Delivery Risk

Delivery Risk
A term to describe when a counterparty will not be able to complete his side of the deal.

Overnight delivery risk
A risk brought about because differences in time zones between settlement centers require that payment or delivery on one side of a transaction be made without knowing until the next day whether the funds have been received in ...

Linked Settlement Services (CLSS) London-based organization composed of leading banks and financial institutions that provides a system of simultaneous payment/settlement of foreign exchange transactions to minimize settlement or delivery risk, ...

See also: Option, Loss, Market, Risk, Currency