TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LARGE VALUE TRANSFER SYSTEM [1 record]

Record 1 2002-12-11

English

Subject field(s)
  • System Names
  • Banking
  • Government Accounting
DEF

An electronic funds transfer system introduced in February 1999 and operated by the Canadian Payments Association (CPA). As Canada's new wire payment mechanism, it facilitates the electronic transfer of Canadian dollar payments across the country virtually instantaneously. Although the benefits of LVTS are particularly relevant for large-value transactions, it can be used for payments of any amount, especially those that are time-sensitive.

French

Domaine(s)
  • Noms de systèmes
  • Banque
  • Comptabilité publique
DEF

Système électronique de transfert de fonds qui a été introduit en février 1999 et qui est exploité par l'Association canadienne des paiements (ACP). En tant que nouvelle méthode de paiement, il transfère presque instantanément, par voie électronique, les paiements en dollars canadiens partout au pays. Même si le STPGV est particulièrement avantageux pour les transactions de grande valeur, il peut être utilisé pour des paiements de n'importe quel montant, surtout pour ceux qui doivent être effectués rapidement.

Spanish

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