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RBA Glossary definition for PvP

PvP – Payment-versus-Payment

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RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...

18 Dec 1997 Media Release PDF 268KB
38. iv. 5.5.1 PVP solutions.385.5.2 Promoting regional dialogue.385.5.3 Foreign exchange hedge market.39.
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf