free delivery definition
free delivery means a trade where delivery of the Financial Instrument is made to a client or Counterparty without receiving payment or where a payment is made without receiving a Financial Instrument, regardless of whether the client or Counterparty is issuer sponsored or participant sponsored.
free delivery means a transaction of transferable securities where the delivery of the securities and the remittance (transfer) of payment is accomplished at different times;
free delivery. (信用交付) means –
More Definitions of free delivery
free delivery means a trade where delivery of the Financial Instrument is made to a Counterparty without receiving payment or where a payment is made without receiving a Financial Instrument.
free delivery means a transaction under which a counterparty executes payment/delivery before the other counterparty has executed its contractual
free delivery means the delivery or transfer from an Account of any Account Property without there being made to such Account any corresponding payment or any corresponding delivery of securities, security entitlements or other financial assets.
free delivery means a transaction under which a counterparty executes payment/delivery before the other counterparty has executed its contractual obligation. If such transaction is not settled by the contractual settlement date, the credit institution is exposed to the risk of loss on the full amount of payment/delivery;