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… and certainty of settlement. The LVTS was replaced by Lynx in 2021. … LVTS …
… Framework in the 2021 federal budget, and the launch of Lynx, Canada’s new high-value payment system, later this …
… participants, Payments Canada introduced ISO 20022 to Lynx , our high-value payment system. To date, just over 50 per cent of Lynx transactions are already using the ISO 20022 (Swift MX) …
… The figure below illustrates transactions that will utilize Lynx for interbank transactions when they are denominated in … need to reach Bank C. Both Bank B and C are participants in Lynx. 21 Therefore, Bank A can transact with Bank B, and Bank B can transfer the funds to Bank C via a Lynx payment. This transaction will be completed in Canadian …