Financial System
Payments and other clearing and settlement systems
The Canadian Payments Association
Presentations |
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| Presentation | "The Canadian Payments System: Recent Developments in Structure and Regulation", C. Freedman and C. Goodlet, May 1998. |
| Summary | The presentation describes the principal risks that can arise in clearing and settlement systems. There is a discussion of the public policy objectives in clearing and settlement systems and the efficiency/safety trade-offs involved in the design of such systems. The development and design of the Large Value Transfer System (LVTS) is described, including its risk-control structures. Finally, the Payment Clearing and Settlement Act and the role of the Bank vis-a-vis large value clearing and settlement systems is examined.
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