Improving the efficiency of payments systems using quantum computing
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 …
settled on a gross basis. State-of-the-art solutions to this problem include algorithms that …
How banks create gridlock to save liquidity in Canada's large value payment system
R Garratt, Z Lu, P Tian - 2023 - econstor.eu
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 …
participants of the system save liquidity by exploiting the new gridlock resolution …
Payment coordination and liquidity efficiency in wholesale payments systems
F Rivadeneyra, NY Zhang - Journal of Financial Market …, 2022 - papers.ssrn.com
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 …
settlement system, called Lynx, has two types of settlement mechanisms, one allowing …
No more tears without tiers? The impact of indirect settlement on liquidity use in TARGET2
J Paulick, R Berndsen, M Diehl, R Heijmans - Empirica, 2024 - Springer
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 …
consumption (relative intraday liquidity use) of settlement banks. Estimates of a panel data …
From LVTS to Lynx: Quantitative assessment of payment system transition
A Desai, Z Lu, H Rodrigo, J Sharples, P Tian, N Zhang - 2023 - econstor.eu
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 …
System (LVTS) brings two key changes:(1) the settlement model shifts from a hybrid system …
Finding a needle in a haystack: a machine learning framework for anomaly detection in payment systems
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 …
high-value payment systems, which are a central piece of a country's financial infrastructure …