By-laws, rules, standards and procedure documents are integral parts of the legal framework of the national payment systems that Payments Canada is legislated to establish and operate. They lay out the roles, responsibilities and obligations of our member financial institutions on the appropriate handling of payment items exchanged, cleared and settled via our payment systems. This includes requirements for participation in a payment system or scheme, procedures for the processing of payment items, and the requirements and timeframes for returning payment items, where eligible.
Payments Canada’s rules, standards and procedure documents are updated regularly and versions posted online are in force. You can contact Payments Canada for confirmation by e-mail at info@payments.ca.
Item | Title | Updated | System |
---|---|---|---|
Association By-law No. 6 |
Compliance
|
Retail batch payment system, High-value payment system - Lynx, System by-laws | |
Rule 4 |
Commencement
|
High-value payment system - Lynx | |
Rule 7 |
Settlement queues and conditional release mechanism
|
High-value payment system - Lynx | |
Rule 13 |
Suspension, revocation and reinstatement
|
High-value payment system - Lynx | |
TSP-004 |
Lynx throughput target
|
High-value payment system - Lynx | |
Association By-law No. 9 |
Lynx
|
High-value payment system - Lynx, System by-laws | |
Best practice |
Uniform treatment of wire payments
|
High-value payment system - Lynx | |
Rule 2 |
General
|
High-value payment system - Lynx | |
Rule 9 |
End of payments processing cycle
|
High-value payment system - Lynx | |
PRD-001 |
Settlement exchange transaction (SET)
|
High-value payment system - Lynx | |
PRD-002 |
Procedures for foreign currency transfers within Canada
|
High-value payment system - Lynx | |
PRD-003 |
Procedures for claims and compensation for US dollar and foreign currency transfers within Canada
|
High-value payment system - Lynx |