Series 28: Delivery Vs. Payment

Taken from our Series 28 Online Guide

Delivery vs. Payment

In a broker-dealer credit account, a broker-dealer may conduct a purchase or sale transaction with another broker-dealer under a good faith agreement that the seller will promptly deliver the security against full payment of the purchase price. In other words, a delivery vs. payment transaction ensures that the security will be delivered only when full payment is made.

Since you're reading about Series 28: Delivery Vs. Payment, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 28
Please Enable Javascript
to view this content!