Delivery versus payment: Difference between revisions
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{{g}}[[Delivery versus payment]] or [[DvP]] is a common form of settlement for {{tag|securities}}. The process involves the simultaneous exchange of the securities (or the documents necessary to transfer them) with the agreed cash consideration. If either side fails, the other side does not happen, so the parties have only limited market exposure to each other. | {{g}}[[Delivery versus payment]] or [[DvP]] is a common form of settlement for {{tag|securities}}. The process involves the simultaneous exchange of the securities (or the documents necessary to transfer them) with the agreed cash consideration. If either side fails, the other side does not happen, so the parties have only limited market exposure to each other. | ||
{{sa}} | {{sa}} | ||
*[[Free of payment]] | |||
*{{cobsprov|DVP exemption}} from client assets and client money rules | *{{cobsprov|DVP exemption}} from client assets and client money rules | ||
Revision as of 17:30, 12 February 2020
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Delivery versus payment or DvP is a common form of settlement for securities. The process involves the simultaneous exchange of the securities (or the documents necessary to transfer them) with the agreed cash consideration. If either side fails, the other side does not happen, so the parties have only limited market exposure to each other.
See also
- Free of payment
- DVP exemption from client assets and client money rules