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RBA Glossary definition for DvP

DvP – Delivery-versus-Payment

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Appendix A: Interbank Market Infrastructure

20 Jan 2021 RDP 2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
accounts. The international regulatory term for this simultaneous transfer – a key protection against settlement risk – is delivery-versus-payment (DvP) settlement. ... Entities that hold an Austraclear account but not an ESA execute DvP securities
https://www.rba.gov.au/publications/rdp/2021/2021-01/appendix-a.html
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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

Reform of Interbank Payments - A Proposal for Implementing Real Time Gross Settlement in Australia

5 Apr 1995 Media Releases
Where securities are involved, ownership of the securities would be transferred simultaneously with the cash — ie DvP will be provided.
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-2.html