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1 The following definitions apply in this By-law.

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)

participant

participant  means a participantas defined in section 1 of the By-law No. 7 Respecting the Large Value Transfer System, a direct clearer or group cleareras defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System or a party to any other system. (participant)

system

system  means the Automated Clearing Settlement Systemas defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System, the Large Value Transfer Systemas defined in section 1 of the By-law No. 7 Respecting the Large Value Transfer System or any other clearing and settlement system, payment system or system or arrangement established or operated by the Association. (système)

1 The following definitions apply in this By-law.

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)

participant

participant  means

• [...]

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

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

system

system  means

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

• [...]

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

[...]

Marginal note:Determination of amount

• 5 (1) For each fiscal year, each member must pay dues in respect of the common services costs, in an amount determined in accordance with the formula

  A/B

  where

  A 

  is the amount estimated to be the costs, for the Association, of providing the services that are of equal benefit to all of the members, as determined by the Board in the previous fiscal year; and

  B 

  is the estimated number of members on the first day of the fiscal year, as determined by the Board in the previous fiscal year.

Marginal note:First year of membership

• 4 (1) A new member, other than an amalgamated member or a member that is designated as a bridge institution under the Canada Deposit Insurance Corporation Act, must, in respect of its first year of membership, pay the full amount of the common services dues for the fiscal year in which it became a member.

• [...]

• Marginal note:Change of name

  (3) For greater certainty, a member that changes its name, other than as part of a merger or amalgamation, is not a new member.

[...]

Marginal note:First year of membership

• [...]

• Marginal note:Change of name

  (3) For greater certainty, a member that changes its name, other than as part of a merger or amalgamation, is not a new member.