Template:Nutshell Equity Derivatives 9.10: Difference between revisions

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Section {{eqderivprov|9.10}}. '''{{eqderivprov|Delivery Versus Payment}}'''. In respect of any {{eqderivprov|Settlement Date}} on which there is a corresponding payment obligation, if the relevant {{eqderivprov|Clearance System}} permits settlement to occur on a delivery versus payment basis, then settlement shall occur on such basis. <br>
{{eqderivprov|9.10}}. '''{{eqderivprov|Delivery Versus Payment}}'''. Delivery versus payment will apply wherever delivery and payment are due on the same day and the {{eqderivprov|Clearance System}} permits it. <br>