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By-law No. 7 Respecting the Large Value Transfer System

Version of section 51 from 2006-03-22 to 2015-07-31:


 Nothing in sections 43 to 50 affects any right or remedy that a participant or any person may have under the general law, including, without limitation, the law governing mistake, unjust enrichment or restitution to recover the amount or excess amount of a payment message from any person after that amount was erroneously made available under this by-law including, without limitation, on the basis of

  • (a) an erroneous payment message that results in payment being made to a person not intended to receive payment;

  • (b) an erroneous payment message that results in payment being made to a payee in an amount other than the amount intended; or

  • (c) an erroneously transmitted duplicate payment message.


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