000	02685cam  2200361zi 4500
001	9.891440
003	CaOODSP
005	20221107172902
006	m     o  d f
007	cr cn|||||||||
008	200914t20202020onca    ob   f000 0 eng d
040	|aCaOODSP|beng|erda|cCaOODSP
043	|an-cn---
086	1 |aFB3-6/2020-9E-PDF
100	1 |aRivadeneyra, Francisco, |eauthor.
245	10|aLiquidity usage and payment delay estimates of the new Canadian high value payments system / |cby Francisco Rivadeneyra and Nellie Zhang.
264	1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020.
264	4|c©2020
300	|a1 online resource (38 pages) : |bcolour illustrations.
336	|atext|btxt|2rdacontent
337	|acomputer|bc|2rdamedia
338	|aonline resource|bcr|2rdacarrier
490	1 |aStaff discussion paper = Document d'analyse du personnel, |x1914-0568 ; |v2020-9
500	|a"Last updated: September 10, 2020."
504	|aIncludes bibliographical references (page 16).
520	3 |a"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.
650	0|aElectronic funds transfers|zCanada.
650	0|aBank liquidity|zCanada.
650	6|aTransferts électroniques de fonds|zCanada.
650	6|aBanques|xLiquidité|zCanada.
710	2 |aBank of Canada, |eissuing body.
830	#0|aStaff discussion paper (Bank of Canada)|v2020-9.|w(CaOODSP)9.806273
856	40|qPDF|s800 KB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-9-eng.pdf