LYNX and Secondary curve: Difference between pages

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imported>Doug Williamson
(Create page - source - Bank of Canada - https://www.bankofcanada.ca/core-functions/monetary-policy/lynx/#lynx)
 
imported>Doug Williamson
(Create page. Sources: Linked pages.)
 
Line 1: Line 1:
''Funds transfer - Canada.''
''Securities - pricing.''


LYNX is the transfer system for large value real time payments in Canada, primarily between financial institutions.
A secondary yield curve describes the prices of securities trading in the secondary market, differentiated by their maturities.


LYNX became effective in 2021, replacing Canada's former Large Value Transfer System (LVTS).
For an individual issuer, its secondary curve is built from the prices of its own securities currently trading in the secondary market.
 
 
:<span style="color:#4B0082">'''''Tesco's SLB priced 15bps inside secondary curve'''''</span>
 
:"Investor interest in sustainability-linked bonds (SLB) is clear from the ‘greenium’ or pricing benefits issuers have enjoyed.
 
:Tesco’s [January 2021] SLB, for example, priced 15bps inside its secondary curve."
 
:''Agnes Gourc and Cecile Moitry - co-heads, sustainable finance markets - BNP Paribas - The Treasurer online - 10 June 2021''




== See also ==
== See also ==
* [[Canada]]
* [[Bond]]
* [[Clearing house]]
* [[bp]]
* [[Clearing House Automated Payment System]] (CHAPS)
* [[Green curve]]
* [[Clearing House Interbank Payment System]] (CHIPS)
* [[Green gilt]]
* [[Clearing system]]
* [[Maturity]]
* [[Interbank]]
* [[Premium]]
* [[LVPS]]
* [[Secondary market]]
* [[Transfer system]]
* [[Sustainability-linked bond]] (SLB)
* [[Yield curve]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 13:28, 21 July 2021

Securities - pricing.

A secondary yield curve describes the prices of securities trading in the secondary market, differentiated by their maturities.

For an individual issuer, its secondary curve is built from the prices of its own securities currently trading in the secondary market.


Tesco's SLB priced 15bps inside secondary curve
"Investor interest in sustainability-linked bonds (SLB) is clear from the ‘greenium’ or pricing benefits issuers have enjoyed.
Tesco’s [January 2021] SLB, for example, priced 15bps inside its secondary curve."
Agnes Gourc and Cecile Moitry - co-heads, sustainable finance markets - BNP Paribas - The Treasurer online - 10 June 2021


See also