trade-for-trade settlement

Trade-for-Trade Settlement

A securities transaction that the buyer and seller settle directly, without recourse to a clearing house.

trade-for-trade settlement

A securities transaction that is directly settled by the buying and selling firms.
References in periodicals archive ?
Since 1998, FICCs GCF Repo Service has enabled its dealer members to trade FICC-cleared general collateral tri-party repos with each other based on rate, term and underlying product throughout the day without requiring intra-day, trade-for-trade settlement on a Delivery-versus-Payment (DVP) basis.
Unlike standard repos, which require individual trade-for-trade settlement on a delivery-versus payment basis, GCF repo transactions are netted each day and settled as part of the clearing process for all government securities trades.