• Deborah

On September 1st, Payments Canada announced the launch of the first release of Canada’s new high-value payment system, Lynx, replacing the Large Value Transfer System (LVTS). Lynx will be owned and operated by Payments Canada and overseen by the Bank of Canada to process “large value, time-critical payments with real-time settlement finality” for seventeen member participants and their customers.

Lynx will also provide enhanced cyber security and resiliency capabilities, flexibility to support future technologies as well as reporting capabilities.

A second release is planned for 2022 to support the delivery of ISO 20022 messages, allowing for data-rich payments.

Recent Posts

See All

01/06/2022 - Effective date of Amendments to National Instrument 81-105 Mutual Fund Sales Practices and Related Consequential Amendments relating to prohibition of deferred sales charges for investmen

According to the CFA Institute, the most common definition of a derivative is that it is “a financial instrument that derives its performance from the performance of an underlying asset.’’ There are t