Payments & Liquidity

Liquidity Optimization in Gross Settlement Systems with Quantum Reordering: Application to TARGET2

Bank of Canada staff paper applying quantum reordering to the Italian segment of TARGET2 to reduce liquidity needs in high-value payments. It reports average savings of EUR 23 million to EUR 38 million on small batches, compares results with simulated annealing, and identifies batch features linked to higher savings.

Topics: payments, regulation, policy, settlement, ai

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