00000nam 2200000za 4500 9.802824 CaOODSP 20221107135053 cr ||||||||||| 150810s2015 oncd |o f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-2/115-29E-PDF Embree, Lana. Examining full collateral coverage in Canada's large value transfer system [electronic resource] / by Lana Embree and Varya Taylor. Ottawa : Bank of Canada, 2015. v, 14 p. : fig., graphs, tables. Bank of Canada working paper, 1701-9397 ; 2015-29 "July 2015." Includes bibliographical references. In this paper, we use the Bank of Finland Simulator to examine the implications of fully collateralizing Large Value Transfer System (LVTS payments), similar to a real-time gross settlement (RTGS) system. An important caveat to consider, however, is that the simulations do not take into account the anticipated change in payment behaviour in response to a change in collateral requirements. In this regard, we include a queuing mechanism to at least reflect more efficient use of liquidity. The results indicate that collateral requirements vary by participant and some participants actually require less collateral in the simulation than what is required under the current LVTS design. gccst Transfer payments gccst Economic analysis Taylor, Varya. Bank of Canada. Working paper (Bank of Canada) 1701-9397 ; 2015-29 (CaOODSP)9.504604 PDF 341 KB https://publications.gc.ca/collections/collection_2015/banque-bank-canada/FB3-2-115-29-eng.pdf