SIE Exam Practice Question 975
Question: 975
Which of the following is a settlement method in which the transfer of securities and associated payment occurs simultaneously? It ensures that the final transfer of a security occurs only if the final transfer of the associated payment also occurs.
Correct Answer: B
Explanation:
Delivery vs. Payment (DVP) is a settlement method in which the transfer of securities and associated payment occurs simultaneously. It ensures that the final transfer of a security occurs only if the final transfer of the associated payment also occurs.
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