iSignthis Ltd. and NSX Limited announced that they have entered into a shareholders agreement to form a joint venture vehicle, ClearPay Pty Ltd. ("ClearPay JV"), to develop a multicurrency, real-time, same day DvP platform (ClearPay), to be integrated with ISX's ISXPay(R) and Paydentity(TM). The system will initially be utilized alongside with the National Stock Exchange of Australia's ("NSXA") current post-trade arrangements where appropriate. However, the NSXA, NSX's wholly owned subsidiary market operator, intends to ultimately process all transactions via the new platform.

With ClearPay, the NSXA will be able to offer a same-day settlement (T+0) capability which will supersede the current (T+ various days delayed for the clearing and settlement) process offered by other domestic and global exchanges. Settlement by other exchanges is usually T+2 or T+3 days. On completion of ClearPay's DvP platform, it is expected that the domestic and international broker network will expand and connect via industry-standard ISO20022 interface and participate using an industry-standard blockchain.

This will provide the NSXA with one of the world's most advanced DvP platforms, inclusive of an inbuilt sub-registry.