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. It is more commonly known as cash on delivery.

delivery versus payment (DVP)

A settlement procedure in which a customer instructs that he or she will make immediate payment upon delivery of the purchased security. Also called cash on delivery. Compare receive versus payment.
References in periodicals archive ?
PAYO developed a platform that will allow for both the merchants and their consumers to experience better and faster COD transactions.
It has been established that indirect cost of COD services are much higher than direct costs due to large share of COD transactions (as high as 60 percent by some estimates).
COD transactions usually involve cash paid to the carrier upon delivery COD can also mean payment at the border.