Series 6 - Investment Company And Variable Contracts Products Representative Exam
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Which of the following methods of settlement guarantees that the transfer of securities does not take place until after payment has been made?
Transfer and hold in safekeeping
A
DVP
B
RVP
C
Hold in street name
D
Explanations
DVP is Delivery Versus Payment and guarantees that the transfer of securities only happens post payment. This is the opposite of RVP settlement.