delivery versus payment investment & finance definition
The delivery of the underlying instrument for a futures or options contract made in exchange for the receipt of payment.
[1] Delivery versus payment or DVP is a sale transaction of negotiable securities (in exchange for cash payment) that can be instructed to a settlement agent using SWIFT Message Type MT 543 (in the ISO15022 standard).
Delivery versus payment: A type of settlement, commonly used by bank trust departments, in which the security is paid for when the broker/dealer has it deliverable in the purchaser's name. Also referred to as DVP or COD.
Delivery Versus Payment - DVP
A securities industry procedure in which the buyer's payment for securities is due at the time of delivery. Security delivery and payment are simultaneous.
Depositary Receipt ...
Delivery Versus Payment
The acronym for DVP (delivery versus payment), or transactions in which there is simultaneous transfer of cash and securities following the trade.
Delivery Versus Payment (DVP) - Settlement of security transactions used by institutional customers. Certificates are delivered to a bank designated by the customer whereupon the bank makes payment on delivery.
Delivery versus Payment: There are two methods for delivery of investment securities, one of which is delivery versus payment, the other is delivery versus receipt.
Delivery versus payment
A in which the buyer's payment for securities is due at transaction the time of delivery (usually to a bank acting as agent for the buyer) upon receipt of the securities.
COD transaction
See: Delivery versus payment
Code of procedure
The guide of the National Association of Securities Dealers used to adjudicate complaints filed against NASD members.
 See also: Delivery, Exchange, Share, Close, Future
  
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