Delivery VS Payment
In the markets where shares in companies or ownership of government bonds etc. (the securities markets) are traded and transferred, a process is required to ensure that ownership is changed, and payment is made.
This process is known as Delivery vs Payment (DVP). The SADCBA under the leadership of the Mozambique Bankers Association, has created a DVP work stream to define the business model, procedures, and processes for the settlement of cross-border trades in SADC over SIRESS. This work stream is also working with a number of other bodies to ensure a robust approach to DVP in SADC.
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