Delivery vs. Payment

Delivery vs. Payment - Otherwise known as the DVP, it is a swift message type issued to reduce the settlement risk in any financial transaction sought. It is the delivery vs. payment system giving title to assets and payments in exchange at a specified simultaneous time and date. This made possible by the many cases such as a central depository system like the Depository Trust Corporation. It is the delivery of all securities in exchange of an asset or assets. A securities industry inclusive to strict procedures and governing rules for the future buyer. The buyer supplies the payment for the securities sold.