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https://www.investopedia.com/terms/d/dvp.asp
Delivery Versus Payment - DVP: A securities industry settlement procedure in which the buyer's payment for securities is due at the time of delivery. Delivery versus payment (DVP) is a settlement ...
https://www.handbook.fca.org.uk/handbook/CASS/7/11.html
In line with CASS 7.11.14 R, where a firm receives money from the client in fulfilment of the client's payment obligation in respect of a delivery versus payment transaction the firm is carrying out through a commercial settlement system in respect of a client's purchase, and the firm has not fulfilled its delivery obligation to the client by ...
https://jollycontrarian.com/index.php?title=DVP_exemption_-_CASS_Provision
The DVP exemption allows a firm a waiver from the full rigours of the CASS safe custody and client money rules for money or assets delivered to the firm when settling a delivery versus payment transaction. For securities: CASS 6.1.12, but see also 6.1.4 for an important qualification. For client money: CASS 7.11.14.
http://thetaforum.co.uk/uploads/8/3/4/4/83443158/delivery_versus_payment_exemptions.pdf
Collective Investment Scheme Delivery versus Payment Exemption (CIS DVP or DVP1) The CASS rules require that all money should be received into a client bank account; however, some firms may elect to employ an exemption which allows money to be received into their corporate bank account on the condition that it is either due and payable to the
https://en.wikipedia.org/wiki/Delivery_versus_payment
Delivery versus payment or DvP is a common form of settlement for securities.The process involves the simultaneous delivery of all documents necessary to give effect to a transfer of securities in exchange for the receipt of the stipulated payment amount.
https://forums.moneysavingexpert.com/discussion/6087733/delivery-versus-payment-exemption
"We agree that when we buy or sell Shares in a Sub-Fund, in accordance with an exemption to the FCA's Client Money Rules (the delivery versus payment exemption), xxx Fund Managers Limited is not required to treat our subscription payment or redemption proceeds as client money for the purposes of settling that transaction, provided that the ...
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