By-law No. 7 Respecting the Large Value Transfer System
Version of section 51 from 2006-03-22 to 2015-07-31:
51 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.
- Date modified: