The large value transfer system has time saving benefits for both payors and payees.

• Payors can rely on a reliable network with full immediate and online back-up.
  
  
• Confirmation of payment to the payee's financial institution.
  
  
• Ability to initiate payment on the date due, as opposed to needing to initiate payment one or more days earlier.

LVTS Features that Benefit Payees

• Same day real-value transaction as opposed to a provisional, paper-clearing transaction.
  
  
• Confirmation of payment to the payee's financial institution.
  
  
• Extended payment cut-off times. With LVTS, payments initiated by 5:30 ET will be credited to the payees' account with same-day settlement. Funds are available and accessible immediately upon receipt.

Enhancing Competitiveness

At Scotiabank, we continue to work with the CPA to make sure that the system enhances the competitiveness of Canadian businesses within and beyond our borders. At the same time, we will continue to ensure that LVTS causes no disruption for clients conducting large value transfers.

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