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.
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References in periodicals archive ?
Stefano Iannacone , regional director of Mapei Construction Chemicals, said: "We see huge potential in the market for LVT with the increasing amount of hotel and domestic refurbishments in the UAE.
Two of our LVTs have been members of the AAV or the Association of Reptile and Amphibian Veterinarians (ARAV) over the years but did not find value in renewing these memberships.
Ryan Veterinary Hospital, The University of Pennsylvania, Philadelphia, PA, USA; Lorelei Tibbetts, LVT, The Center for Avian and Exotic Pet Care, New York, NY, USA; and Suzanne Topor, DVM, Livingston Animal and Avian Hospital, Lutz, FL, USA.
The LVT will have the chance to determine the correct amount owing and the Landlord must then wait 14 days before issuing a claim for forfeiture.
THE landlord cannot serve a notice threatening to forfeit a lease due to alleged breaches, unless either the leaseholder has admitted the breach or an LVT has decided so.
The remainder of this section describes the evolution of three systems--Fedwire, TARGET, and LVTS.
LVTS is a real-time net settlement system which was introduced in 1999.
LVTS will gradually change the way Canadians do business."
LVTS can transfer Canadian dollar payments between LVTS participants anywhere in Canada, in a matter of seconds.
Before the LVTS was put in place, Canadian banks settled billions of dollars in payments by using a combination of paper checks and wire transfers.
The LVT, part of the Residential Property Tribunal Service (RPTS), is strictly impartial - it is available equally to lessees, tenants and landlords - and every case is treated on its merits.
The baptism for LVT A4 flamethrower vehicles came shortly after their delivery to the Navy in September 1944, where they were used during fighting on Peleliu in the South Pacific and later at Ngesebus to destroy caves and bunkers (in conjunction with the 75-millimeter armed LVT A4s, tank dozers, and infantry support).