Delivery-versus-Payment (DvP) definition

Delivery-versus-Payment (DvP) means the link between the SSSS (securities transfer system) and the RTGS (fund transfer system) that ensures that delivery occurs if, and only if, payment occurs.
Delivery-versus-Payment (DvP) means the process involving simultaneous delivery of all documents necessary to give effect to a transfer of securities in exchange for the receipt of the stipulated payment amount.

Related to Delivery-versus-Payment (DvP)

  • DVP shall have the meaning ascribed to such term in Section 2.1.

  • Gross Settlement Amount means $950,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.

  • Settlement Date means, with respect to the Called Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.