Canadian RTGS system improves payments efficiency, paper says
Researchers examined transition from a hybrid high-value payment system to RTGS
Real-time gross settlement (RTGS) and central queueing created liquidity efficiency despite payment delays, say researchers with the Bank of Canada.
From February 1999 to 2021, Canada’s high-value payment system was the Large Value Transfer System (LVTS). On August 31, 2021, Canada’s high-value payments upgraded to Lynx.
Ajit Desai, Zhentong Lu, Hiru Rodrigo, Jacob Sharples, Phoebe Tian and Nellie Zhang say Lynx created efficiency by using one main queue of payments. Payments arrive earlier
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