Delivery versus Payment means payment for an investment must occur simultaneously with its delivery.

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;

Delivery versus Payment means delivery versus payment as defined in Article 2(1), point (27), of Regulation (EU) No 909/2014;

Examples of Delivery versus Payment in a sentence

When the money is held outside the Delivery Versus Payment window (defined above) it will be held in a client money bank account and segregated from the ACS Manager’s own money as required by the FCA’s Client Asset (CASS) Rules.

More Definitions of Delivery versus Payment

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;

Delivery versus Payment means a transfer of SGSMB that is accompanied by payment;

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;

Delivery versus Payment or ‘DVP’ means ‘delivery versus payment’ as defined in Article

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.

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;

Delivery versus Payment. ('DVP') means a securities settlement mechanism which links a transfer of securities with a transfer of funds in a way that the delivery of securities occurs only if the corresponding payment occurs;