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… The failure of the payments ecosystem to ultimately settle on the books of the central bank. … Systemic risk …
… A payment item drawn by a bank against its own account … Bank …
… A disruption to the payments ecosystem large enough to have a noticeable impact …
… dated more than six (6) months prior to presentment for payment. … Stale-dated …
… Published: February 18, 2020 Payments Canada has released its latest discussion paper, … liquidity? A simulation approach for Canada's large-value payment system. As part of the modernization of Canada’s payment systems, the LVTS …
… end-user (person or organization) who receives funds when a payment item is credited to their account … Payee …
… Straight-Through-Processing – the process of transmitting and reconciling a payment in an automated fashion, such that no human …
… A disruption to the payments ecosystem that has a material impact on ecosystem …
… in order to participate directly (or indirectly) in a payment system. Access criteria may differ depending on what … will perform as a participant in the system (e.g. exchange of payment messages, clearing or settlement with the central …
… Payments are exchanged, cleared and settled through a single …