Conciliation and Delivery versus payment system: Difference between pages

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1.  ''Dispute resolution - international.''
(DVP).   


In the international context, conciliation is designed to be a peaceful method of alternative dispute resolution.
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.


With the agreement of the parties, the matter under dispute is referred to independent conciliators.
Assets are, among others, monetary assets (this includes foreign exchange), all types of securities and other financial instruments.


The conciliators investigate, and then produce a report with proposals for a settlement.
Also known as Delivery against payment system.
 
However, there is no legal obligation on the parties to accept the proposals in the conciliators' report.
 
 
2.  ''Dispute resolution - domestic.''
 
Similar activities in the domestic context, especially employment.




== See also ==
== See also ==
* [[Adjudication]]
* [[Risk]]
* [[Arbitration ]]
* [[Settlement]]
* [[International Centre for Settlement of Investment Disputes]]
* [[Litigation]]
* [[Mediation]]
* [[Reconciliation]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Cash_management]]
[[Category:Liquidity_management]]

Revision as of 17:58, 29 June 2022

(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

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