Delivery versus payment system: Difference between revisions
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imported>Doug Williamson (Link with Settlement page.) |
imported>Doug Williamson (Layout.) |
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Also known as Delivery against payment system. | Also known as Delivery against payment system. | ||
== See also == | == See also == | ||
* [[Risk]] | * [[Risk]] | ||
* [[Settlement]] | * [[Settlement]] | ||
Revision as of 15:57, 11 May 2016
(DVP).
A mechanism in an exchange-for-value settlement system that ensures that the final transfer of one asset occurs only if the final transfer of (an)other asset(s) take(s) place.
Assets are, among others, monetary assets (this includes foreign exchange), all types of securities and other financial instruments.
Also known as Delivery against payment system.
