00000nam 2200000zi 4500 9.891476 CaOODSP 20221107172908 m o d f cr cn||||||||| 200915t20202020oncd ob f000 0 eng d CaOODSP eng rda CaOODSP FB3-5/2020-37E-PDF Kosse, Anneke, author. Predicting payment migration in Canada / by Anneke Kosse, Zhentong Lu and Gabriel Xerri. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (ii, 43 pages) : colour graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-37 Cover title. "Last updated: September 14, 2020." Includes bibliographical references (page 29). "Canada currently has two core payment systems for processing funds transfers between financial institutions: the Large Value Transfer System (LVTS) and the Automated Clearing Settlement System (ACSS). These systems will be replaced over the next years by three new systems: Lynx, the Settlement Optimization Engine (SOE) and the Real-Time Rail (RTR). We employ historical LVTS and ACSS data to predict the demand for the future systems. The results show that small-value LVTS payments will likely migrate to SOE. Also, in the short run, about CAD 10,000 billion of LVTS and ACSS payments (per year) is anticipated to migrate to the RTR if not subject to maximum transaction values. These migration patterns raise important policy questions, such as whether the future systems should be subject to value caps and/or higher collateral requirements"--Abstract, page ii. Electronic funds transfers Canada. Transferts électroniques de fonds Canada. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 1701-9397 ; 2020-37. (CaOODSP)9.806221 PDF 1.99 MB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-37-eng.pdf