Large Value Transfer System - LVTS
Categories: Banking
Large Value Transfer System. Just another name for taxes? For capitalism? For the lottery?
Actually, none of these. The term refers to the wire transfer system in Canada.
You live in Toronto and you want to send a large sum of money to your sister in Halifax. You would use the LVTS. Overseen by the Bank of Canada, the country's central bank, the system facilitates the sending of big-money wire transfers securely and in real time.