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Delivery Versus Payment |
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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. The payment may be made by bank wire, check, or direct credit to an account.
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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The adoption of standardized settlement periods and a delivery versus payment standard, Why, for example, shouldn't all stocks and bonds be put on eBay rather than go via a stock exchange always provided there is a secure delivery versus payments system. Why, for example, shouldn't all stocks and bonds be put on eBay rather than go via a stock exchange - always provided there is a secure delivery versus payments system. |
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