Lynx
Lynx is Canada's high-value RTGS payments system that settles transactions in real time with immediate finality. It is used for large-value and time-critical interbank payments.
Lynx is operated by Payments Canada and settles in central bank money. It is commonly used for interbank transfers, securities-related payments, and large commercial transactions.
Related Terms
RTGS
Real-Time Gross Settlement
RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...
Wire Transfer
A wire transfer is an electronic transfer of funds between banks or financial institutions. Wire tra...
EFT
Electronic Funds Transfer
EFT is a broad term for any transfer of money from one bank account to another through electronic me...
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