Canadian Payments Association By-law No. 2 — Finance

Marginal note:Definitions

1 The following definitions apply in this By-law.

amalgamated member

amalgamated member means a member formed by the amalgamation or merger of members or of members and non-members. (membre fusionné)

common services costs

common services costs means the costs incurred by the Association to provide services for the benefit of all members and participants, including management services — such as services in relation to human resources, accounting or finances — the development and revision of policies and rules and research services provided in collaboration with members and stakeholders. (coût des services communs)

common services dues

common services dues means the dues determined under subsection 5(1). (cotisation pour services communs)

direct operating costs

direct operating costs mean the costs incurred by the Association to operate a system. (frais d’exploitation directs)

participant

participant means

• (a) a participant as defined in section 1 of the By-law No. 7 Respecting the Large Value Transfer System;

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

• (c) a direct clearer or group clearer as those terms are defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System; or

• (d) a party to any other system. (participant)

service fees

service fees means the fees that are referred to in section 7. (droits de service)

system

system means

• (a) the Automated Clearing Settlement System as defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System;

• (b) the Large Value Transfer System as defined in section 1 of the By-law No. 7 Respecting the Large Value Transfer System;

• (c) Lynx as defined in section 1 of the Canadian Payments Association By-law No. 9 — Lynx; or

• (d) any other clearing and settlement system, payment system or system or arrangement that is established or operated by the Association. (système)

transaction fees

transaction fees means the fees that are referred to in subsection 6(1). (droits de transaction)