delivery versus payment的意思|示意

'

Delivery versus Payment (DVP) is a financial term used in many different areas of finance. It is used to describe a transaction in which a buyer pays the seller in full before the goods or services are delivered. This payment is usually done via a bank transfer or some other form of electronic payment.

In the U.S., delivery versus payment (DVP) is a common practice in both the stock markets and the bond markets. In the stock market, the buyer must pay the seller the full amount of the purchase price prior to delivery of the securities. This is done to protect the buyer from the possibility of a counterparty defaulting on the payment. Likewise, in the bond market, the buyer must pay the seller the full amount of the purchase before delivery of the bonds. This ensures that the bonds are delivered upon payment and not held until the full payment has been made.

Delivery versus payment (DVP) is also used in the commodity markets. In this case, the buyer must pay the seller the full amount of the purchase price before the goods are delivered. This is done to protect the buyer from the possibility of a counterparty defaulting on the payment and the seller from any fraudulent activities that the buyer may attempt.

Lastly, delivery versus payment (DVP) is used in the foreign exchange market. Here, the buyer must pay the seller the full amount of the purchase price before the foreign currency is delivered to the buyer. This is done to protect the buyer from the risk of a counterparty defaulting on the payment and the seller from any fraudulent activities that the buyer may attempt.

In conclusion, delivery versus payment (DVP) is a financial term that is used in many different areas of finance. It is used to protect the buyer and seller from any fraudulent activities and to ensure that the buyer pays the seller in full prior to the delivery of goods or services.