Skip to Content



Financial Institutions

Financial institutions include registered banks (i.e. banks that are registered with the Reserve Bank of New Zealand) and non-bank financial institutions (e.g. building societies, financial services cooperatives, credit unions, friendly societies, industrial and provident societies, and finance companies).

Financial Market Participant

A person or organisation required to be registered, licensed, appointed or authorised under financial markets legislation, or a person or organisation that carries out certain activities, such as being a public issuer.

Financial Services Provider

Includes financial advisers, brokers, building societies, credit providers, credit unions, money changers, finance companies, foreign currency exchange dealers, fund managers, insurers, investment portfolio managers, issuers and registered banks.


Fixed interest is a general term for debt securities that pay a specified rate of interest. Usually the fixed interest rate is for a specific term, and at the end of the term your money is returned to you. Often you also have the option of rolling over your money, i.e. continuing the investment at an agreed rate of interest for another term.


Investments in things like foreign currency, oil, electricity or wool where you invest now on a prediction of what the commodity will sell for at a later date. Futures contracts are a way of trying to profit (or minimize loss) from future movements in prices or values, without actually buying the commodity that the contract relates to.