Domestic
PAYMENTS SIGNAL · REFERENCE CARDA Lynx wire payment (Canada's RTGS)
A high-value Canadian dollar wire clears and settles one payment at a time across Lynx — central-bank money moves at the Bank of Canada with real-time finality, and the payment is irrevocable.
Actors
- Bank Alfa (sending bank)bank
- Lynx (Payments Canada)infrastructure
- Bank of Canada (settlement)infrastructure
- Nordbank (receiving bank)bank
Messages
- FI to FI customer credit transfer (pacs.008)
The sequence
| # | Step | Route | Kind |
|---|---|---|---|
| 1 | Lynx wire (pacs.008) — Bank Alfa submits the Lynx wire payment | Bank Alfa → Lynx | message |
| 2 | Clearing check — Lynx checks the settlement balance | Lynx → Bank of Canada | clearing |
| 3 | Gross settlement — The Bank of Canada settles the payment | Bank of Canada → Nordbank | settlement |
| 4 | Settlement confirmation — Nordbank is told the payment is final | Lynx → Nordbank | message |
| 5 | Book the funds — Nordbank books the funds | Nordbank | posting |
Exception rails
| Rail | Trigger | Where the money ends up | Next action |
|---|---|---|---|
| Not enough settlement balance | Bank Alfa's settlement account at the Bank of Canada does not hold CAD 900,000.00 when Lynx checks it. | The beneficiary is paid only once Bank Alfa funds settlement and the queued wire clears the Bank of Canada. · Settlement waited on liquidity — the payment did not settle until the settlement account was covered. | Bank Alfa — Bank Alfa manages its intraday liquidity so high-value wires do not sit in the queue late in the day. |