JSE Brokerage Operations Practice Questions - JSE Brokerage Operations Management Course Examination Exam

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Under the JCSD rules, what settlement principle guarantees that the transfer of securities occurs if and only if the transfer of funds occurs?

Free of Payment (FoP) Delivery versus Payment (DvP) Payment on Demand (PoD) Guaranteed Net Settlement (GNS)

Correct Answer:

Delivery versus Payment (DvP)

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