Template:M summ GMRA 6(c)
Paragraph 6(c)
Everything is DVP. This ought not come as a surprise in our digital age, but there may be certain asset classes where this is not possible — especially if you are using your Global Master Repurchase Agreement to muck around with commodities and things like that — and some currency situations (like Roubles) where for various reasons counterparties might like to be prefunded.