Delivery versus payment

"Payment at the moment of delivery".^[1] Delivery versus payment or DVP is a sale transaction of negotiable securities (in exchange for cash payment) that can be instructed to a settlement agent using SWIFT Message Type MT 543 (in the ISO15022 standard). Use of such standard message types is intended to reduce risk in the settlement of a financial transaction, and enable automatic processing. Ideally, title to an asset and payment are exchanged simultaneously. This may be possible in many cases such as in a central depository system such as the United States Depository Trust Corporation

References

1. ^ A securities industry procedure in which the buyer's payment for securities is due at the time of delivery. Security delivery and payment are simultaneous.

External links

• ISO 15022 - Business Elements: Delivery versus payment

See also

• ISO 15022

This article about stock exchanges is a stub. You can help Wikipedia by expanding it.v · Categories: Stock market Banking technology Society for Worldwide Interbank Financial Telecommunication Stock exchange stubs Wikimedia Foundation. 2010. Игры ⚽ Поможем сделать НИР Channel (geography) Fistful of TOWs Look at other dictionaries: delivery versus payment — delivery vs. payment ( DVP) The simultaneous exchange of securities and cash. The safest method of settling either the purchase or sale of a security. In a DVP settlement, the funds are wired from the buyer s account and the security is delivered …   Financial and business terms Delivery Versus Payment — The acronym for DVP (delivery versus payment), or transactions in which there is simultaneous transfer of cash and securities following the trade. A basic feature of automated clearing and settlement, DVP reduces risk significantly: today fewer… …   Financial and business terms Delivery Versus Payment - DVP — A securities industry procedure in which the buyer s payment for securities is due at the time of delivery. Security delivery and payment are simultaneous. Also known as delivery against payment, delivery against cash, or from the sell side …   Investment dictionary Delivery versus payment — A transaction in which the buyer s payment for securities is due at the time of delivery (usually to a bank acting as agent for the buyer) upon receipt of the securities. The payment may be made by bank wire, check, or direct credit to an account …   Financial and business terms ПОСТАВКА ПРОТИВ ОПЛАТЫ (DELIVERY VERSUS PAYMENT (DVP)) — система расчетов в операциях с ценными бумагами, которая обеспечивает механизм, гарантирующий, что поставка произойдет только в случае оплаты и в момент оплаты …   Словарь понятий и терминов, сформулированных в нормативных документах российского законодательства receive versus payment — An instruction that only cash will be accepted in exchange for delivery of securities. Bloomberg Financial Dictionary …   Financial and business terms Receive Versus Payment - RVP — An instruction accompanying sell orders, stating that only cash will be accepted in exchange for delivery of the securities. Institutions are usually required by law to only accept cash …   Investment dictionary Mobile payment — Part of a series on Electronic commerce Online goods and services Streaming media Electronic books Softwar …   Wikipedia DVP — delivery vs. payment (DVP) The simultaneous exchange of securities and cash. The safest method of settling either the purchase or sale of a security. In a DVP settlement, the funds are wired from the buyer s account and the security is delivered… …   Financial and business terms DVP — Delivery Versus Payment (Business » General) * Don Valley Parkway (Governmental » Transportation) * Don Valley Parking (Business » Firms) * Dynamic Virus Protection (Computing » Security) * Device parameter file (AutoCAD) (Computing » File… …   Abbreviations dictionary 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”