Bank of Canada Oversight Activities during 2007 under the Payment Clearing and Settlement Act

The Bank of Canada’s Role in the Oversight of Clearing and Settlement Systems

The Organization of Private Payment Networks

O ne of the key roles banks have traditionally played is in the execution of payments among participants in the economy. Liabilities issued by banks, such as demand deposits, are a primary means of payment. The widespread acceptability of such private liabilities requires a reliable method for the settlement of such obligations. In a world where people and economic activity are dispersed in spa...

Some Economics of Private Digital Currency

This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits. In a model of platform management, we find that it will not likely be profitable for such currencies to expand to become fully convertible competitors to state-sponsored currencies. JEL Classification: D42, E4, L51 Bank Classification: bank notes, economic models,...

Intelligent Agent for Serious Game of Real Time Gross Settlement Using Forest Fire Model

The goal of the intelligent agent in this research is fulfill the settlement process in Real Time Gross Settlement (RTGS). The RTGS system is a payment settlement process for individual processing of payments in an electronic system for gross settlement in real time. Settlement process in this research is managed by clearing house. The mechanism at clearing house is a transmitter client sends a...

The Modern Integrated Payment System: The Iran Experience to Date

The payment system is a mechanism which enables cash-transfer (electronically) from one account to another regardless the location of the holding branch of each account. An integrated payment system covers all the inter-banking payments in a synchronized and continuous structure, and includes Real Time Gross Settlement System (RTGS), Automatic Clearing House (ACH), and the Scrip less Securities...