZD0714L4 |
23 Jul 2009 | Westpac New Zealand Limited | 0007F | US9612EAAB18 & XS0442194923 |
4 Aug 2009 | Westpac New Zealand Limited | 0007G | NZWNZD0714L4 |
6 Aug 2009 | ANZ National Bank Limited | 0003D | US00182UAB98 & US00182VAB71 |
6 Aug 2009 | ANZ National Bank Limited | 0003E | US00182UAA16 & US00182VAA98 |
20 Aug 2009 | ANZ National Bank Limited | 0003F | US00182UAD54 |
28 Sep 2009 | ANZ National Bank Limited | 0003G | XS0454180067 |
16 Oct 2009 | Kiwibank Limited | 0008A | AU3CB0131050 |
19 Nov 2009 | ANZ National Bank Limited | 0003H | XS0467851936 |
11 Feb 2010 | Westpac New Zealand Limited | 0007I | XS0487609611 |
Eligibility Certificates Documents#
Doc. Date Sort ascending | Creator | Title |
---|---|---|
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand | ||
Government of New Zealand |
General Documents#
Doc. Date Sort ascending | Creator | Title |
---|---|---|
The Treasury | Released 1 November 2008. Updated 26 March 2009. Changes made since 1 November 2008 are highlighted. |
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The Treasury | Updated 14 February 2009. This describes the terms of each Crown Wholesale Funding Guarantee. This specimen incorporates changes to the specimen Deed released on 11 November 2008 and 19 February 2009 that are included for operational reasons. Note that further covenants may be required by the Crown. |
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The Treasury | The Minister of Finance has approved an amendment to the Policy Guidelines used by officials when assessing applications for the Crown Wholesale Funding Guarantee Scheme. The amendment relates to the Issue by Issue matters in part 5.2 and the impact on Crown borrowing. The Policy Guidelines set out the types of institutions that should be eligible for the guarantee and what criteria and other factors may be considered by officials when assessing applications for inclusion in the scheme and issues of securities under the scheme. The list of factors which may be considered is non-exhaustive and officials may consider any other factors if they are relevant. Officials will assess each application on an individual basis. |
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The Treasury | This describes how approved entities can obtain the Crown Wholesale Funding Guarantee for certain issues of debt securities. This specimen incorporates changes to the specimen Deed released on 11 November 2008 that are included for operational reasons. Note that further covenants may be required by the Crown. |
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The Treasury | Additional information may be required by the Crown in relation to any application. Applicants should regularly check this website for updates in that regard. |
Contact for Enquiries
Email: [email protected]