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DFOP

It stands for delivery free of payment; a delivery of securities which is not linked to a corresponding transfer of...

Delivery Free of Payment

A delivery of securities which is not linked to a corresponding transfer of funds. In other words, one counterparty delivers...

DvD

It stands for delivery versus delivery; a securities settlement mechanism which links two securities transfers in such a way as...

Delivery versus Delivery

A securities settlement mechanism which links two securities transfers in such a way as to ensure delivery takes place against...

Physical Delivery

The delivery of an asset such as a commodity or instrument, in physical form. This term is used specifically in...

Delivery Date

The date on which a forward contract and a deliverable forward contract/ a futures contract is scheduled for delivery. It...

CTD

It stands for cheapest to deliver; a procedure which is used to find out which debt instrument (government bonds, corporate...

Cheapest To Deliver

A procedure which is used to find out which debt instrument (government bonds, corporate bonds, etc) is most rewarding (cheapest)...