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Topic: Value transfer system


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In the News (Fri 17 Feb 12)

  
  Part I: Interbank Payment And Settlement Mechanisms
Of such systems, large­value funds transfer systems are usually distinguished from retail funds transfer systems that handle a large volume of payments of relatively low value in such forms as cheques, giro credit transfers, automated clearing house transactions and electronic funds transfers at the point of sale.
In principle, the payment messages may be credit transfers or debit transfers, although in practice virtually all modern large­value funds transfer systems are credit transfer systems in which both payment messages and funds move from the bank of the payer (the sending bank) to the bank of the payee (the receiving bank).
Systems can in principle be grouped into two types, designated­time (or deferred) settlement systems and real­time (or continuous) settlement systems, depending on whether they settle at pre­specified points in time or on a continuous basis.
riskinstitute.ch /138960.htm   (3024 words)

  
 Mailing system with postage value transfer and accounting capability - Patent 4760534
Systems have been developed and are presently in commercial use for the transfer of funds from one meter being taken out of service to another meter being placed in service.
Communication between the central station and the mail sender allows postage value to be transferred to and from the user by the central station and mailing and verification data to be sent to the central station from the mail sender.
Upon transfer of funds, a selected amount of postage value residing in the NVM 26 of the server 25 is transferred from the NVM 60 of the card 50 so that the ascending and descending registers to the NVM 60 may be refreshed.
www.freepatentsonline.com /4760534.html   (7430 words)

  
 System Realization   (Site not responding. Last check: 2007-09-15)
Since the transfer function is first order (that is, the highest power of s in the denominator is 1) we know that we can realize this transfer function with a first order state equation (that is, a state equation with one state).
Again, since the transfer function is first order (that is, the highest power of s in the denominator is 1) we know that we can realize this transfer function with a first order state equation (that is, a state equation with one state).
Since a transfer function is entirely determined in terms of its impulse response, this shows that there are any infinite number of observable and uncontrollable realizations, an infinite number of controllable and unobservable realization, and an infinite number of controllable and observable realizations, all for the same transfer function.
academic.csuohio.edu /simond/linearsystems/realization   (373 words)

  
 State Policy and Community College Baccalaureate Transfer
Performance measures are not related to funding incentives, except in North Carolina, where performance goals for transfer are tied to incentive funding, although the incentives are weak for increasing the volume of transfer students or for ensuring that they obtain the baccalaureate degree.
Goals and performance standards for 2/4 transfer are probably the weakest link in the transfer chain in every state, and accountability for transfer is unlikely to be resolved without greater clarity about goals and performance.
To the extent that there is a transfer performance problem, as distinguished from a transfer accountability problem, it arises on two-year campuses that do not have a traditional commitment to academic transfer preparation.
www.highereducation.org /reports/transfer/transfer15.shtml   (1655 words)

  
 transferring value (money) using the internet
The value transfer organisation, whether a bank or and internet-based company, will make a positive check back with you that you are who you say you are, that your email is valid, and so on.
However, value transfer systems such as e-gold and moneybookers are not restricted like this.
Transfers are made electronically, while the gold remains safe in the vault.
www.abelard.org /value-transfer.htm   (4865 words)

  
 Lanco Assembly Systems
The HFL 2002-S Transfer System is a modular, non-synchronous pallet transfer system that is an efficient platform for construction of assembly and test systems.
The HFL 2002-S Transfer System is a modular platform that can be easily re-configured to match our customer's changing needs and requirements.
The ease of re-configuring the system allows the customer to minimize initial capital investments and to amortize the investment value over the life of the product by adding the required automation as the needs arise and re-utilizing previous investment into new business ventures.
www.lanco.net /Transportsystem.htm   (243 words)

  
 Amphibious Bulk Liquid Transfer System
System includes 10,000 feet of 6" buoyant hose for fuel, and 10,000 ft of 4" buoyant hose for water.
System are deployed on Maritime Pre-positioning Squadrons, and are normally used in direct support of maritime pre-positioning force operations.
The system consists of a fuel subsystem and a potable water system.
www.globalsecurity.org /military/systems/ship/ablts.htm   (287 words)

  
 The Canadian Monetary System
With the introduction of the Canadian Payments Association’s electronic system for the transfer of payments (the Large Value Transfer System or LVTS), a new approach to the implementation of monetary policy was adopted on 4 February 1999.
The Bank would therefore arrange a net increase of $100 million in the government deposits auction to leave the system unchanged (or a net increase of $200 million to increase the level of balances in the system by $100 million).
In fact, trades should occur at rates within the band since it is typically more advantageous for both the lending and borrowing parties to trade at a rate within the band than to resort to the Bank of Canada facilities at the limits of the operating band.
wfhummel.cnchost.com /canadiansystem.html   (1218 words)

  
 Informal value transfer system - Wikipedia, the free encyclopedia
An informal value transfer system (IVTS) refers to any system, mechanism, or network of people that receives money for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not in the same form.
Informal value transfers generally take place outside of the conventional banking system through non-bank financial institutions or other business entities whose primary business activity may not be the transmission of money.
The systems were established originally on the Indian subcontinent in Asia as a means of settling accounts within villages.
en.wikipedia.org /wiki/Informal_value_transfer_system   (652 words)

  
 Money Transfer Technology Brings Canada Up to Speed
In a worst-case scenario, a bad money transfer for a large amount could cause a domino effect across the banking system, as company after company and bank after bank drew on nonexistent funds to make payments, transfers and withdrawals.
Called the Large Value Transfer System (LVTS), the system was launched in February 1999.
She says the system was one of the top five worldwide, and it was installed at just the right time.
www.computerworld.com /printthis/2000/0,4814,45427,00.html   (584 words)

  
 VALVE: Copy Data, Limiting Transfer Rate
However, when the operation in question consumes scarce shared disc or network transfer bandwidth (for example, when copying large files between machines on a local network or across the Internet), it may be wise to limit the transfer rate to avoid degrading performance for other users or applications.
In an ideal world, wise and benevolent operating systems would automatically throttle bandwidth to achieve this goal, but as we all know, ours is not an ideal world, nor are operating systems, for the most part, wise or benevolent.
Suppose you're logged into a local system and you with to transfer the contents of the current directory to a directory named ``/mirror/files/'' on a remote system named somewhere.ratburger.net, while limiting the transfer rate to 256 Kb/sec to avoid saturating your outbound bandwidth or the inbound bandwidth of the destination site.
www.fourmilab.ch /webtools/valve   (1075 words)

  
 FRB: Stored-Value Cards and Other Prepaid Products
The roundtable discussion was held at the Board of Governors of the Federal Reserve System in Washington, D.C., on November 12, 2004.
The term stored value was associated with products for which prefunded value is recorded on the payment instrument.
In particular, open-system systems have typically been designed to process credit or debit cards and are still evolving in their processing of prepaid cards.
www.federalreserve.gov /paymentsystems/storedvalue/default.htm   (3400 words)

  
 By-law No. 7 Respecting the Large Value Transfer System   (Site not responding. Last check: 2007-09-15)
(2) The absolute value of each participant's tranche 1 net debit cap is an amount equal to the value of the collateral, as determined by the Bank of Canada in accordance with section 31, apportioned in support of its tranche 1 payment messages for the LVTS cycle.
(2) The value of the collateral referred to in subsection (1), determined by the Bank of Canada under section 31, must be at least equal to the sum of the participant's maximum ASO and the absolute value of its tranche 1 net debit cap for the LVTS cycle.
(2) If the value of the participant's collateral pledged exceeds the sum of the participant's maximum ASO and the absolute value of its tranche 1 net debit cap, the participant shall, on request for a release being made to the Bank of Canada, obtain a release of the excess collateral from the pledge.
laws.justice.gc.ca /en/C-21/SOR-2001-281/text.html   (6387 words)

  
 Light-value system - Camerapedia.org
The Light-value system is a device, usually found on leaf-shutter cameras of the late 1950s, that couples the speed and aperture rings.
This system was made outdated by the direct coupling of the camera's internal exposure meter to the aperture and speed controls.
The need for a separate Light-value scale had disappeared, and the ability to switch the aperture and speed together was only retained in some cameras having both rings placed side by side and turning in the same direction, so that they can be turned together when grabbing both of them.
www.camerapedia.org /wiki/Light-value_system   (199 words)

  
 Systemics Announces First Internet Trading System
Systemics issued its own debt as one year zero coupon bonds with a face value of USD 10.
The challenge was to turn it from a message passing system into a value passing system." The Systemics payment system works on the notion of a value-containing box that is controlled by a PGP key.
In this case, the server ascribes value to the box, and the users write instructions to transfer value from one box to another.
www.systemics.com /legal/digigold/discovery/postings/1996-07-17.html   (1913 words)

  
 Fedwire Funds Transfer System
Regulation J also applies to other parties to a funds transfer that might be carried out, in whole or in part, through Fedwire, if such parties are aware that Fedwire might be used to complete the transfer.
The system should have clearly defined procedures for the management of credit risks and liquidity risks, which specify the respective responsibilities of the system operator and the participants and which provide appropriate incentives to manage and contain those risks.
These changes helped eliminate the need for manual modifications of transfer messages that were received from or transferred to other communication networks or funds transfer systems.
www.federalreserve.gov /paymentsystems/coreprinciples/default.htm   (10392 words)

  
 Check Collection and Funds Transfer - Regulation J
Subpart B of this part is federal law and is not a ``funds- transfer system rule,'' as defined in section 4A-501(b) of Article 4A, Funds Transfers, of the Uniform Commercial Code (UCC), as set forth in appendix B of this subpart.
It does not affect state law governing funds transfers that does not conflict with the provisions of subpart B of this part, such as Article 4A, as enacted in any state, as it applies to parties to funds transfers through Fedwire whose rights are not governed by subpart B of this part.
Other parties to a funds transfer are covered by this subpart to the same extent that this subpart would apply to them if this subpart were a ``funds-transfer system rule'' under Article 4A that selected subpart B of this part as the governing law.
www.cardreport.com /laws/regj.html   (12944 words)

  
 Value transfer system - Wikipedia, the free encyclopedia
A value transfer system refers to any system, mechanism, or network of people that receives money for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not in the same form.
A value transfer system may fall into one or more of these groups:
(Also, banks and post offices usually support various forms of transferring funds.)
en.wikipedia.org /wiki/Value_transfer_system   (131 words)

  
 Large Value Transfer System
With globalization of trade, businesses are dependent on efficient and reliable payment systems.
The Large Value Transfer System (LVTS) was developed by Scotiabank in concert with members of the banking industry, to ensure rapid, secure and certain payment of large funds transfers between financial institutions within Canada.
The LVTS is a risk-proofing, collateral-backed system that requires all participating banks to pledge collateral to the Bank of Canada.
www.scotiabank.com /cda/content/0,1608,CID6182_LIDen,00.html   (152 words)

  
 Canadian Payments Association - Large Value Transfer System (LVTS) Overview
LVTS is an electronic wire system introduced by the CPA in February 1999 to facilitate the transfer of irrevocable payments in Canadian dollars across the country.
LVTS is the first model of its kind in the world, a hybrid that combines the benefits of the two main models for current payment systems.
Over 18,000 LVTS payments were processed each day, with the average value of a transaction in the range of $8 million.
www.cdnpay.ca /systems/lvts_overview.asp   (402 words)

  
 Large Value Transfer System - Large Value Transfer System (LVTS) - Monetary Policy - Bank of Canada
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.
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.
The framework for the implementation of monetary policy in the Large Value Transfer System environment
www.bank-banque-canada.ca /en/monetary/lvts/index.html   (201 words)

  
 Large Value Transfer System Overview
The Large Value Transfer System (LVTS) is the wire transfer system for Canadian dollar wire transfers in Canada between Participants.
The Participants are those members of the CPA which provide an acceptable system interface to LVTS, and which have a settlement account at the Bank of Canada.
Within the Tranche 1 Payment type there has been provision made for using collateral that is transferred to the Bank of Canada during the CDSX payment exchange period and that is designated by the Participant as Reserved Collateral.
www.cdnpay.ca /rules/lvts_rule_overview.asp   (1675 words)

  
 Glossary
The Federal Reserve’s computing system providing reserve account information to the Federal Reserve Banks and depository institutions (DI) on an intraday basis.  ABMS serves both as an informational source and a monitoring tool.  This information includes opening balances, funds and security transfers, accounting activity, and DI cap and collateral limits.
A type of EFT system involving the transfer of public entitlement payments, such as welfare or food stamps, through direct deposit or point-of-sale technology (see POS).  The recipient can be given an identification card, similar to a benefit card, and a PIN allowing access to the benefits through an electronic network.
A wholesale payment system used primarily by financial institutions in which large values of funds are transferred between parties.
www.ffiec.gov /ffiecinfobase/booklets/Retail/retail_05_gloss.html   (2952 words)

  
 Intel File Transfer System - Home
The Intel File Transfer System (FTS) is an Intel-owned and maintained service that is used to securely route binary files between Intel business groups and other companies, which are referred to as trading entities (TE's) in this document.
Intel business groups can also initiate transfers that will be routed through the system to trading entities ("outbound files").
However, if a TE wishes to build or use their own secure file transfer capability based on either HTTPS or secure FTP, then all resultant costs are the responsibility of the TE.
supplier.intel.com /filetransfer   (2566 words)

  
 NH Transfer   (Site not responding. Last check: 2007-09-15)
Formal articulation agreements between the two systems now allow for the transfer of general education course credits completed at an NHCTCS college to any USNH institution.
Education is important in developing the ability of each person to think, reason and participate fully in all facets of life.
The NH Community Technical College System and the University System of New Hampshire play a pivotal role in this effort for students in New Hampshire and are proud to work together to deliver a high degree of access, value and opportunity to students in fulfilling their higher education goals.
www.nhtransfer.org   (388 words)

  
 Real Time Gross Settlement System, RTGS, RBI
RTGS is a large value funds transfer system whereby financial intermediaries can settle interbank transfers for their own account as well as for their customers.
The system effects final settlement of interbank funds transfers on a continuous, transaction- by-transaction basis throughout the processing day.
The system went ‘live’ on March 26 with State Bank of India, HDFC Bank, Standard Chartered Bank, and Saraswat Co-operative bank.
www.banknetindia.com /banking/rtgs1.htm   (417 words)

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