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… 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 on GDP. … System-wide risk …
… 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 will be replaced by a real-time …
… end-user (person or organization) who receives funds when a payment item is credited to their account … Payee …
… – 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 service providers or end users as a group. …
… Payments are exchanged, cleared and settled through a single …
… The financial institution to which a debit payment item is addressed and which is directed to pay the …