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Large Value Transfer System |
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Large Value Transfer System An electronic system allowing Canadian banks to transfer large amounts of funds instantaneously. The banks may use the LVTS on behalf of clients, but perhaps the most common usage is the transfer of funds for short-term loans between banks, including the Central Bank of Canada. Importantly, LVTS transfers are irreversible so as to reduce the possibility of fraud and other risks. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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