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The effects of a disruption in CDSX settlement on activity in the LVTS : a simulation study
Embree, Lana (contributor); Millar, Kirby (contributor) - 2008
The Large Value Transfer System (LVTS) for settling large payments, and CDSX for settling debt and equity trades, are … 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 …
Persistent link: https://www.econbiz.de/10003727266
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The implementation of monetary policy in Canada
Engert, Walter (contributor); Gravelle, Toni (contributor);  … - 2008
services industry and the money market. Key features of the large-value payments system, which is integral to the …
Persistent link: https://www.econbiz.de/10003727268
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Liquidity efficiency and distribution in the LVTS : non-neutrality of system changes under network asymmetry
O'Connor, Sean (contributor); Chapman, James (contributor);  … - 2008
The authors consider the liquidity efficiency of Tranche 2 of the Large Value Transfer System (LVTS T2) by examining, through an empirical analysis, some plausible strategic reactions of individual participants to a systemwide shock to available liquidity in the system. The network structure of...
Persistent link: https://www.econbiz.de/10003740836
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A survey and risk analysis of selected non-bank retail payments systems
Chande, Nikil (contributor) - 2008
kinds of non-bank retail payments schemes currently available in Canada, illustrating each by focusing on a specific example …
Persistent link: https://www.econbiz.de/10003790215
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The role of convenience and risk in consumers' means of payment
Arango, Carlos; Taylor, Varya - 2009
Using data from a 2004 survey of the Canadian public, the authors study the role of convenience and risk in consumers' use of cash relative to debit and credit cards. The authors find that consumers who perceive debit cards and credit cards to be more convenient and less risky than cash use them...
Persistent link: https://www.econbiz.de/10003933185
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Network analysis and Canada's large value transfer system
Embree, Lana; Roberts, Tom - 2009
Analysis of the characteristics and structure of a network of financial institutions can provide insight into the complex relationships and interdependencies that exist in a payment, clearing, and settlement system (PCSS), and allow an intuitive understanding of the PCSS's efficiency, stability,...
Persistent link: https://www.econbiz.de/10003933244
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A note on central counterparties in repo markets
Tomura, Hajime - 2012
The author introduces a central counterparty (CCP) into a model of a repo market. Without the CCP, there exist multiple equilibria in the model. In one of the equilibria, a repo market emerges as bond dealers and cash investors choose to arrange repos in an over-the-counter bond market. In...
Persistent link: https://www.econbiz.de/10009534068
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The impact of operational events on the network structure of the LVTS
Roberts, Tom - 2011
estimated to correspond to a decline in connectivity of about 6 or 7 per cent, due to other participants not sending payments to … inconvenient enough to warrant a delaying of payments, at least to the problem participant. There is no strong evidence of systemic … effects, whereby participants also delay payments to nonproblem counterparties, in an effort to maintain a reasonable …
Persistent link: https://www.econbiz.de/10009266636
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The Bank of Canada's 2009 Methods-of-Payment survey : methodology and key results
Arango, Carlos; Welte, Angelika - 2012
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...
Persistent link: https://www.econbiz.de/10009618431
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Clearing and settlement systems from around the world : a qualitative analysis
Tompkins, Michael - 2016
As Canada continues to engage in a dialogue to develop the approach to modernizing its core payment systems, we analyze the core payment systems that exist in countries around the world. We study payment systems in 27 jurisdictions, encompassing a broad range of geographic regions, through three...
Persistent link: https://www.econbiz.de/10011489993