In the Canadian large value payment system an important goal is to understand how liquidity is transferred through the … relationships between participants in the payment system is a crucial step in achieving the goal. The set of nodes in any given …

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 …

Clearing, Eurex Clearing and LCH.Clearnet - are considered in terms of risk management, CCP links, governance and operational …

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

complex relationships and interdependencies that exist in a payment, clearing, and settlement system (PCSS), and allow an … remained stable from 2004 to 2008, even through the credit crisis. -- Payment, clearing, and settlement systems ; Financial … PCSS network and describe the daily and intraday network structure of payment activity in the Large Value Transfer System …

credit serves as means of payment, and endogenous credit constraint. …