delivery vs. payment

delivery vs. 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 from the seller's account in simultaneous, interdependent wires. American Banker Glossary

Financial and business terms. 2012.

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  • 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… …   Wikipedia

  • 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

  • free delivery/free payment — A settlement situation whereby one side of the trade is delivered in the absence of the other side; i.e. the free delivery of securities in a bonus issue or the free payment of dividends. Dresdner Kleinwort Wasserstein financial glossary …   Financial and business terms

  • Confirmation of delivery against payment —   An ISO term. A confirmation with an option to include itemised accounting details, of the delivery of specified securities, physically or by book entry, to a specified party against a specified amount of money …   International financial encyclopaedia

  • payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …   Financial and business terms

  • payment terms — / peɪmənt tɜ:mz/ plural noun the conditions laid down by a business regarding when it should be paid for goods or services that it supplies, e.g. cash with order, payment on delivery or payment within a particular number of days of the invoice… …   Marketing dictionary in english

  • delivery — de·liv·ery n pl er·ies: an act that shows a transferor s intent to make a transfer of property (as a gift); esp: the transfer of possession or exclusive control of property to another actual delivery: a delivery (as by hand or shipment) of actual …   Law dictionary

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