High-value payment systems (HVPSs) are typically liquidity intensive because payments are
settled on a gross basis. State-of-the-art solutions to this problem include algorithms that …

Using detailed data from Canada's new high-value payment system (HVPS), we show how
participants of the system save liquidity by exploiting the new gridlock resolution …

A new wholesale payments system launched in Canada in 2021. This real-time gross
settlement system, called Lynx, has two types of settlement mechanisms, one allowing …

We study the impact of tiered payments originating from client banks on the liquidity
consumption (relative intraday liquidity use) of settlement banks. Estimates of a panel data …

Modernizing Canada's wholesale payments system to Lynx from the Large Value Transfer
System (LVTS) brings two key changes:(1) the settlement model shifts from a hybrid system …

Offsetting algorithms in liquidity saving mechanisms (LSM) reduce liquidity needs of
payment systems participants by finding solutions to the Bank Clearing Problem (BCP). In …

Our layered machine learning framework can enhance real-time transaction monitoring in
high-value payment systems, which are a central piece of a country's financial infrastructure …