That's a great question.
If a transaction is split between the exchange of values between end consumers and businesses, that part we don't typically get involved in. Historically, the settlement between the sender and the receiving institution or bank is the part that we clear through Bank of Canada settlement accounts. That mix of exchange, clearing and settlement through Bank of Canada accounts with RTR actually gets combined; all three of those steps start happening in a subsecond transaction.
That's why it was important.... With regard to RTR, it's the first time we have purview into some of the origin of where fraud occurs. The discussions we've been hearing so far are generally at the exchange level.