Three things we learned about the Lynx payment system

Nikil Chande, Zhentong Lu, Hiru Rodrigo and Phoebe Tian

No 2023-14, Staff Analytical Notes from Bank of Canada

Abstract: Canada transitioned to a new wholesale payment system, Lynx, in August 2021. Lynx is based on a real-time settlement model that eliminates credit risk in the system. This model can require more liquidity; however, Lynx’s design allows Canada’s wholesale payments to settle efficiently.

Keywords: Financial institutions; Financial services; Financial system regulation and policies; Payment clearing and settlement systems (search for similar items in EconPapers)
JEL-codes: C1 C10 E4 E42 G2 G28 (search for similar items in EconPapers)
Date: 2023-10
New Economics Papers: this item is included in nep-ban and nep-pay
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