DVP


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Delivery versus Payment

A settlement procedure in which the buyer and the seller of a security agree that the seller will pay the buyer upon the security's delivery to the seller. This agreement is designed to reduce risk to both parties: if the delivery and payment do not occur at the same time there is a risk, however small, of theft by one party or the other. It is more commonly known as cash on delivery.

DVP

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05), meaning that the proportion of manual interventions was lower in DVP than in COM.
Philippe Seyll, Head of Investment Fund Services and Co-CEO of Clearstream Banking, said: "We are delighted that Northern Trust has chosen Clearstream to provide order routing, DVP settlement and custody for their investments into third-party funds.
With the implementation of the BCC, ADX said it not only seeks to reinforce the current DVP model but also to adhere with international standards for financial markets infrastructure.
By providing a DVP capability, Loan/SERV will dramatically reduce risk and provide greater certainty in the syndicated loan market," said Childs.
Grand Circus, DVP and Bizdom are helping start-ups capitalize on this development by providing tools, mentorship and capital for entrepreneurs who are chasing their dreams, educational opportunities for talented developers, and a vibrant community for innovative start-ups.
But, whether MSCI is satisfied with the UAE's DVP implementation, that's still uncertain," said Dalgiannakis.
HONG KONG -- Taiwan Stock Exchange (TWSE) announced that it will implement its highly anticipated T+2 DVP Settlement System to better align with international practices after the Chinese New Year.
MSCI said the feedback received since June 2011 from international institutional investors on the UAE was very positive on the introduction and seamless functioning of the new DVP model.
Tarik Qaqish, director with Dubai-based Al Mal Capital said: "The idea behind DVP is to protect market participants and to settle the shares and the funds at the same time.
JASDEC also operates the Pre-Settlement Matching System and, since 2004, has overseen, through its subsidiary, the JASDEC DVP Clearing Corp.