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Banking

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...

Over-The-Counter Trading

It stands for trading that takes place over the counter; a method of trading that is not carried out in...

Principal Risk

In the specific context of payment for purchases of assets (financial assets), it is the risk that the seller of...

OTC Trading

It stands for trading that takes place over the counter; a method of trading that is not carried out in...

Internal Settlement

A settlement that is effected through transfers of securities and/ or monetary amounts on the registers of a single intermediary...

Grey Market

In general, it is an unofficial, unregulated capital market or a similar marketplace which is not subject to a specific...

Stock Exchange Listing

Listing, official listing or stock exchange listing is the official admission of a security to exchange trading. In normal situation,...

Official Listing

Listing, official listing or stock exchange listing is the official admission of a security to exchange trading. In normal situation,...