Okuzeka
Finance & Banking vocabulary · Payments & Cards

Delivery-versus-payment

Meaning in finance & banking, with examples

nounAdvanced term

In finance & banking, delivery-versus-payment means: Linking securities delivery with payment so that delivery occurs only if the corresponding payment occurs.

In Turkish: ödeme karşılığı teslim

How it is used

Abbreviated DvP; identify the securities leg and cash leg when describing the process.

Example sentences

  1. The bonds were transferred through delivery-versus-payment settlement.

    The securities transfer is conditional on the matching cash transfer.

  2. The cash shortage prevented the delivery-versus-payment instruction from settling.

    Insufficient cash blocks the linked exchange of assets.

Common collocations

  • delivery-versus-payment instruction
  • DvP settlement
  • securitiesFinancial assets that can be bought and sold, such as shares, bonds and bills, which give the owner rights like part ownership or a claim to repayment.
  • settlementThe final step of a payment or trade, when money or securities actually move from one party to the other and the deal is complete.

More terms: Payments & Cards

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This page explains English vocabulary for learners. It is not financial advice.