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Delivery vs. Receipt - The deliverance of securities in the exchange for an authorized signed receipt for the securities. There are two methods used for the delivery of securities. The authorized signed receipt is the first and the one used most often. The second method is the delivery vs. receipt, which is the delivery made and the buyer signing a declaration of receipt. In the case of securities, this is for the receipt taken of the securities and the receipt is the acknowledgement. In future deliveries the securities received noted at the time of delivery. It is the legal transfer of receipt and ownership. |
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