Delivery versus payment system: Difference between revisions
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imported>Doug Williamson m (Spacing) |
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(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. | (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. | Assets are, among others, monetary assets (this includes foreign exchange), all types of securities and other financial instruments. | ||
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== 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.
