00000nam 2200000zi 4500 9.891440 CaOODSP 20221107172902 m o d f cr cn||||||||| 200914t20202020onca ob f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-6/2020-9E-PDF Rivadeneyra, Francisco, author. Liquidity usage and payment delay estimates of the new Canadian high value payments system / by Francisco Rivadeneyra and Nellie Zhang. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (38 pages) : colour illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2020-9 "Last updated: September 10, 2020." Includes bibliographical references (page 16). "This paper presents simulation results for Canada's new large-value payments system: Lynx. We simulate the settlement process of Lynx using a large sample of payments observed in the current system (LVTS), taking the initial level of liquidity as given. We calculate the resulting liquidity usage, the payment delay and the shares of payments settled on a gross or net basis. The behaviour of participants (timing of payment submission) is assumed to remain the same as in LVTS. With an initial liquidity comparable to the collateral amount currently pledged in LVTS ($14.6 billion), Lynx FIFO Bypass would result in 28 minutes of average weighted delay and $17.3 billion of liquidity usage (the sum of intraday maximum net debit positions). Given this configuration, on average, $1.9 billion would be needed to clear non-urgent payments delayed until the end of the day, equivalent to 4.1 percent of payment value and 0.06 percent of volume. Doubling the amount of initial liquidity (to $29.3 billion) would result in 12 minutes of weighted delay. This basic configuration of Lynx requires a higher level of liquidity than LVTS and a plain-vanilla RTGS with pooled liquidity"--Abstract. Electronic funds transfers Canada. Bank liquidity Canada. Transferts électroniques de fonds Canada. Banques Liquidité Canada. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) 2020-9. (CaOODSP)9.806273 PDF 800 KB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-9-eng.pdf