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Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System

Version of section 5 from 2021-08-28 to 2022-05-31:

Marginal note:Means of settlement

 Settlement is effected by one of the following means, as specified in the rules:

  • (a) by a payment message within the meaning of section 1 of By-law No. 7 Respecting the Large Value Transfer System;

  • (a.1) by a payment message as defined in section 1 of the Canadian Payments Association By-law No. 9 — Lynx;

  • (b) on the basis of clearing balances established by the ACSS; or

  • (c) through a clearing agent.

  • SOR/2021-182, s. 54

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