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Delivery versus payment

• A transaction in which the buyer's payment for securities is due at the time of delivery (usually to a bank acting as agent for the buyer) upon receipt of the securities. The payment may be made by bank wire, check, or direct credit to an account.

• Abbreviated DVP. A securities industry procedure whereby payment for a security must be made at the time the security is delivered to the purchaser's agent.

 
 Embedded terms in definition
 Agent
Bank wire
Credit
Delivery
Industry
Securities
Security
Time
 
 Related Terms
 

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