Preamble
Recitals 81
Title I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-2) 2
Title II - SECURITIES SETTLEMENT (Article 3-9) 8
Title III - CENTRAL SECURITIES DEPOSITORIES (Article 10-53) 50
Title IV - PROVISION OF BANKING-TYPE ANCILLARY SERVICES FOR CSD PARTICIPANTS (Article 54-60) 7
Title V - SANCTIONS (Article 61-66) 6
Title VI - DELEGATION OF POWER, IMPLEMENTING POWERS, TRANSITIONAL, AMENDING AND FINAL PROVISIONS (Article 67-76) 9
Annexes 1
- Annex 1 - LIST OF SERVICES
Amending acts 4

delivery versus payment

Definitions over time (1)

01/07/2016 – today applies on 12/11/2026 Article 2, Regulation (EU) No 909/2014 (CSDR) Scope: Whole act Also: DVP

For the purposes of this Regulation, the following definitions apply:

‘delivery versus payment’ or ‘DVP’ means a securities settlement mechanism which links a transfer of securities with a transfer of cash in a way that the delivery of securities occurs if and only if the corresponding transfer of cash occurs and vice versa;

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