With globalization of trade, businesses are dependent on efficient and reliable payment systems. The Large Value Transfer System (LVTS) was developed by Scotiabank in concert with members of the banking industry, to ensure rapid, secure and certain payment of large funds transfers between financial institutions within Canada.

Supporting Business Transactions

Speed
The LVTS verifies each payment immediately. The guaranteed money is credited to your account on the same business day it is received. This speed allows you to access and utilize your funds without delay.

Security
The LVTS is a risk-proofing, collateral-backed system that requires all participating banks to pledge collateral to the Bank of Canada. With the Bank of Canada also guaranteeing any potential shortfall, the LVTS provides you the highest level of assurance.

Certainty
The LVTS conducts a series of tests to ensure that payment will be honoured. Once a payment is sent through the system, it cannot be returned.

For more details'

For more information about the Large Value Transfer System, please contact us.