Contents
- Act means the Canadian Payments Act. (Loi)
- Bank means the Bank of Canada. (Banque)
- business day has the same meaning as in the Rules. (jour o…
- collateral means a form of collateral that is identified b…
- conditional release mechanism means a mechanism in Lynx in…
- entry means, in respect of an entry to a Lynx account or a…
- finalization window means the final window of the payments…
- financial message service provider means a person who, or…
- intraday loan means a loan made by the Bank to a participa…
- intraday loan account means an account on the books of the…
- Lynx means the electronic funds transfer system that is ow…
- Lynx account means an account on the books of the Bank tha…
- Lynx operating schedule means the schedule for Lynx operat…
- Lynx payment obligation means the obligation of a sending…
- overnight advance means a loan that has a term of one busi…
- participant means a member who is approved to participate…
- payee means the person, including a receiving participant,…
- payment confirmation reference number means the alpha-nume…
- payment message means an electronic message that contains…
- payments processing cycle means the portion of the Lynx op…
- pledge means a grant to the Bank of security in collateral…
- real-time settlement mechanism means the settlement mechan…
- receiving participant means a participant who receives a p…
- reserved collateral mechanism means the settlement mechani…
- Rules means the rules made by the Board respecting Lynx. (…
- sending participant means a participant who sends a paymen…
- settlement instructions means information contained in a p…
- settlement mechanism means a mechanism in Lynx that is use…
reserved collateral mechanism means the settlement mechanism that is used only to settle Lynx payment obligations that are between the Bank and a participant and for which the payee is CDS Clearing and Depository Services Inc., a corporation incorporated under the Canada Business Corporations Act. (mécanisme de garantie réservée)
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.