out-payment flows. It is composed of three subgroups, in which participants within a subgroup are more strongly linked … are defined in terms of participant-specific collateral needs and out-payment delays, and result from different relative … cost structures involving collateral costs, queuing costs, and payment delay penalties. Each of the conjectural equilibria …

complex relationships and interdependencies that exist in a payment, clearing, and settlement system (PCSS), and allow an … PCSS network and describe the daily and intraday network structure of payment activity in the Large Value Transfer System …

payment obligations must settle on the Bank of Canada's books, with payments made through the LVTS. CDSX settlement payments … indicate that a disruptive event could lead to a considerable amount of rejected payments and payment delays. These findings …

Payment services offered by non-banks have flourished in recent years. The author provides an overview of the different …. Current players in the Canadian marketplace include electronic bill consolidators, such as epost; online payment providers … undertake a complete analysis of the market failures that may justify regulation of non-bank retail payment services, he does …

The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a … detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident … population. During November 2009, participants answered a questionnaire about their demographics, personal finance, and payment …

established. For example, the effect of a partial outage at a big six bank that has a net payment balance of $1 billion is …

into consideration, or if two participants default during the same payment cycle. The authors examine surviving participant …