7.11.14 - CASS Provision: Difference between revisions

*in respect of a client's purchase the DvP window starts from the date of the client's fulfillment of its payment obligation to the firm (provided the firm intends for the asset in question to be due to the client within one business day following fulfillment) and closes when the transaction settles (or, failing that on the third business day following fulfillment);

*in respect of a client's sale, the DvP window starts from the date of fulfillment of dlievery and closes when the transaction settles (or, failing that on the third business day following fulfillment);