000	02239nam  2200337zi 4500
001	9.891476
003	CaOODSP
005	20221107172908
006	m     o  d f
007	cr cn|||||||||
008	200915t20202020oncd    ob   f000 0 eng d
040	|aCaOODSP|beng|erda|cCaOODSP
086	1 |aFB3-5/2020-37E-PDF
100	1 |aKosse, Anneke, |eauthor.
245	10|aPredicting payment migration in Canada / |cby Anneke Kosse, Zhentong Lu and Gabriel Xerri.
264	1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020.
264	4|c©2020
300	|a1 online resource (ii, 43 pages) : |bcolour graphs.
336	|atext|btxt|2rdacontent
337	|acomputer|bc|2rdamedia
338	|aonline resource|bcr|2rdacarrier
490	1 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2020-37
500	|aCover title.
500	|a"Last updated: September 14, 2020."
504	|aIncludes bibliographical references (page 29).
520	3 |a"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.
650	0|aElectronic funds transfers|zCanada.
650	6|aTransferts électroniques de fonds|zCanada.
710	2 |aBank of Canada, |eissuing body.
830	#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2020-37.|w(CaOODSP)9.806221
856	40|qPDF|s1.99 MB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-37-eng.pdf