Delivery vs. Repayment

Delivery vs. Repayment - This is the specific delivery of securities for the ultimate possession of the asset retained in numeration. This is a delivery vs. payment method. 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.