SIE Exam Dumps | Executing trades using the delivery versus payment (DVP) settlement process requires the buyer to make

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FINRA.SIE.v2026-03-24.q117
Question 98

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Question 98/117

Executing trades using the delivery versus payment (DVP) settlement process requires the buyer to make a cash payment by which of the following deadlines?

A. On the 5th business day after execution

B. Before or at the same time as securities being delivered

C. No later than 3 days after the securities are delivered

D. By the agreed-upon settlement date with the issuer

Correct Answer: B

Step by Step Explanation:
* DVP Process: Ensures that payment occurs simultaneously with the delivery of securities, mitigating counterparty risk. Cash payment is made before or at the time of delivery.
* Incorrect Options:
* A: The T+5 timeline is not standard for DVP.
* C: Payment must occur at delivery, not after.
* D: Settlement date agreements with the issuer are irrelevant for DVP.
FINRA Guidelines on DVP/RVP Transactions: FINRA DVP Info.

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