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    • LVCS

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    The Reserve Bank established a Low Value Clearing Service (LVCS) in June 2010. The main purpose of this service is to facilitate file transfers between clearing participants, including the ability to transfer files between the Telstra COIN and SWIFT.

    The Low Value Clearing Service (Clearing Interconnector) Member Documentation, May 2010(PDF) provides information about the service and includes details on the administrative arrangements required for the set-up of participants and the activation of file transfers between each party.

    The Clearing Interconnector Service Information Paper, June 2009 (PDF) provides high-level information on how the LVCS operates.

    Refer also LVCS User Guide.