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008251113t20252025onca    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-6/2025-13E-PDF
1001 |aPasin, Virgilio B., |eauthor.
24510|aNet send limits in the Lynx payment system : |busage and implications / |cVirgilio B. Pasin, Anna Wyllie.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2025.
264 4|c©2025
300 |a1 online resource (ii, 18 pages) : |bcolour illustrations.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff discussion paper = |aDocument d'analyse du personnel, |y1914-0568 ; |v2025-13
500 |aISSN assigned to different series.
500 |a"Last updated: November 3, 2025."
504 |aIncludes bibliographical references (pages 17-18).
5203 |a"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.
546 |aIncludes abstracts in English and French.
650 0|aElectronic funds transfers|zCanada.
650 0|aBank liquidity|zCanada.
650 6|aTransferts électroniques de fonds|zCanada.
650 6|aBanques|xLiquidité|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff discussion paper (Bank of Canada)|v2025-13.|w(CaOODSP)9.806273
85640|qPDF|s1,018 KB|uhttps://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-6-2025-13-eng.pdf