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https://www.investopedia.com/terms/d/dvp.asp
Delivery versus payment (DVP) is a securities industry settlement method that guarantees the transfer of securities only happens after payment has been made. DVP stipulates that the buyer's cash payment for securities must be made prior to or at the same time as the delivery of the security.
https://financial-dictionary.thefreedictionary.com/delivery+versus+payment
Delivery versus payment. A in which the buyer's payment for securities is due at transaction 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.
https://www.nasdaq.com/glossary/d/delivery-versus-payment
Delivery versus payment. A in which the buyer's payment for securities is due at transaction 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.
https://financial-dictionary.thefreedictionary.com/Delivery+Vs.+Payment
delivery versus payment (DVP) A settlement procedure in which a customer instructs that he or she will make immediate payment upon delivery of the purchased security. Also called cash on delivery .
https://acronyms.thefreedictionary.com/Delivery-Versus-Payment
This system, as you know, provides a depository for debt and equity securities, the facility to transfer these securities on a real-time delivery-versus-payment basis, the facility to make cash payments, and a platform for the automated provision of intra-day liquidity to the banking system.
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