Receive Versus Payment - RVP

Receive Versus Payment - RVP
An instruction accompanying sell orders, stating that only cash will be accepted in exchange for delivery of the securities.

Institutions are usually required by law to only accept cash.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • Non-DVP — trading is defined as securities trading where a client s custodian will have to release payment or deliver securities on behalf of the client before there is certainty that it will receive the counter value in cash or securities, thus incurring… …   Wikipedia

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