What is ‘Large Value Transfer System – LVTS’
An electronic wire payment system in Canada, facilitating the transfer of funds between large financial institutions, including the central Bank of Canada.
Explaining ‘Large Value Transfer System – LVTS’
LVTS transactions can be performed for banks or their clients. These transactions are instant, which improves the quickness and efficiency of business transactions. Once the transaction is sent through the system, it can not be reversed. This prevents insufficient funds, stop payments and fraud.
For example, because financial institutions borrow and lend money to each other, at the end of the day some firms have a shortage of money, while other firms have an excess amount. They use the LVTS to close out these short and long positions.
Large Value Transfer System (lvts) FAQ
What does Lvts stand for?
What is a high value payment?
Which are real time large value payments?
What is retail payment system?
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- The LVTS-Canada's large-value transfer system – ideas.repec.org [PDF]
- Network analysis and Canada's large value transfer system – www.econstor.eu [PDF]
- Which Bank is the'Central'Bank? An Application of Markov Theory to the Canadian Large Value Transfer System – papers.ssrn.com [PDF]
- Estimating the demand for settlement balances in the Canadian Large Value Transfer System – www.econstor.eu [PDF]
- Examining Full Collateral Coverage in Canada's Large Value Transfer System – www.econstor.eu [PDF]
- Global trends in large-value payments – papers.ssrn.com [PDF]
- A System with Zero Reserves and with Clearing Outside of the Central Bank: The Canadian Case – www.tandfonline.com [PDF]