cash on delivery

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cash on delivery

Commerce a service entailing cash payment to the carrier on delivery of merchandise

Cash on Delivery

 

an accounting method used by individuals and organizations to meet monetary obligations incurred in the maritime transport of goods and in postal shipments. The dispatcher who ships the goods authorizes the appropriate transport or communications enterprise to deliver such goods to the recipient upon receipt of payment from the recipient or upon verification that such payment has been made through a bank. In the USSR, cash on delivery is widely used by commercial organizations that sell books and other goods by mail.

References in periodicals archive ?
ADX has already changed its operational procedures for Delivery versus Payment (DVP) in 2011.
The UAE and Qatar, both rejected twice for an upgrade, have moved to address key issues cited in MSCI's 2010 review by introducing a Delivery versus Payment (DvP) settlement system.
NEW YORK & LONDON -- The Depository Trust & Clearing Corporation (DTCC) today announced that its Loan/SERV advisory committee has endorsed plans to add cash settlement capabilities, including Delivery versus Payment (DVP), to its Loan/SERV suite of services that is helping to automate and streamline the processing of syndicated commercial loans on a global basis.
The Vestima suite of services will bring increased operational efficiency and security benefits to the Latin American financial markets by providing centralised delivery versus payment (DVP) settlement services based on synchronous exchange of cash and securities between fund distributors and transfer agents.
Summary: ABU DHABI - Abu Dhabi Securities Exchange (ADX) is preparing to implement a Delivery Versus Payment (DvP) process to qualify for MSCI Emerging market index.
Summary: Bourse to adopt delivery versus payment rule; Salam International to be replaced by Qatar Nat'l Cement; Qatar, UAE in review for upgrade to emerging status
The two companies have been collaborating on the development of TRADEplus(TM), a software solution aimed at achieving real time Delivery versus Payment (DVP) in post-trade securities processing.
DFM adopted enormous development plans years ago including the implementation of the Delivery versus Payment (DVP) in 2011, as well as reviewing and updating its procedures in line with this mechanism.
Market participants recognized that the Qatari authorities and the Qatar Exchange have made significant progress in enhancing the operational efficiency of the Delivery Versus Payment ( DVP ) model.
Abu Dhabi: The Abu Dhabi Securities Exchange (ADX) will apply buyer cash compensation (BCC) settlement procedure from May to enhance its delivery versus payment (DVP) model, the bourse said on Saturday.
Summary: The Abu Dhabi Securities Exchange, or ADX, announced that it is continuing the process of enhancing its delivery versus payment, or DvP, model, which it launched in May 2011, through applying a buyer cash compensation, or BCC, settlement procedure.