Delivery versus payment definition

Delivery versus payment means payment for an investment must occur simultaneously with its delivery.
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Delivery versus payment or “DvP” means a settlement mechanism which stipulates that transfer of funds from the buyer of securities is made simultaneously with the transfer of securities by the seller of securities;
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Delivery versus payment means delivery versus payment as defined in Article 2(1), point (27), of Regulation (EU) No 909/2014;
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Examples of Delivery versus payment in a sentence

  • The “Closing Date” hereunder in respect of each Buyer, shall take place on or before September 27, 2007, as coordinated among Seller and each Buyer and shall be effected through a Delivery versus Payment transaction coordinated among Seller’s Broker and each Buyer’s broker.

  • The BSAB System aims to guarantee Participants a final and irrevocable settlement through Delivery versus Payment (DvP).

  • This feature is particularly useful for processing Delivery versus Payment, i.e. the exchange of digital claims for digital payments using Smart Con- tracts in an atomic and functional way.

  • At the Closing, by way of a transaction outside of the Tel Aviv Stock Exchange (Delivery versus Payment), through members of the Tel Aviv Stock Exchange - the Purchaser shall deliver the Purchase Price to the Seller's account set forth in Exhibit "A" hereof against delivery of the Initial Purchase Shares by the Seller to the Purchaser Account.

  • Subscription Orders and Redemption Orders will settle on a Delivery versus Payment DVP basis.


More Definitions of Delivery versus payment

Delivery versus payment means a securities industry settlement method that guarantees the transfer of securities only happens simultaneously as the payment for the securities.
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Delivery versus payment means a transfer of SGSMB that is accompanied by payment;
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Delivery versus payment means a settlement procedure in which the buyer and the seller of an asset agree that the seller will pay the buyer upon the asset’s delivery to the seller.
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Delivery versus payment or ‘DVP’ means ‘delivery versus payment’ as defined in Article
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Delivery versus payment an exemption under the Client Money Rules whereby money held for the purposes of settling a sale transaction or redeeming Units in a Fund need not be treated as client money;
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Delivery versus payment or ‘DVP’ means a securities settlement mechanism which links a transfer of securities with a transfer of cash in a way that the delivery of securities occurs if and only if the corresponding transfer of cash occurs and vice versa;
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Delivery versus payment or “DVP” means a securities settlement mechanism, which links a securities transfer and a funds transfer in such a way as to ensure that delivery occurs if and only if the corresponding payment occurs;
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