Delivery risk and Delivery versus payment system: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Link with Herstatt risk page.) |
imported>Doug Williamson m (Spacing) |
||
| Line 1: | Line 1: | ||
(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. | |||
== See also == | == See also == | ||
* [[Risk]] | * [[Risk]] | ||
Revision as of 16:50, 5 August 2013
(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.
