The Large Value Transfer System, or LVTS, is an electronic wire system that lets financial institutions and their customers send large payments securely in real time, with certainty that the payment will settle. It was launched in 1999.
A brief description of the LVTS and its role in implementing monetary policy
by Neville Arjani and Darcey McVanel
Two discussion papers, setting out a proposed framework for implementing monetary policy in the LVTS environment, were published (November 1995 and March 1996) before the final report (next) was issued in January 1999.
Final report, January 1999.
Excerpt from the book Planning an Evolution: The Story of the Canadian Payments Association, 1980-2002, by James Dingle