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RBA Glossary definition for DvP

DvP – Delivery-versus-Payment

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Regulating the New Financial Markets | Conference – 1996

9 Jul 1996 Conferences
Richard Dale
Settlement procedures have an important role here because if settlement is on a delivery versus payment (DVP) basis, counterparty risk and associated regulatory concerns can be much reduced.
https://www.rba.gov.au/publications/confs/1996/dale.html