Publications and Research

2006
Credit in a Tiered Payments System
Alexandra Lai, Nikil Chande, and Sean O'Connor
Working Paper 2006-36

2006
Examining the Trade-Off between Settlement Delay and Intraday Liquidity in Canada’s LVTS: A Simulation Approach
Neville Arjani
Working Paper 2006-20

2006
Risk-Cost Frontier and Collateral Valuation in Securities Settlement Systems for Extreme Market Events
Alejandro García and Ramazan Gençay
Working Paper 2006-17

2006
LVTS, the Overnight Market, and Monetary Policy
Nadja Kamhi
Working Paper 2006-15

2005
The Impact of Unanticipated Defaults in Canada's Large Value Transfer System
Darcey McVanel
Working Paper 2005-25

Winter 2004-2005
The Bank of Canada as Lender of Last Resort
Fred Daniel, Walter Engert, and Dinah Maclean
Bank of Canada Review article

2003
Excess Collateral in the LVTS: How Much is Too Much?
Kim McPhail and Anastasia Vakos
Working Paper 2003-36

Autumn 2003
Developments, Issues, and Initiatives in Retail Payments
Sean O'Connor
Bank of Canada Review article

Autumn 2003
Technical Note: Elimination of Retroactive Settlement in the ACSS
Eric Tuer
Bank of Canada Review article

2003
Managing Operational Risk in Payment, Clearing, and Settlement Systems
Kim McPhail
Working Paper 2003-2

2002
Estimating Settlement Risk and the Potential for Contagion in Canada's Automated Clearing Settlement System
Carol Ann Northcott
Working Paper 2002-41

2002
CLS Bank: Managing Foreign Exchange Settlement Risk
Paul Miller and Carol Ann Northcott
Bank of Canada Review article

2001
Core Principles for Systemically Important Payments Systems and Their Application in Canada
Clyde Goodlet
Bank of Canada Review article

2001
The Elements of the Global Network for Large-Value Funds Transfers
J. Dingle
Working Paper 2001-1

1999
The Regulation of Central Securities Depositories and the Linkages between CSDs and Large-Value Payment Systems
C. Freedman
Technical Report No. 87

Autumn 1998
A primer on the implementation of monetary policy in the LVTS environment
Donna Howard
Bank of Canada Review article

1998
The LVTS—Canada's large-value transfer system
Jim Dingle
Bank of Canada Review article

Autumn 1997
Clearing and settlement systems and the Bank of Canada
C. Goodlet
Bank of Canada Review article

1996
The electronic purse: An overview of recent developments and policy issues
G. Stuber
Technical Report No. 74

1993
Certainty of Settlement and Loss Allocation with a Minimum of Collateral
W. Engert
Print copy available
Working Paper 93-14

1992
An Introduction to Multilateral Foreign Exchange Netting
W. Engert
Print copy available
Working Paper 92-5

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