Large Value Transit System (LVTS) - Advances

Money Fact Sheet #8

Provided by The Bank of Canada and brought to you by www.BaileyBusinessFunds.com

 

Large Value Transit Systems - Advances

An advance to an LVTS (Large Value Transfer System) participant to cover a deficit in its end-of-day cash position.

NOTE: The LVTS advance is commonly referred to as an overdraft loan. The interest rate on the one-business-day loan is set at the Bank Rate.

SEE ALSO The framework for the implementation of monetary policy in the Large Value Transfer System environment and “The LVTS—Canada's large-value transfer system” and “A primer on the implementation of monetary policy in the LVTS environment” published in the Autumn 1998 Bank of Canada Review

 

Produced by The Bank of Canada Copyright © 1995 - 2008, Bank of Canada. Permission is granted to reproduce or cite portions herein, if attribution is given to the Bank of Canada. Read our privacy statement.

 

About Bailey Business Funds

For the past 17 years, Bailey Business Funds has been matching up Entrepreneurs with millions of dollars of Debt and Equity Investment throughout Canada and the USA.

Bailey Business Funds are well versed in knowing what investors want to hear and how they want to hear it. Bailey Business Funds' founder not only faced off the Dragons on the Dragon's Den in Spring 2010, but also came away with endorsements and kudos from the King Dragon himself, Kevin O'Leary http://blog.baileyfunds.com)

                     Some of our clients have sent us thank you letters or emails;

Please follow this link to our References page for feedback from our valued customers.