00000nam 2200000zi 4500 9.957285 CaOODSP 20251202083237 m o d f cr cn||||||||| 251113t20252025onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-6/2025-13E-PDF Pasin, Virgilio B., author. Net send limits in the Lynx payment system : usage and implications / Virgilio B. Pasin, Anna Wyllie. [Ottawa] : Bank of Canada = Banque du Canada, 2025. ©2025 1 online resource (ii, 18 pages) : colour illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2025-13 ISSN assigned to different series. "Last updated: November 3, 2025." Includes bibliographical references (pages 17-18). "The net send limit (NSL) tool allows financial institutions in the Lynx payment system to control their intraday payment outflow levels. While other liquidity management tools and strategies in Lynx have been studied extensively, no prior research has been conducted on how system participants use NSLs. We analyze data on Lynx NSLs, payments and settlement times and find that participants adopt a "set it and forget it" approach to scheduling NSLs. As well, participants have distinct intraday "loosening" and "tightening" behaviours with different timing and impacts on payment delays. We discuss two potential reasons for this behaviour: signalling to counterparties and rational inattention"--Abstract, page ii. Includes abstracts in English and French. 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) 2025-13. (CaOODSP)9.806273 PDF 1,018 KB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-6-2025-13-eng.pdf