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Delivery versus payment: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "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 ne...") |
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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. | [[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. | ||
{{seealso}} | |||
*{{cobsprov|DVP exemption}} from client assets and client money rules | |||