ADX has already changed its operational procedures for Delivery versus Payment
(DVP) in 2011.
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
Qatar Exchange also introduced the DVP (Delivery Versus Payment
) settlement system in 2011 and enhanced it twice in 2012 to ensure full protection of investors' assets in case of rejection by the seller.
The only obstacle was the DVP (delivery versus payment
) process, more specifically, the issue of forced selling within the process.
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.
It's also planning a new 'Delivery versus Payment
' settlement mechanism to be instigated before the end of March.
"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.
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.
"The market has operated a delivery versus payment
-- or DVP -- model now for a year, meaning that there's no time lag between stocks and cash being exchanged.