Terms/Questions per Day

Terms

23 new/unreviewed 23 total

Term

Lynx

Definition

Canada's high value payment system, electronic wire system used by participating financial institutions to safely send wire payments on behalf of their customers in canadian dollars

New/Unreviewed

Term

Four criteria of Lynx

Definition

Maintain a settlement account at the Bank of Canada, have the facilities to pledge collateral to the Bank of Canada for Lynx purposes, member of swift, meet certain tech requirements set out in the Lynx rules

New/Unreviewed

Term

Key players of Lynx

Definition

Payments Canada, Swift, Lynx participants, Bank of Canada, and the Minister of Finance

New/Unreviewed
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