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Bank of Canada RSS Feedsen2024-03-29T14:42:00+00:00Losses from Simulated Defaults in Canada's Large Value Transfer System
https://www.bankofcanada.ca/2010/10/discussion-paper-2010-14/
The Large Value Transfer System (LVTS) loss-sharing mechanism was designed to ensure that, in the event of a one-participant default, the collateral pledged by direct members of the system would be sufficient to cover the largest possible net debit position of a defaulting participant. However, the situation may not hold if the indirect effects of the defaults are taken into consideration, or if two participants default during the same payment cycle.2010-10-21T14:11:53+00:00enLosses from Simulated Defaults in Canada's Large Value Transfer System2010-10-21Financial institutionsFinancial stabilityPayment clearing and settlement systemsDiscussion Paper 2010-14 https://www.bankofcanada.ca/wp-content/uploads/2010/10/dp10-14.pdfLosses from Simulated Defaults in Canada's Large Value Transfer SystemNellie ZhangTom HossfeldOctober 2010EE4E47GG2G21