By-law No. 7 Respecting the Large Value Transfer System

65 In the event that communications between the LVTS central site and one or more participants are interrupted, the ability of the LVTS central site to receive, transmit, send, approve or otherwise process a payment message or administrative message is impaired, the safe and efficient operation of the LVTS is placed into question or some other emergency affects its operations, the General Manager may, with the prior agreement of the Bank of Canada and such other persons as may be designated by the Board,

• (a) change the hours of operation of the LVTS;

• (b) direct any, several, or all of the participants not to make payments through the LVTS pending resolution of the problem;

• (c) order the immediate termination of the LVTS cycle and an immediate settlement of the LVTS cycle on the books of the Bank of Canada;

• (d) refuse to permit the commencement of an LVTS cycle; or

• (e) direct such other action as the General Manager may deem necessary.