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RBA Glossary definition for DvP

DvP – Delivery-versus-Payment

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Sources of Financial Risk for Central Counterparties

15 Sep 2016 Bulletin – September 2016
Jennifer Hancock, David Hughes and Suchita Mathur
Central counterparties (CCPs) play an important role in managing the risks present in financial markets and in increasing the overall stability of the financial system. This requires CCPs to be sufficiently financially resilient so that they can
https://www.rba.gov.au/publications/bulletin/2016/sep/9.html

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