At the End of Each Banking Day, Each LVTS Participant

question 70

Multiple Choice

At the end of each banking day, each LVTS participant must bring its settlement balance with the Bank of Canada ________.

• A) close to zero
• B) to a positive balance
• C) to a negative balance
• D) to at least $1 million

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines the terms and conditions of a particular arrangement.

Mediation

A form of conflict resolution where a neutral third party helps disputing parties find a mutually acceptable solution.

Rules of Evidence

The standards and criteria used to determine what information is admissible in a court of law.

Arbitrators

Individuals or panels that are appointed to resolve disputes between parties through an arbitration process, often as an alternative to litigation.