receive versus payment

Receive versus payment

An instruction that only cash will be accepted in exchange for delivery of securities.

Delivery versus Payment

A settlement procedure in which the buyer and the seller of a security agree that the seller will pay the buyer upon the security's delivery to the seller. This agreement is designed to reduce risk to both parties: if the delivery and payment do not occur at the same time there is a risk, however small, of theft by one party or the other. It is more commonly known as cash on delivery.

receive versus payment (RVP)

A settlement procedure in which a customer instructs that the delivery of a security will be made immediately upon receipt of proceeds from the sale of the security. Compare delivery versus payment.

单词	receive versus payment
释义	EncyclopediaSeeRVP receive versus payment Receive versus payment An instruction that only cash will be accepted in exchange for delivery of securities. Delivery versus Payment A settlement procedure in which the buyer and the seller of a security agree that the seller will pay the buyer upon the security's delivery to the seller. This agreement is designed to reduce risk to both parties: if the delivery and payment do not occur at the same time there is a risk, however small, of theft by one party or the other. It is more commonly known as cash on delivery. receive versus payment (RVP) A settlement procedure in which a customer instructs that the delivery of a security will be made immediately upon receipt of proceeds from the sale of the security. Compare delivery versus payment.
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