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

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

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

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

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

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

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

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

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

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