Delivery-versus-Payment (DvP definition

Delivery-versus-Payment (DvP means the link between the SSSS (securities transfer system) and the RTGS (fund transfer system) that ensures that delivery occurs if, and only if, payment occurs.
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Delivery-versus-Payment (DvP means the process involving simultaneous delivery of all documents necessary to give effect to a transfer of securities in exchange for the receipt of the stipulated payment amount.
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Delivery-versus-Payment (DvP means that, during settlement process between the securities registration and settlement institution and the clearing participant, securities will be delivered if and only if funds are paid and vice versa.
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Related to Delivery-versus-Payment (DvP

  • Gross Settlement Amount means $565,450.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 10 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.1. Demand Bid:

  • Settlement Date means, with respect to the Called Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour. Day-ahead System Energy Price:

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Individual Settlement Payment means the amount payable from the Net

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • Shipment Date means the date for shipment of Product requested by Buyer in a Purchase Order.