Large Value Transfer System (LVTS)

A Large Value Transfer System (LVTS) is a type of electronic funds transfer system designed to handle high-value, time-sensitive payments between financial institutions. These systems are typically used for transactions that involve significant sums of money, such as interbank transfers, large corporate payments, and settlements of financial market transactions. The LVTS is essential for ensuring the smooth functioning of a country’s financial system, particularly for its role in the settlement of large-value transactions.