Lynx is replacing the Large Value Transfer System (LVTS), which has served as Canada’s high-value payment system for over 20 years.
Designated by the Bank of Canada as a systemically important payment system under the Payment Clearing and Settlement Act, Lynx will process large value, time-critical payments with real-time settlement finality and will provide cybersecurity and resiliency capabilities.
Lynx will be owned and operated by Payments Canada and overseen by the Bank of Canada.
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